Money & Banking

These three new bidders are among the ten applicants who responded to PFRDA’s recent RFP

Apex bank to undertake intensive review of persisting issues; suggest remedial action plan for time-bound action

Shares of Axis Bank on Thursday declined over 2 per cent in early trade after the company reported a 29 per cent decline in December quarter ...

Besides securities, these funds must be allowed to buy bank/NBFC loans, says top banker

PNB Housing Finance Limited (PNBHFL) reported a net profit of ₹232 crore for the third quarter ended December 31, 2020. This was marginally lower to ...

Bank of Baroda (BoB) is planning to raise ₹2,000 crore to ₹4,000 crore via a qualified institutions placement (QIP) in the current quarter ending ...

acre, ares ssg, Capri Global, Kotak Special Situation Fund, avenue capital

Bank of India (BoI), on Wednesday, raised ₹750 crore via Basel III-compliant Additional Tier 1 (AT-1) bonds of five year tenor at a coupon rate of ...

GMR Hyderabad International Airport Limited (GMRHIAL) has successfully priced $300-million bond in the international bond market through a purchase ...

Bank of Baroda (BoB) reported a standalone net profit of ₹1,061 crore in the third quarter against a net loss of ₹1,407 crore in the year-ago ...

With growth in CASA, retail deposits and cash recovery, Canara Bank has posted 88.54 per cent higher profits on a consolidated basis for the third ...

Private sector ICICI Prudential Life Insurance registered a 1.02 per cent growth in net profit at ₹305.55 crore in the third quarter of this fiscal ...

Lending platform Revfin, in partnership with SmartE, which runs electric three-wheeler taxi fleets, has received an undisclosed amount of funding ...

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Swaminathan Janakiraman as Managing Director of State Bank of India, ...

Private sector lender Axis Bank reported a 36.4 per cent drop in net profit in the third quarter of this fiscal despite a robust rise in net interest ...

A 69% decline in bad loans provisioning and a 55% increase in trading gains helped boost the bottom line.

Compared to earlier view of 6-8% of borrowers at the system-level looking to get their loans restructured, only a handful of entities in ICRA’s portfolio applied for the same

Canara Bank has posted an 88.54 per cent increase in profits for the third-quarter (Q3) of 2020-21 on a consolidated basis at Rs 749.73 crore as ...

Proposals to appoint auditors by rotation, requirements to disclose information such as the incidence of covenant breaches and asset quality divergence are credit positive

Law firm J Sagar says it can’t vouch for the accuracy of information, data

Saral Pension will auger well for post-retirement plans

The Hongkong and Shanghai Banking Corporation (HSBC) on Tuesday inaugurated its International Banking Unit (IBU) branch at Gujarat International ...

Having tripartite agreements could boost lender confidence in participation in infrastructure projects: PR Jaishankar

Public Sector Banks (PSBs) may require up to ₹43,000-crore capital during FY22 not only for growth but also to replace Additional Tier I (AT-I) bonds ...