Search For "bank"
Afghanistan: People raise concern over humanitarian crisis as winter appro
Updated : 3 years, 4 months ago IST
As the winter season is coming closer, Afghanis' concern for the humanitarian crisis and dealing with hardships with poverty have also grown.
Read More
Currency in circulation declines in Diwali week for first time in 20 years
Updated : 3 years, 4 months ago IST
The report said, "In a remarkable development, for the first time in 20 years, currency in circulation declined during the Diwali week. The innovations in technology have changed the Indian payment system. Over the years, the Indian cash lead economy now has changed to smart-phone lead payme
Read More
Ujjivan Small Finance Bank posts highest quarterly profit at Rs 294 cr
Updated : 3 years, 4 months ago IST
Sequentially, Ujjivan Small Finance Bank's net profit increased nearly 45 per cent from Rs 203 crore in the quarter ended June 2022. In the reviewed quarter, total income rose 63 per cent to Rs 1,139.83 crore, against Rs 699.74 crore in the year-ago period.
Read More
Jump in digital significantly slowed down growth of currency in circulatio
Updated : 3 years, 4 months ago IST
Ghosh said as percentage of gross domestic product (GDP), CIC was now at 11.8 per cent, less than 12.1 per cent in FY16 and significantly lower than the nominal GDP growth. He also added that it is an absurdity in quoting absolute numbers of currency in circulation (CIC) then and now.
Read More
Indian Overseas Bank profit jumps 33 pc in second quarter
Updated : 3 years, 4 months ago IST
The Chennai-headquartered lender said its total income grew by 15 per cent on a year-on-year basis, to Rs 5,852.45 crore, against Rs 5,090.72 crore in the year-ago period. Of which, interest income grew by 11 per cent during this reviewed period to Rs 4,717.61 crore.
Read More
RBI could continue to intervene in forex markets if uncertainty on more ra
Updated : 3 years, 4 months ago IST
In this context, Gaurang Somaiya, forex and bullion analyst, MOFSL, said, "The central bank has accumulated these reserves to be utilised in these kinds of situations," and added that investors are on the edge at this point as there are a lot of moving parts which are impacting the market.
Read More
SBI shares surge nearly 4% to record high of Rs 622 apiece
Updated : 3 years, 4 months ago IST
The lender posted a surge of 74 per cent in its net profit to Rs 13,264 crore for the quarter ended September, against Rs 7,627 crore in the year-ago period, on the back of robust loan sales, higher interest income and lower provisions. In five days, the stocks of the lender have managed to
Read More
Customer protection lies at core of microfinance regulation, says RBI Depu
Updated : 3 years, 4 months ago IST
RBI Deputy Governor M. Rajeshwar Rao made the remarks while delivering the keynote address at the launch of MFIN's India Microfinance Review in Mumbai on Friday.
Read More
Why should you have a Demat Account?
Updated : 3 years, 4 months ago IST
New Delhi [India], November 7 (ANI/AB Digital Media): Do you remember the piggy bank? Yes, exactly - the one that held all of your coins, the change from when you went to the store, and so much more. What happened to the piggy bank? Have any clue - well, we digitized!
Read More
Cash with public up over 70 pc since demonetization, Congress says the mov
Updated : 3 years, 4 months ago IST
The currency with the public is now over 70 per cent higher than in comparison to that of the initial demonetization period. On November 4, 2016, the currency with the public was reported to be at Rs 17.77 lakh crore.
Read More
RJD made dent in BJP's core vote bank: Tejashwi Yadav on party's defeat in
Updated : 3 years, 4 months ago IST
In the Gopalganj constituency, RJD's Mohan Prasad Gupta was defeated by BJP candidate Kusum Devi with a margin of 1,794 votes despite taking an early lead and witnessing a neck-and-neck fight here.
Read More
African countries face heat as China slows down lending
Updated : 3 years, 4 months ago IST
Economic growth in Sub-Saharan Africa is set to decelerate from 4.1 per cent in 2021 to 3.3 per cent in 2022, as a result of a slowdown in global growth, rising inflation exacerbated by the war in Ukraine, adverse weather conditions, a tightening in global financial conditions, and the risin
Read More