Search For "bank"
Kotak Mahindra Bank increases customer base, customer assets by 20% YoY
Updated : 1 year, 8 months ago IST
Kotak Mahindra Bank has reported a significant growth in its financial performance for the first quarter of FY25, with the Profit After Tax (PAT) reaching Rs 6,250 crore, an 81 per cent increase from Rs 3,452 crore in Q1FY24.
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Fiscal consolidation with welfare measures, budget may see a mild increase
Updated : 1 year, 8 months ago IST
The fiscal buffer from the Reserve Bank of India's (RBI) excess dividend, amounting to 0.4 per cent of GDP, is likely to be disproportionately allocated towards the rural, farm, and welfare sectors, with a slight increase in capex.
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Fintech industry seeks collaboration with traditional banking system, eyes
Updated : 1 year, 8 months ago IST
Optimistically waiting for the key announcements of the Union Budget, the fintech sector anticipates provisions to promote fintech and traditional banking systems to come together for a robust financial ecosystem in the country.
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India's forex reserves hit record USD 666.85 Billion, driven by surging go
Updated : 1 year, 8 months ago IST
India's foreign exchange reserves have surged to a record high, reaching a new peak of USD 666.85 billion, according to data from the Reserve Bank of India (RBI).
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Microsoft outage brings essential services the world over to a standstill,
Updated : 1 year, 8 months ago IST
To a large extent, flight operations, banking services, financial services, and hospitals, among other key services, are disrupted globally due to an outage in Microsoft's cloud services. And India is not an exception.
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Only 10 banks/NBFCs had disruptions due to Microsoft outage: RBI
Updated : 1 year, 8 months ago IST
The Reserve Bank of India has asserted that its assessment showed that only 10 banks and NBFCs had minor disruptions due to the Microsoft outage. The disruptions reported in those entities have "either been resolved or are being resolved", RBI said in a statement.
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Long term FDI trend in India will remain positive- Jefferies
Updated : 1 year, 8 months ago IST
The foreign direct inflows in India will continue to surge as long as the "China plus one" strategy combined with the production linked incentive (PLI) schemes are working, highlights a report by Jefferies, an investment banking and capital markets firm.
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India to triple its electronic production by 2025-26: RBI
Updated : 1 year, 8 months ago IST
India's electronic produce has surged to 3 per cent of GDP in 2023-24, highlighted the July 2024, monthly bulletin of the Reserve Bank of India(RBI),
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Household savings are moving to mutual funds from banks impacting their li
Updated : 1 year, 8 months ago IST
The households are choosing the capital markets over the banks to park or invest their savings, highlighted RBI Governor Shaktikant Das during his address at FE Modern BFSI (Banking, Financial Services, and Insurance) Summit 2024 on Friday.
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Bartronics India Limited with Bank of India showcase an innovative banking
Updated : 1 year, 8 months ago IST
Hyderabad (Telangana) [India], July 19: Bartronics India Limited, a leading innovator in the fintech sector, announces its latest expansion drive with one of the largest public sector banks - Bank of India. As a part of their ongoing commitment to the financial inclusion and community develo
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Absa Bank Reaffirms LTIMindtree as a Strategic Technology Partner in its T
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], July 19: LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, today announced a multi-million dollar contract extension with Absa Bank, a leading African financial services group. This reinforces LTIMindtree's posit
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Ajman Crown Prince chairs Ajman Bank BoD meeting, bank records net profit
Updated : 1 year, 8 months ago IST
Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Bank Board of Directors, chaired the meeting held today at the bank's headquarters.
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