A massive, multi-disciplinary cultural space is now open in Mumbai, with a global outlook and a vision to foster and promote Indian arts

The Economic Survey advises, sanely, that policy choices for India need to be driven more by pragmatism than ideology and warns against a blind aping of the West

India has to be watchful

NIM moderates as deposits outpace credit growth

Net interest margin rose to 9.7 per cent in Q2FY25 against 9.4 per cent in Q2FY24

Before joining Axis Bank, Chaudhry was leading HDFC Life

Analysts from PL Capital and Axis Capital estimate a slowdown in loan growth to 12%, down from 19% in the previous year, and a dip in deposit growth to 9% from 15%

BoB had reported a net profit of Rs ₹4,253 crore in the year ago quarter (Q2FY24)

The private sector lender had reported a net profit of ₹1,323 crore in the year ago quarter

During the year, the number of branches and employees of foreign banks in India also expanded by 0.6 per cent and 1.4 per cent, respectively

The Kolkata-based lender had posted a net profit of ₹ 721.16 crore for the first quarter last fiscal

Yes Bank’s standalone net profit more than doubled to ₹5.53 billion for the financial second quarter from ₹2.25 billion in the same period a year earlier

NIM moderated 9 basis points sequentially to 4.27 per cent on higher cost of funds

YES Bank targets 17-18% deposit growth, loan growth of 13-14% in FY25; CEO Prashant Kumar says this can be the ‘right time’ to acquire an MFI

SBI Chairman CS Setty accepted the award

For the first half of the fiscal, the bank’s net profit exceeded ₹5,000 crore, totalling ₹5,110 crore, up from ₹3,697 crore

Net interest income grew by 12 per cent to ₹596 crore, up from ₹533 crore a year earlier

Chandra is currently an Executive Director at Canara Bank.

Bank to sell more stake in associate company Equirus Capital, raise ₹1,500 crore via infra bonds in H2

Deposit to continue growing faster than credit in H2FY25

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

Global deposits were ₹13,47,347 crore, up by 9.34 percent, while gross advances reached ₹10,11,997 crore growing by 9.53%

Bank expects its advances and deposits to rise at least 30-50 per cent faster than the banking system

To focus on secured loan products

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

Bank prepared for Canara Robeco listing in Q4

This new facility replaces paper-based BG issuance process with stamping and signatures

Bankers expect pressure on NIM to continue in Q3

The National Urban Cooperative Finance and Development Corporation will help mid and small sized UCBs upgrade their technology architecture and ensure the sector’s money remains within the sector

This new digital service allows customers to update their KYC information without visiting the bank branch, utilising three accessible channels: the IOB website, SMS, or email

The proposed move is part of the Government’s ‘One State-One RRB’ goal

Genisys Group’s service spans digital application lifecycle management, cloud native solutions, data management, digital media operations and business process outsourcing

The agency noted that KVB’s advances grew by 16 per cent year-on-year

Over the last decade, the bank has significantly increased its capital investments, tripling the capital base for Deutsche Bank Group in India

Crosses over 100 million Monthly Transacting Users milestone

This is the first time in many months when the bid amount was higher than the notified amount

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

The profitability comes despite the public sector bank seeing 111 per cent y-o-y jump in loan loss provisions at ₹1,427 crore 

Construction workers across the State have benefited from the free sand policy, he says, adding the NDA government will fulfil all its promises one after the other

Permissions of 89 associations revoked by govt.; officials assure direct payments to workers’ bank accounts from Monday in order to prevent a shortage of sand

Our technology-enabled ecosystem could be making our cities unliveable

New York, NY : Routledge, 2019.

New York : Springer, 2005

Boston, Mass. : Birkhäuser ; 2007

The condition of reserving seats for students from Karnataka has been left to the discretion of the government