Pragatti Oberoi
Stories By Pragatti Oberoi
Mahindra Finance To Focus On Affordable Housing As Rural Business Takes A HitThe ambition is to take its book from the current Rs 7,000–8,000 crore to Rs 20,000 crore in the next three years, Iyer said
MPC Meeting 2024: RBI Wary Of Growth In Top-Up Loans By LendersRBI Governor Das added that such practices of dolling out top-up loans lead to funds being deployed for speculative purposes.
Pine Labs Launches UPISetu For All Merchant UPI PaymentsThe product, which has been launched by Setu, has been done in partnership with Axis Bank Ltd. and would aid all forms of UPI payments, even for businesses and developers.
CS Setty To Take Charge As SBI Chairman From Aug. 28CS Setty, who is currently the managing director of SBI, will succeed the current chairman Dinesh Kumar Khara, whose term ends.
RBI Proposes New Rules For Algo-Based LendingThe draft circular laid out the guidelines for all lenders as model outputs are exposed to certain uncertainties and prudence is important.
- SBI Q1 Results Review: Monitoring High Credit Costs, Retail Delinquencies Key, Say Analysts
The public sector lender reported a 0.89% year-on-year rise in net profit to Rs 17,035 crore in the first quarter of fiscal 2025.
- SBI Q1 Results Review: Monitoring High Credit Costs, Retail Delinquencies Key, Say Analysts
The public sector lender reported a 0.89% year-on-year rise in net profit to Rs 17,035 crore in the first quarter of fiscal 2025.
SBI Q1 Results: Profit Up 0.89%, Total Expenses RiseThe core income for the public sector lender rose 5.7% year-on-year.
RansomEXX Group Behind Ransomware Attack On C-Edge Technologies, Says CloudSEKWhile the situation is evolving, negotiations are ongoing with the ransomware group, the CloudSEK report said.
RBI Releases Draft Rules For Aadhaar Enabled Payment SystemThe draft guidelines have been issued for comments and feedback from industry participants, which can be sent by Aug. 31.
Bank Of Baroda Q1 Results: Profit Rises 9.5% On Lower ProvisionsThe public sector lender's standalone net profit rose 9.5% year-on-year to Rs 4,458.1 crore in the quarter ended June 2024.
- Bank Of Baroda Q1 Results: Profit Rises 9.5% On Lower Provisions
The public sector lender's standalone net profit rose 9.5% year-on-year to Rs 4,458.1 crore in the quarter ended June 2024.
Paytm Shifts Nodal Account To Axis Bank, Says Soundbox To Work Beyond March 15One97 Communications announced that by opening an escrow account, Paytm has shifted its nodal account.
Paytm Gets Government Nod To Apply For Payment Aggregator LicenseThe government clearance also means that Paytm can now approach the Reserve Bank of India to get the necessary approvals for a payment aggregator license.
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IndusInd Bank Q1 Results Review: Microfinance Book Poses Near-Term Concern, Say AnalystsThe stock rose as much as 2.31% in early trade to Rs 1,436 apiece on the NSE.
- IndusInd Bank Q1 Results Review: Microfinance Book Poses Near-Term Concern, Say Analysts
The stock rose as much as 2.31% in early trade to Rs 1,436 apiece on the NSE.
Bandhan Bank Q1 Results Review: Rising Stress In MFI Poses Risk, New CEO Appointment AwaitedThe lender's standalone net profit rose 47.4% year-on-year to Rs 1,063.4 crore. Net interest income, or core income, rose 20.6% year-on-year to Rs 3,005.1 crore.
- Bandhan Bank Q1 Results Review: Rising Stress In MFI Poses Risk, New CEO Appointment Awaited
The lender's standalone net profit rose 47.4% year-on-year to Rs 1,063.4 crore. Net interest income, or core income, rose 20.6% year-on-year to Rs 3,005.1 crore.
IndusInd Bank Q1 Results: Profit Up 2%, Operating Expenses RiseIndusInd Bank consolidated net profit rose 2% year-on-year to Rs 2,171 crore in the quarter ended June 2024.
ICICI Bank Q1 Results Review: Credit Costs May Inch Up But Growth Trajectory To ContinueMiddle and senior management attrition is another key development to look out for, analysts said.