Relief For Depositors: Ordinance Brings Cooperative Banks Under RBI Supervision
Cabinet also approves 2% subvention for ‘Shishu’ mudra loans Read more
Tamilnad Mercantile Bank Reports 58% Rise In Net Profit
Focus on CASA growth will continue: MD and CEO KV Rama Moorthy Read more
GIC Q4 Net Profit Surges To ₹1,197 Crore
State-run GIC Re saw its net profit nearly double to ₹1,197.41 crore in the fourth quarter of 2019-20 as against ₹60... Read more
Canara Bank Q4 Loss Widens To ₹3,208.31 Cr On Heavy Provisioning
Canara Bank’s loss on consolidated basis in the fourth quarter (FY20) widened to ₹3,208.31 crore due to provision fo... Read more
Karur Vysya Banks Q4 Net Up 40%
Karur Vysya Bank has reported a 40 per cent increase in its net profit for the quarter ended March 2020, up from ₹60 c... Read more
HDFC Bank Well Placed To Ride Out Covid-19 Storm: Aditya Puri
Aditya Puri, MD and CEO of HDFC Bank, believes the lender is well placed to ride out the Covid-19 storm and will continu... Read more
Navi Launches Lending App For Instant Personal Loans
Sachin Bansal co-founded Navi has launched Navi Lending App for instant personal loans up to ₹5 lakh. “Aimed at Indi... Read more
Aye Finance Raises ₹210 Crore In Series E Round Led By CapitalG
Aye Finance, an MSME sector lender, has raised ₹210 crore in Series E funding led by CapitalG, Alphabet’s independen... Read more
Outsourcing Of Financial Services: RBI Raises Concerns Over Non-transparency In Digital Transactions
The Reserve Bank of India (RBI) has raised concerns regarding non-transparency in transactions and violation of extant g... Read more
Ability Of DHFL To Remain A Going Concern Depends On Outcome Of Resolution Process: Auditor
The ability of troubled Dewan Housing Finance Corporation (DHFL) to remain a ‘going concern’ will depend on the reso... Read more
Extended Suspension Of IBC May Lead To Riskier Behaviour Among Firms: Study
Even as the Centre has temporarily suspended the Insolvency and Bankruptcy Code (IBC) due to the current economic crisis... Read more
DHFL Auditor Reports Fair Value Loss Of ₹18,853 Cr, Mismatch Of ₹3,018 Cr, ICD Dues Of ₹3,786.24 Cr
According to the recent auditing report of Dewan House Finance Corporation (DHFL), a company which is under a moratorium... Read more
Short-term Covid-19 Policy: Pricing, Unpredictability Key Challenges For Insurers
The decision of the insurance regulator to permit specific, short-term health insurance products for Covid-19 treatment ... Read more
Bank Of Baroda Posts Net Profit Of ₹507 Crore In Q4
Bank of Baroda (BoB) reported a standalone net profit of ₹507 crore in the fourth quarter ended March 31, 2020. BoB (a... Read more
Union Bank Q4 Loss Narrows To ₹2,503 Crore
Union Bank of India (UBI) reported a net loss ₹2,503 crore in the fourth quarter ended March 31, 2020.The bank’s fin... Read more