Higher Provisioning Weighs On Earnings Of Axis Bank
While the lender’s stable bad loans is a positive sign, higher slippages and write-offs need to be watched Read more
DHFL Defaults On NCDs
Cash-strapped Dewan Housing Finance Corporation Ltd (DHFL) on Tuesday said it has defaulted on five-year secured non-con... Read more
East And North-East, Banking On UBI
The odyssey of Comilla Banking Corporation (1914), which metamorphosed into United Bank of India (1950) with the amalgam... Read more
SBI Tweaks Guidelines For Basic Savings Deposits
State Bank of India (SBI) has fine-tuned its own basic savings bank deposit (BSBD) policy, acting on cue from a recent R... Read more
Muthoot Capital Net ₹13 Cr In Q1
Muthoot Capital Services posted a net profit of ₹13.6 crore in Q1 of FY20, against ₹17.5 crore in the same quarter ... Read more
United Bank Of India Posts Rs 105 Cr Profit In Q1 As NPAs Decline
Backed by a steady decline in non-performing assets, improvement in net interest income, trading profit, and higher reco... Read more
Truecaller Rolls Out New Version After Bug Signed Up Users For UPI Without Consent
Popular caller ID app Truecaller, on Tuesday, admitted to a bug on its platform that signed up users for UPI accounts wi... Read more
Axis Bank Net Zooms 95% To ₹1,370 Cr In Q1
Private sector lender Axis Bank's net profit nearly doubled in the first quarter of the fiscal, led by strong growth in ... Read more
Bank Of India Q1 Profit Rises 156% On Lower Provisioning
Bank of India (BoI) reported a 156 per cent jump in first quarter standalone net profit on the back of robust growth in... Read more
RBI Relaxes ECB End-use Policy To Boost Economy
In a bid to give a leg-up to the slowing economy, the Reserve Bank of India on Tuesday relaxed the end-use restrictions ... Read more
Tax Planning For This Year And Beyond
Tax planning for this year and going forward, with highlights from the TCJA. Read more
Cholamandalam Investment Q1 Net Profit Increases To ₹314 Cr
Murugappa group-owned Cholamandalam Investment and Finance Company recorded a 10 per cent growth in net profit in the ... Read more
Union Bank To Cut MCLR By 5-20 Bps From Aug 1
Union Bank of India on Tuesday said it will reduce its Marginal Cost of funds-based Lending Rate (MCLR) by 5-20 basis po... Read more
Why SBI Slashing Deposit Rates, May Not Lead To Huge Cuts By Private Banks
Strong credit offtake and pressure on deposit growth could limit rate actions Read more