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SN Rajeswari appointed as Oriental Insurance CMD

The Centre has appointed S.N.Rajeswari as the Chairman-cum-Managing Director of Oriental Insurance Company Ltd, a state owned general insurer.Prior to ...

Focus on inflation over growth at next policy review meet: Viral Acharya to RBI

The former RBI Deputy Governor also reiterated the demand for re-privatisation of the state-run lenders

Capri Global Capital plans to apply for Small Finance Bank licence

Our Bureau The board of directors of Capri Global Capital, on Friday, granted in-principle approval to explore the possibility of applying for a Small ...

IFIN: NFRA orders against Deloitte partners to be on hold for now

The recent separate disciplinary orders of Audit regulator National Financial Reporting Authority (NFRA) against Deloitte Haskins & Seles (DHS) ...

ICICI Pru MF launches ETF on Nifty Alpha Low Volatility index

NFO opens on August 3

Motilal Oswal AMC appoints Navin Agarwal as MD

Motilal Oswal Asset Management Company has appointed Navin Agarwal as MD and CEO, with the incumbent Aashish Somaiyaa putting in his papers.Motilal ...

UCO Bank posts ₹21-cr Q1 profit

UCO Bank posted a net profit of ₹21 crore for the quarter ended June 30, 2020, when compared to a net loss of ₹601 crore in the same period last year.

Ujjivan SFB Q1 net profit down 42% at ₹54.65 crore

Ujjivan Small Finance Bank reported a 42.1 per cent drop in its net profit for the first quarter of the fiscal at ₹54.65 crore as against ₹94.48 crore ...

SBI Q1: Strong growth in net interest income, rise in Covid provisions lend comfort

... but weak credit growth a lingering concern

UCO Bank posts Q1 net profit of ₹21 crore

UCO Bank has posted a net profit of ₹21 crore for the quarter ended June 30, 2020, when compared to a net loss of ₹601 crore in the same period last ...

‘Asymptomatic’ State Bank sees Q1 profit zoom 81% to ₹4,189 cr

Gains from lower loan loss provision, insurance arm sale

Negative real rate unlikely to hurt household financial savings: Report

‘People are parking more money in liquid bank deposits rather than in financial savings’

Kotak Mahindra Bank launches two-month campaign with offers, discounts

Partners with over 100 brands to provide deals to customers across various categories

LIC reports 12.42% increase in total premium income in FY20

Settled 561 Covid death claims

Investors may warm up to other Indian bonds with 10-year deluge

There’s so much supply of benchmark 10-year bonds in India that investors are starting to look for refuge in other tenors.That’s becoming evident as ...

RBI extends directions for three Maharashtra urban co-op banks

The Reserve Bank of India on Thursday extended its directions for three Maharashtra-based urban co-operative banks — Maratha Sahakari Bank, The Kapol ...

Banks must take some calculated risks to ensure economic recovery: Central Bank MD

Banks should not be too risk-averse and should take judicious decision to lend based on available information.According to Pallav Mohapatra, MD & ...

Lakshmi Vilas Bank posts net loss of ₹112 crore in Q1

Our Bureau Private sector lender Lakshmi Vilas Bank (LVB) on Thursday posted a year-on-year net loss of ₹112.28 crore for the first quarter of FY21 ...

Cholamandalam’s Q1 net jumps 37% to ₹431 crore

Murugappa group’s Cholamandalam Investment and Finance Company recorded a 37 per cent increase in its net profit at ₹431 crore for the quarter ended ...

Decision to rescue YES Bank was jointly taken by public and private banks along with RBI: HDFC chief

The decision to rescue and revive YES Bank was jointly taken by public sector and private banks, along with the Reserve Bank of India, as it could ...

Partha Pratim Sengupta is the new MD & CEO of IOB

Partha Pratim Sengupta has taken charge as the Managing Director & Chief Executive Officer of Chennai-headquartered Indian Overseas Bank (IOB) ...

SHISHU Loans: BoB rolls out 2% interest subvention scheme

Bank of Baroda (BoB) has rolled out a scheme for two per cent interest subvention for 12 months for SHISHU category of borrowers under MUDRA ...

JM Financial net declines 26.5 per cent to ₹93.6 cr on additional Covid-19 provisioning

JM Financial Group on Thursday reported a 26.5 per cent decline in its consolidated net income to ₹93.61 crore for the June 2020 quarter, impacted by ...

Will the 10-year G-Sec issued in May lose shine?

The current financial year’s first 10-year Government Security (G-Sec), issued in early May 2020, could lose its shine as the government has decided ...

HDFC posts 5% drop in Q1 net profit

Our BureauThe country’s largest mortgage lender – Housing Development Finance Corporation (HDFC) – reported a 4.7 cent drop in standalone net profit ...

PMC Bank depositors seek access to funds, urge PM to intervene to revive lender

The clock is ticking on the reconstruction/revival/ merger of scam-hit Punjab & Maharashtra Co-operative (PMC) Bank in the backdrop of close to 40 ...

Max Financial Services Q1 net surges 235%

Aided by the strong performance of its life insurance subsidiary Max Life Insurance, Max Financial Services Ltd (MFSL) has reported a 235 per cent ...

HDFC Q1: Slowdown in retail loan growth, asset quality risk need a watch, though strong capital ratios lend comfort

Fall in loans under moratorium, improving disbursements and strong deposit growth are positives

Karur Vysya Bank net profit up 45 per cent in Q1

Karur Vysya Bank’s net profit at the end of the first quarter of the current fiscal rose 45.2 per cent to ₹106 crore, compared to ₹73 crore during the ...

Craft Silicon, PayU announce strategic tie-up to advance digital loan repayment

Craft Silicon, a global financial software solution provider, announces a strategic association with PayU, India’s online payment solutions ...

HDFC reports 4.7% drop in Q1 net profit

The country’s largest mortgage lender -- Housing Development Finance Corporation (HDFC) Ltd reported a 4.7 cent drop in its standalone net profit in ...