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Cholamandalam MS General Insurance H1 Results: PBT jumps 60% to ₹350 crore

By www.thehindubusinessline.com
Published On :: Sun, 27 Oct 2024 21:14:05 +0530

Chola MS reports an 11.6% Y-o-Y rise in GWP to ₹4,136 crore in H1 FY25; MD V Suryanarayanan says focus on profitable growth continues to drive performance

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Money & Banking

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Bank unions push back against government ‘micromanagement’ in employee performance reviews

By www.thehindubusinessline.com
Published On :: Tue, 29 Oct 2024 16:11:34 +0530

More than 1 lakh bank employees likely to be affected by DFS instruction to banks, says AIBEA General Secretary Venkatachalam

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Money & Banking

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RBI grants online payments aggregator license to Jio Financial arm JSPL

By www.thehindubusinessline.com
Published On :: Tue, 29 Oct 2024 17:29:14 +0530

Jio Financial, helmed by veteran banker K.V. Kamath, already runs a shadow bank and an insurance brokerage and has joined forces with BlackRock Inc. to start an asset management business

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Money & Banking

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Five-Star Business Finance posts ₹268 cr profit in Q2, AUM grows 32%

By www.thehindubusinessline.com
Published On :: Tue, 29 Oct 2024 18:35:17 +0530

For the quarter ended September 30, 2024, the company’s net profit surged by 34 per cent to ₹268 crore, up from ₹199 crore

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Money & Banking

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BoB to open 600 branches, strengthen ‘RAM’ loan focus: Chief Chand

By www.thehindubusinessline.com
Published On :: Wed, 30 Oct 2024 16:35:12 +0530

BoB Chief Debadatta Chand says FY25 credit, deposit growth targets revised down to balance CD ratio

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Money & Banking

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Sundaram Home Finance reports lower net profit in Q2 & H1

By www.thehindubusinessline.com
Published On :: Wed, 30 Oct 2024 18:42:07 +0530

The company’s newly launched Emerging Business segment, focusing on small business loans and affordable housing finance, disbursed Rs.₹42 crore during the second quarter of 2024

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Money & Banking

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IIFL Finance grows its gold loan portfolio by ₹2,000 cr about a month after RBI lifted lending ban

By www.thehindubusinessline.com
Published On :: Fri, 01 Nov 2024 19:43:35 +0530

IIFL Finance’s gold loan book had shrunk from ₹26,000 crore in early March 2024 to ₹10,000 crore by September 19, 2024

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Money & Banking

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For new players, existing expense of management regulations are a challenge: Zuno General Insurance CEO

By www.thehindubusinessline.com
Published On :: Sun, 03 Nov 2024 10:21:12 +0530

Zuno General Insurance continued to grow faster than the industry in the second quarter of this fiscal, says Shanai Ghosh, MD & CEO of the company

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Money & Banking

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Sundaram Finance reports a 7% drop in Q2 profit, H1 profit stays flat

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 18:16:33 +0530

Quarterly disbursements slightly decreased to ₹6,860 crore from ₹6,941 crore year-on-year

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Money & Banking

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Shriram General Insurance posts 17% rise in Q2 net at ₹140 cr

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 21:19:30 +0530

Shriram General’s Gross Written Premium rose by 15% to ₹861 crore during the same period.

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Money & Banking

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Manappuram Finance post 2% rise in Q2 net profit at ₹572 crore

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 12:57:45 +0530

Total consolidated operating income for the quarter was ₹2,633.1 crore, a 22.1 per cent increase from the same quarter last year

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Money & Banking

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IFC invests $400 million in Bajaj Finance, aiming to quadruple climate loans by 2027

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 17:29:16 +0530

This investment is part of BFL’s $1 billion fundraising goal and aims to support India’s climate goals while promoting financial inclusion

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Money & Banking

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Change in stance doesn’t mean that the next step is a rate cut in the very next meeting: RBI Guv Das

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 20:15:19 +0530

RBI Governor Das explains change in stance, emphasizes balanced growth-inflation approach

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Money & Banking

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Sundaram Home expands into Chhattisgarh with new Raipur branch

By www.thehindubusinessline.com
Published On :: Sat, 09 Nov 2024 15:38:39 +0530

Earlier in 2024, Sundaram Home Finance bolstered its presence in non-South regions with branch openings in Mumbai and Kota, Rajasthan

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Money & Banking

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Bitcoin nears $80,000 for first time as Trump’s pro-crypto stance sparks market optimism

By www.thehindubusinessline.com
Published On :: Sun, 10 Nov 2024 15:29:31 +0530

The cryptocurrency climbed as much as 4.3 per cent to an unprecedented $79,771 on Sunday

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Crypto Currency

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Finance Minister launches five Nari Shakti branches of Union Bank of India for women entrepreneurs

By www.thehindubusinessline.com
Published On :: Sun, 10 Nov 2024 19:07:55 +0530

Union Bank of India opens Nari Shakti branches in Bengaluru, Chennai, Visakhapatnam, and Jaipur

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Money & Banking

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FTX sues Binance, former CEO Zhao seeking $1.8 billion clawback

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 14:43:36 +0530

Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison

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Crypto Currency

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Delhi Insurance Ombudsman Office clears all complaints of 2023-24

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 22:15:00 +0530

All 3,443 complaints received in 2023-24 have been disposed, says Sunita Sharma, Insurance Ombudsman

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Money & Banking

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