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Are banks closed today?, BFSI News, ET BFSI

Are banks closed today?, BFSI News, ET BFSI

Amid continuous farmer demonstrations calling for the enactment of laws about minimum support prices (MSPs) and other agricultural reforms, Samyukat Kisna and the Kisan Mazdoor Morcha have unitedly called for a Bharat Bandh on February 16, 2024, as per an Economic...

Private equity funds close in on deal, ET BFSI

Private equity funds close in on deal, ET BFSI

Mumbai | Kolkata: Bain Capital, Advent International and CVC Capital are among the private equity funds that are competing to buy Shriram Housing Finance Ltd (SHFL), an arm of Chennai-based non-banking finance company (NBFC) Shriram Finance, said people with knowledge...

Here’s how you can check status, ET BFSI

Here’s how you can check status, ET BFSI

The share allotment of Jana Small Finance Bank is likely to be finalised today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.They can check the allotment status through the BSE or by visiting the...

Here’s how you can check status, ET BFSI

Here’s how you can check status, ET BFSI

The share allotment of Capital Small Finance Bank will likely be finalised today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.They can check the allotment status through the BSE or by visiting the...

Consumer Panel, BFSI News, ET BFSI

Consumer Panel, BFSI News, ET BFSI

Raipur: The Chhattisgarh State Consumer Disputes Redressal Commission has upheld a district commission's order, stating that the State Bank of India (SBI) has committed gross negligence and deficiency in service, facilitating an illegal withdrawal of Rs 1,33,890...

Finmin to PSU banks, ET BFSI

Finmin to PSU banks, ET BFSI

Financial Services Secretary Vivek Joshi has asked public sector banks and insurance companies to deal with sensitivity the cases of trade finance and insurance to exporters who are facing problems on account of the Red Sea crisis. "In view of the Red Sea crisis, we...

Here’s all you need to know, ET BFSI

Here’s all you need to know, ET BFSI

Jana Small Finance Bank is coming up with its maiden public offer, which will open for subscription on February 7. The issue closes on February 9. The company had received approval for the Rs 570 crore IPO in November last year. Jana SFB boasts of marquee investors...

3 key factors behind D-Street rally, ET BFSI

3 key factors behind D-Street rally, ET BFSI

Indian headline indices traded in the green on Friday led by strong gains in bank and IT stocks tracking its Asian peers.While the S&P BSE Sensex was trading at 72,486, up by 841 points, the broader Nifty at 21,948, higher by 250 points, at 9.26 am.The bias was...

Dinesh Kumar Khara, SBI, ET BFSI

Dinesh Kumar Khara, SBI, ET BFSI

Dinesh Kumar Khara, Chairman, SBI, says “deposit in the economy is a function of the overall liquidity in the system that is one part of the story. The other part is that if it is not in the banking system, it is either in mutual funds or life insurance. So the fact...

Net Profit Falls, BFSI News, ET BFSI

Net Profit Falls, BFSI News, ET BFSI

India's Dhanlaxmi Bank Dec-Quarter Net Profit Falls Updated On Feb 2, 2024 at 04:22 PM IST Dhanlaxmi Bank Ltd:* INDIA'S DHANLAXMI BANK DEC-QUARTER NET PROFIT 30.5 MILLION RUPEES VERSUS 217.3 MILLION RUPEES* DHANLAXMI BANK DEC-QUARTER GROSS NPA 4.81%* DHANLAXMI BANK...

Consolidated Net Profit Rises, ET BFSI

Consolidated Net Profit Rises, ET BFSI

Satin Creditcare Network Dec-Quarter Consol Net Profit Rises Published On Feb 2, 2024 at 05:20 PM IST Satin Creditcare Network Ltd:* SATIN CREDITCARE NETWORK LTD DEC-QUARTER CONSOL NET PROFIT 1.13 BILLION RUPEES VERSUS 587.1 MILLION RUPEES* SATIN CREDITCARE NETWORK...

Consolidated Profit Rises, ET BFSI

Consolidated Profit Rises, ET BFSI

Aptus Value Housing Finance India Dec-Quarter Consol Profit Rises Updated On Feb 1, 2024 at 05:16 PM IST Aptus Value Housing Finance India Ltd :* DEC-QUARTER CONSOL PROFIT 1.58 BILLION RUPEES VERSUS PROFIT 1.26 BILLION RUPEES* DEC-QUARTER CONSOL TOTAL REVENUE FROM...

Consolidated Profit Rises, BFSI News, ET BFSI

Consolidated Profit Rises, BFSI News, ET BFSI

Aavas Financiers Dec-Quarter Consol Profit Rises Updated On Feb 1, 2024 at 05:42 PM IST Aavas Financiers Ltd:* DEC-QUARTER CONSOL PROFIT 1.17 BILLION RUPEES VERSUS PROFIT 1.07 BILLION RUPEES* DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 5.08 BILLION RUPEES VERSUS...

Interim Budget 2024, ET BFSI

Interim Budget 2024, ET BFSI

The proposal to create an Entity DigiLocker for MSMEs, large business and charitable trusts is closer to being operationalised, said the Interim Budget 2024. Entity DigiLocker is expected to help businesses store and share documents online securely, whenever needed,...

Net Profit Rises, BFSI News, ET BFSI

Net Profit Rises, BFSI News, ET BFSI

City Union Bank Ltd:* CITY UNION BANK DEC-QUARTER NET PROFIT 2.53 BILLION RUPEES VERSUS PROFIT 2.18 BILLION RUPEES* CITY UNION BANK DEC-QUARTER INTEREST EARNED 13.26 BILLION RUPEES VERSUS 12.06 BILLION RUPEES* CITY UNION BANK DEC -QUARTER GROSS NPA 4.47% VERSUS 4.66%...

Consolidated Net Profit Falls, ET BFSI

Consolidated Net Profit Falls, ET BFSI

Aditya Birla Capital Dec-Quarter Consol Net Profit Falls Updated On Feb 1, 2024 at 05:15 PM IST Aditya Birla Capital Ltd:* ADITYA BIRLA CAPITAL DEC-QUARTER CONSOL NET PROFIT 7.36 BILLION RUPEES VERSUS PROFIT 32.69 BILLION RUPEES* ADITYA BIRLA CAPITAL LTD DEC-QUARTER...

FM Nirmala Sitharaman, ET BFSI

FM Nirmala Sitharaman, ET BFSI

New Delhi [India], February 1 (ANI): Union Finance Minister Nirmala Sitharaman on Thursday has announced that PM SVANIDHI, a flagship initiative focusing on street vendors has extended credit assistance to 78 lakh street vendors across the country."PM SVANIDHI has...

Assets under management grow by 20.7%, ET BFSI

Assets under management grow by 20.7%, ET BFSI

MUMBAI - Indian non-banking finance company Shriram Finance expects its assets under management (AUM) to grow at 15% in fiscal 2025 from around 20% expected in the current year ending March 31, its executive vice chairman said on Monday."For this year, we may end up...

PSU banks vs private banks, ET BFSI

PSU banks vs private banks, ET BFSI

Home loan interest rates vary with each individual and it also depends on their credit score, income, tenure type of interest, Loan-to-Value (LTV) ratio, MCLR, RLLR etc,. When choosing a home loan, keeping these things in mind can help you acquire the best loan...

Net Profit Falls, BFSI News, ET BFSI

Net Profit Falls, BFSI News, ET BFSI

CSB Bank Ltd:* Q3 NET PROFIT 1.5 BILLION RUPEES VERSUS 1.56 BILLION RUPEES* Q3 GROSS NPA 1.22% VERSUS 1.27% PREV QUARTER* Q3 INTEREST EARNED 7.62 BILLION RUPEES VERSUS 5.92 BILLION RUPEES* Q3 PROVISIONS & CONTINGENCIES WRITE-BACK 45.4 MILLION RUPEES VERSUS...

Key factors behind the market rally, ET BFSI

Key factors behind the market rally, ET BFSI

After opening in the green, Indian benchmark indies Sensex and Nifty extended their gains sharply on the back of buying action in banking counters and firm global market cues. The BSE Sensex rose 1100 points to 71,800 level while the Nifty50 crossed the 21,650 mark in...

MD Shanti Lal Jain, ET BFSI

MD Shanti Lal Jain, ET BFSI

Chennai: Public sector Indian Bank is engaged in floating a wholly-owned subsidiary with a capital infusion of Rs 10 crore and it is expected to commence operations in the next financial year, a top official said here on Thursday. The subsidiary would largely focus on...

6 money changes in February 2024, ET BFSI

6 money changes in February 2024, ET BFSI

With Budget 2024 being around, there are also many other updates and changes which will see impact the financial matters. So, make sure you are aware of these changes and act accordingly. Here's a look at some of the major changes including NPS partial withdrawal,...

MD Shanti Lal Jain, ET BFSI

MD Shanti Lal Jain, ET BFSI

Chennai: Public sector Indian Bank is engaged in floating a wholly-owned subsidiary with a capital infusion of Rs 10 crore and it is expected to commence operations in the next financial year, a top official said here on Thursday. The subsidiary would largely focus on...

6 factors behind the selloff today, ET BFSI

6 factors behind the selloff today, ET BFSI

Dragged by losses in index heavyweights and IT and banking counters, the equity benchmark indices swung back to losing ways on Thursday ahead of the monthly F&O expiry later today. Weak earnings from Tech Mahindra weighed on tech stocks while banking stocks...

Consolidated Net PAT Falls, ET BFSI

Consolidated Net PAT Falls, ET BFSI

IndoStar Capital Finance Ltd:* APPROVED ISSUE OF NON-CONVERTIBLE DEBENTURES WORTH UPTO 75 BILLION RUPEES THROUGH PRIVATE PLACEMENT* INDOSTAR CAPITAL FINANCE DEC-QUARTER CONSOL PAT 168.7 MILLION RUPEES VERSUS PROFIT 366.6 MILLION RUPEES* INDOSTAR CAPITAL FINANCE...

Net Profit Rises, BFSI News, ET BFSI

Net Profit Rises, BFSI News, ET BFSI

Karnataka Bank Ltd:* DEC-QUARTER NET PROFIT 3.31 BILLION RUPEES VERSUS PROFIT 3.01 BILLION RUPEES* DEC-QUARTER GROSS NPA 3.64% VERSUS 3.47% PREV QUARTER* DEC-QUARTER INTEREST EARNED 21.13 BILLION RUPEES VERSUS 18.51 BILLION RUPEES* DEC-QUARTER PROVISIONS AND...