Finance

Punjab & Sind Financial institution, which celebrated its one hundred and fifteenth basis day on June 24, 2022, reported a web revenue of Rs 1,039 crore for FY 22. Swarup Kumar Saha, MD & CEO, mentioned aside from different IT-related initiatives, the financial institution has launched a particular PSB Grih …

Non-banking monetary corporations (NBFCs) and fintech lenders could look to discover the bank card route to achieve out to new prospects, now that the pay as you go card mannequin has been junked because of a regulatory stricture. Individuals within the business pointed to Reserve Financial institution of India’s (RBI) …

Demand for working capital is about to rise in India on account of the federal government’s infrastructure push and the manufacturing linked incentive (PLI) scheme, Michael Spiegel, world head, transaction banking, Commonplace Chartered Financial institution, instructed Shritama Bose. India is a crucial marketplace for the financial institution and it is …

ICICI Financial institution will preserve its sturdy market place and market capitalisation over the subsequent 12-18 months, S&P World Rankings stated on Monday, and affirmed its long-term issuer credit standing ‘BBB-‘ with a steady outlook. The worldwide rankings agency stated the personal sector lender is more likely to maintain enhancements …

HDFC Life Insurance coverage Co Ltd is in talks with the Insurance coverage Regulatory and Growth Authority of India (Irdai) to permit life insurance coverage corporations to promote different regulated monetary merchandise, Deepak Parekh, chairman of the life insurance coverage firm mentioned in its twenty second annual common assembly. The …

Web curiosity margins (NIM) of Indian banks are anticipated to extend at a quicker tempo in comparison with its friends within the rising markets within the present monetary yr on account of rising coverage price cycle, credit score scores company Moody’s Investor Service stated in a report. Usually, rate of …

By Shashank Didmishe Bank card spends within the banking system bounced again in Could on a year-on-year foundation after witnessing a contraction in April led by wholesome enchancment in transactions on the e-commerce and point-of-sales (PoS) terminals. Total bank card spending grew by 8% month-on-month in Could to Rs 1.14 …

Bajaj Finserv Ltd organised the third version of its hackathon, HackRx. The annual occasion brings collectively college students throughout India who compete towards the brightest minds, and are mentored by high leaders from the trade for growing enterprise options. The third version of the two-day hackathon in Pune noticed registrations …

By Shashank Didmishe The Reserve Financial institution of India (RBI) on Friday prolonged the deadline for retailers to delete the cardboard storage information of their prospects underneath the card-on-file tokenisation system by three months until September 30. That is the third time the central financial institution has prolonged the timeline …

The Reserve Financial institution of India’s (RBI) is believed to be analyzing the “purchase now pay later” (BNPL) companies and pre-paid fee devices (PPIs) equivalent to wallets. The central financial institution is anxious about PPIs being loaded by traces of credit score, because it may end in systemic dangers. New …