Bandhan Bank’s total deposits in the fourth quarter of last fiscal stood at Rs 1,08,069 crore, registering a rise of 12.2 per cent over the […]
Category: BFSI
Net direct tax collections For FY 23 at Rs 16.61 lakh crore, exceeds RE by Rs 11,000 crore
The Centre has exceeded the revised Direct tax target for the financial year 2022-23 by Rs 11,000 crore, on the back of a resilient economy, […]
Axis Bank CEO flags risks of slowing economic growth, says ‘not everything is ok’
Axis Bank Ltd Chief Executive Officer Amitabh Chaudhry is watchful over consumer demand in the Indian economy and said expectations for growth might have to […]
Bank of Baroda stops clearing payment for above-cap Russian oil
India’s Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, three sources […]
Role of NBFCs in the growth of Micro, Small and Medium Enterprises (MSME) segment
Introduction Non-Banking Financial Companies (NBFCs) are also known as shadow banks. There are more than 9,500 NBFCs registered with Reserve Bank of India (RBI). The […]
Avanti Finance secures $24 mn equity funding from Rabo Partnerships, IDH Farmfit Fund
Bengaluru-based Avanti Finance has secured $24 million equity funding from Rabo Partnerships, the wholly owned subsidiary of the Rabobank Group focused on financial inclusion and […]
Bank NPAs to improve to decadal low of 3.8pc by FY24-end: Crisil
Banks’ gross non-performing assets (NPAs) will reduce further to a decadal low of 3.8 per cent by end of FY2023-24, credit rating agency Crisil said […]
Axis Bank launches business management solution for merchants
Axis Bank in partnership with Visa on Monday launched an app that will empower merchants to accept payments through various digital modes and also enable […]
SBI’s UPI, net banking services suffer due to server outage, users complain
The State Bank of India’s (SBI) UPI and net banking services were affected after the bank’s server reportedly faced an outage, according to media reports. […]
HDFC Bank records loan growth of 17% at end of March
Private sector lender HDFC Bank on Monday said it has recorded a 16.9 per cent increase in credit growth at Rs 16 lakh crore at […]