Six New Umbrella Entity (NUE) hopefuls, including Facebook, Google and Amazon, have failed to present any innovative solution due to which efforts to build an […]
Tag: bfsi
Investment bankers get USD 261.5 million in Q1 despite fall in deal making activities: Report
Despite a massive fall in deal making in the March quarter, deal makers laughed their way to the bank with USD 261.5 million in investment […]
Bank of Maharashtra logs 30% loan growth; total business crosses Rs 4 lakh crore in Q4
State-owned Bank of Maharashtra (BoM) on Wednesday said it has posted a credit growth of 29.59 per cent at Rs 1.75 lakh crore for the […]
Bandhan Bank’s total deposits rise 12.2 pc in Q4 FY23
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 […]
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 […]