Bank
Bank
Reliance Q4 Results:Report indicates a 1.8% decrease in profit to Rs 18,951 crore, alongside the announcement of a Rs 10 dividend.
Reliance Q4 Results:
Reliance Industries Limited (RIL) disclosed a 1.8% year-on-year (Y-o-Y) dip in its consolidated net profit (attributed to the company's owners) for the...
HDFC Q4 FY24 result update: net profit of ₹16,512 crore, with retail loans showing impressive growth of 108.9%.
HDFC Q4 FY24 result update:
On April 20, HDFC Bank announced a net profit of Rs 16,512 crore for the January-March quarter of the fiscal...
RBI imposes monetary penalty on NABFINS Limited, Bengalur
RBI in action:
The Reserve Bank of India (RBI) has, by an order dated April 15, 2024, imposed a monetary penalty of ₹10 lakh (Rupees...
The Reserve Bank of India’s proposed regulations for payment aggregators deemed pivotal, timely, and positively received by Experts.
The Reserve Bank of India
Today's latest news from the RBI: The Reserve Bank of India has issued two sets of draft regulations for payment...
Bank of America’s profit declines due to reduced interest payments from customers
Bank of America Quarterly result:
In the first quarter, Bank of America experienced a decrease in profit as its consumer division weakened and it wrote...
Morgan Stanley predicts that there won’t be any rate cuts from the RBI this fiscal year.
Morgan Stanley prediction on RBI monetary policy:
Morgan Stanley's economists anticipate that the Reserve Bank of India's Monetary Policy Committee (MPC) might refrain from lowering...
Turkey’s central bank records a loss of $25 billion for the year 2023
Turkey's central bank
In 2023, the Turkish central bank experienced a loss of 818.2 billion liras ($25 billion), marking a significant shift from previous years...
India’s foreign exchange reserves surged by $2.98 billion to reach a new pinnacle of $648.562 billion at the week’s conclusion.
foreign exchange reserves update
RBI announces a $2.98 billion surge in forex reserves, reaching a new pinnacle of $648.562 billion.In September 2021, the nation's foreign...
UCO Bank, Central Bank of India, and three additional Public Sector Banks (PSBs) have been instructed to increase their public shareholding to 25% by...
Banks news update
UCO Bank, Central Bank of India, and three additional PSBs have been instructed to increase their public shareholding to 25% by AugustThese...
BoB cases of scam related to the BoB World app prompt the Ministry of Finance to advocate for a strengthened KYC process
BoB World app scam:
According to news agency Business Standard:The RBI may advise banks and financial institutions to assess the concentration of Business Correspondents (BCs)...
RBI rejects 2 application for Licensing of Small Finance Banks
RBI in action:
The Reserve Bank of India has turned down two additional requests to establish small finance banks: those from Dvara Kshetriya Gramin Financial...
The Japanese banking giant, MUFG, is poised to acquire a 20% share in HDFC Bank’s subsidiary, HDB Financial, for a total of $2 billion.
MUFG, the Japanese banking giant
People familiar with the matter report that Bank of Tokyo-Mitsubishi UFJ (MUFG), the Japanese banking giant, is in the process...
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