Access To Funds A Major Challenge For MSMEs
International MSME Day 2020 is more of a sombre occasion requiring introspection instead of celebration. The pandemic ha... Read more
UCO Bank Q4 Net Profit At ₹16.78 Crore As NPAs Drop
Public sector lender UCO Bank on Friday reported net profit of ₹16.78 crore for the fourth quarter ended March 31, 202... Read more
PhonePe Partners With ICICI On UPI Multi-Bank
The new version of the app to add or create ICICI Bank’s UPI ID will be gradually rolled out to the users in the comin... Read more
If Not For Provisions, We Would Have Reported ₹200 Crore In Profit: Bank Of Maharashtra Chief
Bank of Maharashtra (BoM) would have posted higher profit in the fourth quarter of FY20, but for the conscious decision ... Read more
Karnataka Bank Board Members Opt For Cut In Sitting Fees
The directors on the board of Karnataka Bank have decided to take a cut in their sitting fees for board and committee me... Read more
Arohan Financial Services Looking To Raise ₹500 Crore In PE Funding
Kolkata-based microfinance institution (MFI) Arohan Financial Services Ltd is looking to raise close to ₹500 crore thr... Read more
Now, RBI Can Frame A Reconstruction Schemewithout Imposing Moratorium On Withdrawals
Call this a fallout of the recent YES Bank debacle and its subsequent rescue episode. The Centre has now decided to empo... Read more
CBI Chargesheets Rana Kapoor, Kapil Wadhawan In YES Bank Fraud Case
The Central Bureau of Investigation has filed a chargesheet against Rana Kapoor, Kapil Wadhawan and their kin in the YES... Read more
Exim Bank Profit Rises 51% In FY20
Export-Import Bank of India (Exim Bank) reported a 51 per cent increase in net profit at ₹124 crore in the year ended ... Read more
IOB Posts ₹144-crore Net Profit In Q4
Indian Overseas Bank (IOB) has reported a turnaround in its operations as the Chennai-headquartered PSB posted a net pro... Read more
UCO Bank Says 25-30 Per Cent Of Borrowers Opted For Moratorium
Public sector UCO Bank said on Thursday that 25 to 30 per cent of its borrowers have opted for the moratorium which was ... Read more
Yes Bank, UDMA Technologies Launch Digital Wallet Yuva Pay
Yes Bank announced on Thursday the launch of ‘Yuva Pay, a digital wallet, in partnership with UDMA Technologies to ena... Read more
IRDAI Sets Up Panel On Insurance For Use Drones
The Insurance Regulatory and Development Authority of India (IRDAI) has formed a working group to suggest insurance prod... Read more
IOB Back In Black, Posts ₹143.79 Cr Net Profit In Q4
Indian Overseas Bank (IOB) swung into black, posting a net profit of ₹143.79 crore in the quarter ended March 2020 as ... Read more
Bank Of India Posts Net Loss Of ₹3,571 Crore In Q4 On Sharp Rise In Loan-loss Provisions
Bank of India (BoI) slipped into the red, reporting a net loss of ₹3,571 crore in the fourth quarter ended March 31, 2... Read more