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ICICI Bank beats Q4 profit estimates on strong loan growth, but margin shrinks
ICICI-BANK-ICICI Bank beats Q4 profit estimates on strong loan growth, but margin shrinks
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Loan service providers to disclose all loan offers from lender partners: RBI draft rules
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NBFCs focus on customer-centric innovations amid regulatory, technological changes
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BNPL-type practice since the period of Guptas and Mauryas, says former RBI CGM
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What’s rotten in the state of banks’ technology?
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NBFC Connect 2024: Leaders to uncover transformative collaborations
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RBI crackdown on consumer credit surge set to hit bank's co-lending of unsecured loans
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Explainer: How will RBI's action on Kotak Mahindra Bank affect the bank's customers?
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RBI action halts Kotak Bank's digital-only zero-balance saving accounts expansion
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RBL Bank Q4 results: Standalone PAT jumps 30% YoY to Rs 353 crore
RBL Bank Q4 results: RBL Bank posted a 30% increase in net profit, reaching Rs 353 crore for the quarter ending March 31, 2024, compared to Rs 271 crore recorded in the same period last year. Additionally, the profit after tax (PAT) surged by 51% sequentially, rising from Rs 233 crore in the October-December quarter.
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Utkarsh SFB Q4 Results:Net profit jumps 19% YoY to Rs 160 crore on higher total income
The net profit was Rs 134 crore in the year-ago period. Its operating profit was 35% higher at Rs 282 crore against Rs 208 crore in the year-ago quarter, supported by a 32% rise in net interest income at Rs 540 crore.
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IDFC FIRST Bank Q4 profit falls 10% to Rs 724 cr on higher provisions
Total income rose to Rs 9,861 crore from Rs 7,822 crore a year ago, IDFC FIRST Bank said in a regulatory filing. Interest income grew to Rs 8,219 crore during the period under review, from Rs 6,424 crore in the corresponding quarter a year ago. Net Interest Income (NII) grew 24 per cent from Rs 3,597 crore in Q4 FY23 to Rs 4,469 crore in Q4 FY24, it said.
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ICICI Bank beats Q4 profit estimates on strong loan growth, but margin shrinks
ICICI-BANK-ICICI Bank beats Q4 profit estimates on strong loan growth, but margin shrinks
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India Yes Bank posts Q4 profit beat on lower provisions
YES-BANK-India Yes Bank posts Q4 profit beat on lower provisions
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JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained "cautious" about the U.S. economy and said inflation may be stickier for longer and that "stagflation is on the list of possible things" that could happen to the U.S. economy.
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VC investment in India doubles to $3.2 billion across 354 deals in March quarter: report
Fintech attracted investor attention in the country though marked by smaller deal sizes with key transactions such as SK Finance ($160 million), and Perfios ($80 million).
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FPI investment limit in g-sec unchanged at 6% of outstanding stocks of securities for FY25: RBI
The Reserve Bank on Friday said the limits for FPI investment in government securities, state development loans and corporate bonds will remain unchanged at 6 per cent, 2 per cent and 15 per cent, respectively, of outstanding stocks of securities for the current fiscal. As of now, all investments by eligible investors in the 'specified securities' will be reckoned under the fully accessible route (FAR), the RBI said in a notification.
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LVB-DBS deal: HC asks RBI to relook at valuation
The Madras HC has asked RBI to carry out a valuation of shares and assets of DBS Bank India and Lakshmi Vilas Bank as on the date before their amalgamation in Nov 2020. RBI has been asked to take a fresh decision on reduction of the value of shares and writing off the tier-2 bonds, based on the fresh valuation, within four months.
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RBI sets rules for loan e-aggregators
The Reserve Bank of India has updated its guidelines for web aggregators of loans to ensure that consumers get a fair and transparent deal. The RBI has also clarified guidelines on loss default guarantees that can be provided by fintechs to lenders on personal loans they distribute.
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Sebi allows AIFs to pledge shares in invested cos in infra sector
The regulator has also provided additional flexibility to AIFs and their investors to deal with unliquidated investments of their schemes.
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Sebi asks BSE to pay regulatory fee on options contract
BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay differential regulatory fee for the past periods with applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.
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Won't back down, says Religare's Rashmi Saluja amid tiff with Burman family
"I may have agreed that five years ago, I didn't have the experience, but after five years, three successful businesses, a company turnaround and a great team and board to support me, I will not back down," Saluja told ET in an interview. "Any allegations of corporate governance against the board and the management are directly reflected toward the regulators. Our naysayers need to understand that."
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US regulators seize troubled lender Republic First, sell it to Fulton Bank
Regulators seized Republic First Bancorp, selling to Fulton Bank via FDIC. Challenges for regional banks post-collapse of Silicon Valley, Signature, and First Republic. 32 branches in NJ, PA, NY to reopen as Fulton Bank.
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India's SBI Life Insurance reports lower new business margin for FY 2024
The value of new business (VNB) - the expected profit from new policies - rose 9.5% to 55.50 billion rupees ($666.1 million). The VNB margin contracted to 28.1% from 30.1% a year earlier.
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NBFCs focus on customer-centric innovations amid regulatory, technological changes
At the ETBFSI NBFC Connect'24 Summit, NBFC leaders say the adoption of customer-centric strategies, coupled with advanced technologies like Regtech, is poised to strengthen operational resilience and drive sustainable growth in the NBFC sector.
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Gender diversity still a long way away among CFOs as women still remain underrepresented
Despite gender diversity efforts in India, women are underrepresented in CFO roles. Challenges include bias, retention issues, and supply-side constraints. Companies struggle to retain high-potential women, impacting women's rise to top finance roles.
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IIFL Samasta Finance adds three members to its Board
IIFL Samasta Finance, one of India's largest non-banking microfinance companies (NBFC-MFI), has announced the appointment of three members to its Board of Directors.
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PayU's Wibmo building full-stack payment gateway solutions
PayU-owned Wibmo is emerging as a key offering for Naspers-backed PayU which is looking to venture deeper into business payments and enter newer markets.
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Norwest raises $3 billion global fund
The early-to-mid-stage investor that has backed 700 companies globally focuses on three major markets - USA, Israel and India. It has $15.5 billion of assets under management.