The 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
Set as Trusted Source
on Google Search
The 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
RBI Governor Das added that such practices of dolling out top-up loans lead to funds being deployed for speculative purposes.
The 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, who is currently the managing director of SBI, will succeed the current chairman Dinesh Kumar Khara, whose term ends.
The draft circular laid out the guidelines for all lenders as model outputs are exposed to certain uncertainties and prudence is important.
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.
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.
The core income for the public sector lender rose 5.7% year-on-year.
While the situation is evolving, negotiations are ongoing with the ransomware group, the CloudSEK report said.
The draft guidelines have been issued for comments and feedback from industry participants, which can be sent by Aug. 31.
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.
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.
One97 Communications announced that by opening an escrow account, Paytm has shifted its nodal account.
The government clearance also means that Paytm can now approach the Reserve Bank of India to get the necessary approvals for a payment aggregator license.
The stock rose as much as 2.31% in early trade to Rs 1,436 apiece on the NSE.
The stock rose as much as 2.31% in early trade to Rs 1,436 apiece on the NSE.
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.
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 consolidated net profit rose 2% year-on-year to Rs 2,171 crore in the quarter ended June 2024.
Middle and senior management attrition is another key development to look out for, analysts said.