by newsworm | Jan 6, 2025 | Banking, Utkarsh Small Finance Bank
Utkarsh Small Finance Bank (SFB) has reported a 16.43% year-on-year (YoY) growth in its loan book in the third quarter (Q3) of FY23. As of December 31, 2022, the bank’s total loan book stood at Rs 13,624 crore, up from Rs 11,729 crore in Q2 FY23. The... by newsworm | Jan 6, 2025 | Banking, ICICI Bank
ICICI Bank, a leading Indian financial institution, has received a significant Goods and Services Tax (GST) demand from the Maharashtra government. The demand, amounting to over ₹3,000 crores, pertains to the bank’s alleged irregularities in the period of... by newsworm | Jan 6, 2025 | Banking
Indian private sector bank, Federal Bank, has successfully launched FedOne, a digital platform that marks a significant step in its digital transformation journey. The platform, built on Nucleus Software’s cutting-edge transaction banking platform FinnAxia, aims... by newsworm | Jan 6, 2025 | Banking
The website freep.com is not compatible with the user’s current browser. To ensure the best experience for all readers, the site has been designed to take advantage of the latest technology, making it faster and easier to use. However, the user’s browser... by newsworm | Jan 6, 2025 | Banking, Equitas Small Finance Bank, ICICI Bank, IDFC Bank, Indian Bank, IndusInd Bank, Jana Small Finance Bank, RBL Bank, State Bank of India
Fixed deposits (FDs) remain a popular investment choice due to their assured returns, with interest rates ranging up to 9%. Small finance banks offer attractive interest rates, with North East Small Finance Bank offering 9% for FDs with maturities between 546 to 1111... by newsworm | Jan 6, 2025 | Banking, RBI
India’s foreign exchange reserves have declined for the 12th time in 13 weeks, according to the Reserve Bank of India (RBI). The reserves decreased by $4.112 billion to $640.279 billion in the week ending December 27. This represents a 10% drop from the all-time... by newsworm | Jan 6, 2025 | Bank of Baroda, Banking
Indian public sector banks, such as Union Bank, Bank of Baroda, and others, saw their stocks decline by up to 7% due to weak third-quarter (Q3) financial updates. The Nifty PSU Bank index, which tracks the performance of these banks, was the top sectoral laggard on... by newsworm | Jan 6, 2025 | Au Small Finance Bank, Banking, Capital Small Finance Bank, HDFC Bank, RBI
HDFC Bank, India’s largest private sector lender, has received approval from the Reserve Bank of India (RBI) to acquire up to a 9.5% stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank. The approval is valid until January 2, 2026.... by newsworm | Jan 6, 2025 | Banking
Fixed deposits (FDs) are a popular investment choice for conservative investors due to their reliable and consistent long-term returns. Investors deposit a lump sum and earn interest on the total amount, which is typically higher than what’s offered by a savings... by newsworm | Jan 6, 2025 | Banking, Central Bank of India, RBI
The Indian rupee fell to an all-time low on Monday, dipping to 85.82 against the US dollar, but the decline was limited due to likely intervention by the Reserve Bank of India (RBI). The currency had touched 85.8075 in late December. State-run banks were reportedly...