Axis Bank, HDFC Bank and ICICI Bank among top picks for 2025 in the financials space: HSBC
HSBC has highlighted 2024 as a challenging year for the financial sector, marked by tight liquidity constraints.
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Working with regulator to address concerns, decision to impact EBITDA by upto Rs 500 crore: Paytm
Paytm has said that this decision by the RBI will impact their EBITDA annually by Rs 300-500 crore.
TRAI directs banks and financial institutions to verify headers & templates in pesky texts crackdown
Telecom regulator TRAI takes strict measures to combat unsolicited messages and protect consumers.
Banks have recorded loans totalling 11.17 lakh Crores over the last 6 years
Since May 1, 2017, the Enforcement Directorate (ED) has registered 515 fraud cases, including those involving deliberate defaulters.
Banks to remain closed on these days in November 2022; Check out full list of holidays here
Bank Holidays in November 2022: The RBI reports that a lot of bank holidays are regional and can vary from state to state and bank to bank.
RBI removes the Central Bank of India from the PCA
According to the RBI, the bank has made a written pledge to continuously abide by the standards for minimum regulatory capital, net non-performing assets, and leverage ratio.
These banks offer senior citizens fixed deposit interest rates of up to 7.5 percent
Banks increase the interest rates on fixed deposits for senior citizens by 30–40 basis points. Depending on the deposit amount and maturity duration, this premium can occasionally be considerably greater.
Indian Bank reports 34% rise in net profit to Rs 690 crore in Q3
The total income during October-December 2021-22 grew to Rs 11,481.80 crore against Rs 11,167.86 crore in the year-ago period.
Gross NPAs of Banks likely to increase to 9.5% by September 2022: RBI
A non-performing asset (NPA) refers to a classification for loans or advances that are in default or arrears.
Govt must consider merging private lender RBL Bank with state-owned bank: AIBEA
The company's Non-Performing Assets rose from only Rs 357 crore in 2017 to more than Rs 2,600 crore.
London aims to override New York with five-year financial plan for international mobility
On Tuesday, the strategy paper referring to TheCityUK mentioned the already published itinerary in government endorsed reports and also in some reports published in the current months. This arrives in as the London administration plans to regain the lost land after Britain’s adieu from the EU.
RBI gets application from Cosmea Financial Holdings, Tally Solutions for small finance bank
For ‘on tap’ Licensing of Small Finance Banks The Reserve Bank of India had issued Guidelines on December 5, 2019.
FM Nirmala Sitharaman to issue EASE 4.0 reform agenda for FY21-22 today
In the current finical year public sector banks aim to achieve new schemes such as pre-approved car loans, EMI offers on e-commerce and MSME customers for the consumers belonging to the retail sector.
Vodafone Idea’s gross debt as of March 31 estimated to Rs 1.8 lakh crore
Chairman of the Aditya Birla Group Kumar Mangalam gave away his company stakes in the VIL to the government in the quest for the means of survival.
RBI shuts down a bank for securing trust of depositors on the banks
Various incidents happened in the past but this is the latest instance of the Central bank shutting down the weakly run collective bank. Institutional disappointments and instigated penal actions have been illustrated as the reason for closing off.
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