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Credit card expenditures surged by 27% to reach Rs 18.26 trillion in FY24, as per RBI statistics

PJdesk - 25/04/20240

Credit card Credit card expenditures increased by 27% year-on-year (Y-o-Y) to Rs 18.26 trillion in the financial year 2023-24 (FY24) from around Rs 14 trillion...

Bank

RBI takes significant measures against Kotak Mahindra Bank! The bank is prohibited from issuing new credit cards and digitally onboarding new customers

PJdesk - 24/04/20240

RBI takes significant measures against Kotak Mahindra Bank! Serious deficiencies and non-compliances were observed in the areas of IT inventory management, patch and change management,...

News

The rupee reaches a two-week peak buoyed by enhanced risk appetite, while forward premiums see a slight increase

PJdesk - 24/04/20240

The rupee reaches a two-week peak On Wednesday, the Indian rupee surged, supported by an uptick in risk appetite that boosted other Asian currencies. Additionally,...

FinTech

“PayU Secures RBI’s Preliminary Approval as Payment Aggregator: A Significant Step Forward”

PJdesk - 24/04/20240

PayU secure preliminary approval of RBI On Tuesday, PayU, a fintech company backed by Prosus, announced that it has received an initial approval from the...

NBFC

Mahindra Finance experiences a 5% decline as the company postpones its earnings meeting due to the discovery of a Rs 150 crore fraud

PJdesk - 23/04/20240

Mahindra Finance Mahindra Financial Services saw its stock price tumble by over 7% in early trading on Tuesday and bounce back to 5% negative following...

IPO

Vodafone Idea Follow-On Public Offering achieves full subscription

PJdesk - 23/04/20242

Vodafone Idea Follow-On: The bidding for the follow-on public offer (FPO) of Vodafone Idea Ltd concludes today. Investors in the QIB and NII segments have...

News

Stock market live update: Nifty open in green amid gobal market potivity

PJdesk - 23/04/20240

Stock market live As days pass and Middle East conflict dilutes the global market moving toward stability. US market Dow Jones Futures traded 0.02% up, Nasdaq...

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.

PJdesk - 23/04/20241

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...

Bank

HDFC Q4 FY24 result update: net profit of ₹16,512 crore, with retail loans showing impressive growth of 108.9%.

PJdesk - 22/04/20240

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...

Bank

RBI imposes monetary penalty on NABFINS Limited, Bengalur

PJdesk - 22/04/20240

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...

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