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Latest Articles in Banking Finance
Yes Bank Issues 2,08,750 Equity Shares To Employees
The face value of each equity share will be two rupees
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ADB Maintains India's Growth Forecast At 6.4% For FY24
The growth forecast for the current fiscal year is based on the assumption of normal rainfall and weather conditions, along with no further geopolitical shocks
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IndusInd Bank Soars On Reporting 30% Rise In Q1 Consolidated Net Profit
In the quarter ended 30 June 2023, IndusInd Bank reported a significant 32.45 per cent rise in net profit, amounting to Rs. 2123.62 crore
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Bharat Bill Pay’s Business Grew Threefold In Just 2 Years: CEO Nupur Chaturvedi
Bharat Bill Pay has participated in the G-20 event to showcase all the NPCI and subsidiary products
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Experts Emphasise Importance Of Fixed Due Date For Tax Filing
With only a handful of days left for the same, it is important to understand the basic requirement to file an income tax return
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Collaborative Approach Proposed To Boost Rural India's Credit Adoption: Experts
Rural banks and city-based banks need to collaborate effectively to bridge the credit gap and promote financial inclusion in rural areas, says expert
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Bajaj Allianz General Insurance Launches Add-on Motor Insurance Cover
V-Pay add-on cover has 22 inbuilt features that provide a balanced solution for the insured’s vehicle, catering to both conventional risks as well as addressing emerging risks
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ICICI Pru Q1 Net Profit Increases 33% To Rs 207 Cr
The Value of New Business stands at Rs 438 crore, accompanied by a VNB margin of 30.0 per cent for Q1-FY2024
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How Are Digital Payments Doing In FY 23–24?
Newer use cases will emerge for mobile wallets in the next 2 years; wallets will be interoperable; and new use cases like mass transit, employee benefits, expense management, corporate gifting, rewards and recognition, banking for teenagers, etc. will grow over 3X in the next 2 years
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PhonePe Launches Health Insurance platform With Monthly Subscriptions
This will drive deep penetration with users being able to pay in monthly subscriptions with a much lower financial burden, says Hemant Gala, Vice President - Financial Services at PhonePe
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Indonesia Possibly Next In Line For UPI Deal, Following France And UAE
A meeting between FM Nirmala Sitharaman and her Indonesian counterpart, Sri Mulyani Indrawati, involved discussions about digital technology, payment systems used by central banks, and the utilisation of local currency
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SBI Offers Concession, 50-100% Processing Fee Waiver Till 31 August
The concession is applicable on regular home loans, Nri, flexipay, non-salaried, privilege and Apon Ghar
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HDFC Bank Q1 Net Up 30% To Rs 11,951 Cr
The bank's net profit also experienced substantial growth, increasing from Rs 9,196 crore in the corresponding quarter last year to Rs 11,951 crore in Q1FY24
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RBI Governor Meets Swiss National Bank’s Thomas Jordan During G20 Meet
Earlier in the day, the third G20 Finance Ministers and Central Bank Governors (FMCBG) meeting commenced in Gandhinagar. The two-day event will culminate on 18 July
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Uday Kotak To Take On Non-Executive Position On Board
In a letter to shareholders, he stated his decision to step down from his whole-time position
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