Union Bank of India's Q4 results: The state-owned Union Bank of India (UBoI) reported strong financial performance for the fourth quarter ending March 31, 2024,...

Bank

Punjab & Sind Bank’s Q4 Results Show a 70% Profit Decrease to Rs 139 Crore

PJdesk - 11/05/2024 0

Punjab & Sind Bank result update State-owned Punjab & Sind Bank reported a 70% decrease in net profit to Rs 139 crore for the fourth...

Bank

IDBI Bank receives an order demanding ₹2.97 crore for GST payment.

PJdesk - 08/05/2024 0

IDBI bank news update Bank announced that it has received a GST demand order totaling ₹2.97 crore, which includes interest and penalties, for what is...

Bank

RBI’s proposal is diligently assessinated by the government for increased infrastructure provisioning, while bankers and NBFCs express apprehension alongside an eagerness to find constructive...

PJdesk - 08/05/2024 0

RBI's proposal is assessinated by the government: The government is scrutinizing draft rules from the RBI, which propose higher provisioning for infrastructure projects. Meanwhile, lenders...

Bank

Citi suggests that the bond buyback indicates a shift in the RBI’s stance towards easing and could potentially transition to a neutral position.

PJdesk - 06/05/2024 0

Bond buyback by RBI India's unanticipated decision to repurchase bonds suggests that the central bank is taking proactive steps to ease liquidity and could potentially...

Bank

Kotak Mahindra Bank’s Fourth Quarter Results Show a 17.6% Increase in Profit Driven by Higher Other Income.

PJdesk - 05/05/2024 0

Kotak Mahindra Bank's Fourth Quarter Results: Kotak Mahindra Bank Ltd. witnessed a surge in profit during the fourth quarter, surpassing analysts' projections. According to an...

Bank

Federal Bank’s net profit for the fourth quarter remained unchanged at Rs 906 crore for the March quarter.

PJdesk - 03/05/2024 0

Federal Bank's March quarter results: Federal Bank reported a consistent net profit of Rs 906 crore in the March 2024 quarter, remaining unchanged from the...

Bank

97.76% of the ₹2000 denomination Banknotes in circulation has since been returned:RBI

PJdesk - 02/05/2024 0

₹2000 denomination Banknotes Reserve Bank of India announced on 2 May 2024 that 97.76% of the ₹2000 banknotes in circulation as of May 19, 2023,...

Bank

ICICI Bank refutes claims of CEO and MD Sandeep Bakhshi intending to resign, labeling the report as ‘baseless’.

PJdesk - 02/05/2024 0

ICICI Bank news update ICICI Bank dismissed The Morning Context report as 'baseless' and 'purely fictitious', which alleged that Sandeep Bakhshi sought to step down...

Bank

KVS Manian carries with him optimism as he is anticipated to embark on a new chapter at Federal Bank following his departure from Kotak...

PJdesk - 01/05/2024 0

KVS Manian transition to Federal Bank Earlier today, KVS Manian resigned as the Joint MD of Kotak Mahindra Bank and reportedly may join Federal Bank....

News

Credit extended by banks to the industrial sector increased by 8.5% in March, while there was a slowdown in personal loans, as per the...

PJdesk - 01/05/2024 0

Credit extended by banks to the industrial sector According to data released by the Reserve Bank on Tuesday, bank credit to the industrial sector saw...

Bank

Five Co-operative Bank imposed monetary penalty by Reserve Bank of India

PJdesk - 30/04/2024 0

RBI imposes monetary penalty on 5 Co-operative Bank Indira Mahila Sahakari Bank Limited, Malegaon, Maharashtra imposed penalty for non-compliance with certain provisions of RBI Directions...

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Bank

Economic Survey: India’s GDP expected to grow between 6.3% and 6.8% in FY26

Intellect to assume digital banking operations of Central 1, Canada

HDFC Bank Reports Q3 FY25 Results: Net Profit Rises 2.2% YoY, over 8% steady growth In NII

RBI cancels Certificate of Registration of X10 Financial Services Limited due to irregular lending practices

RBI updates FEMA regulation to boost cross-border rupee transactions

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Mahindra Manulife Mutual Fund announces the launch of Mahindra Manulife Value Fund

MobiKwik reports total income of INR 9,140 Mn for nine months of FY25, surpassing full-year FY24 income

SCOR: January 2025 P&C reinsurance renewals results

UBS reports 4Q24 net profit of USD 0.8bn and FY24 net profit of USD 5.1bn; proposes USD 0.90 dividend per share

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