The net profit of public sector banks has surpassed that of private sector banks by a wide margin on a Year-on-Year basis, highlighted a report by the State Bank of India.
Mumbai (Maharashtra) [India], October 5: IDFC FIRST Bank is pleased to announce its integration with the Goods and Services Tax (GST) portal, enabling seamless GST payments. Customers will now benefit from an intuitive, hassle-free payment experience, with instant payment confirmations and e
Tight liquidity conditions and strong credit growth, outpacing deposit accumulation, have prompted banks to turn to bond markets to meet their funding requirements. As of FY2025 year-to-date (YTD), banks have issued Rs. 767 billion in bonds, reflecting a 225 per cent year-on-year increase an
Mumbai (Maharashtra) [India], September 19: Paisabazaar, India's leading online marketplace for consumer credit and free credit score platform, has partnered with YES BANK, India's sixth largest private sector bank, to unveil their co-branded credit card - YES BANK Paisabazaar PaisaSave Cred
New Delhi [India], September 10: Max Life Insurance Company Ltd. ("Max Life" / "Company") announces a strategic bancassurance partnership with CSB Bank ("CSB"), a premier private sector bank in India. Through this partnership, Max Life and CSB Bank are offering a range of savings, protection
The credit growth in the Indian banks will continue to be more than the deposit growth, a report by the 'Axis Securities' has said while also noting that bank deposit growth will pick up in the coming quarters.
Mumbai (Maharashtra) [India], August 10: Axis Bank, one of the largest private sector banks in India, continues to strengthen its relationship with customers by launching the second edition of its customer-centric initiative 'Sparsh Week 2024'. During this week, commencing from August 5th to
New Delhi [India], July 29: NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a subsidiary of NIIT, today announced the launch of the "ACE Banker Program" in collaboration with HDFC Bank, India's largest private sector bank. A key component of NIIT's Talent Pipeline as a Service
Private sector banking major, ICICI Bank has posted a net profit growth of 14.6 per cent year-on-year (YoY) in the first quarter of financial year 2025 (Q1FY25), reaching to Rs 11,059 crore.
Secretary at Department of Financial Services (DFS), Vivek Joshi, chaired a review meeting on the progress and performance of financial inclusion schemes, including PM SVANidhi, PM Vishwakarma and Jan Samarth Portal with senior executives of private sector banks in the national capital on Tu
The data highlights a surge in the market capitalization of private sector banks for the three months ending June 30, with the sector showing stronger metrics compared to their public sector counterparts.
Mumbai (Maharashtra) [India], May 31: Federal Bank, a prominent private sector bank in India, announced a Bancassurance tie-up with Tata AIA Life Insurance Co Ltd, one of India's leading life insurance companies. This strategic alliance aims to provide Federal Bank's customers, access to Tat