Category: Banking & Financial Services

MPC may continue with status quo on policy repo rate

Posted on August 6, 2023 by filesadmin

The six-member monetary policy committee (MPC) is likely to continue with status quo on the policy repo rate at its

Five day work week for banks gets IBA nod

Posted on August 6, 2023 by filesadmin

After nearly a year of repeated representations and petitions by various bank employee unions, five days banking is closer to

Sundaram Home posts 21% rise in Q1 net

Posted on August 6, 2023 by filesadmin

Sundaram Home Finance has reported a 21 per cent increase in its net profit at ₹57.42 crore for the quarter

Banks wrote off over ₹10.5-lakh cr during FY19 and FY23: Govt

Posted on August 6, 2023 by filesadmin

Finance Ministry on Tuesday informed Rajya Sabha that scheduled commercial banks (SCBs) wrote off over ₹10.5-lakh crore in the five

Shriram General Insurance targets 30% growth, plans to hire 700 people

Posted on August 6, 2023 by filesadmin

Shriram General Insurance Company, whose business almost entirely consists of motor insurance, is seeing annual growth of 30 per cent in gross written

Six public sector banks working without chairman, Centre informs Lok Sabha

Posted on August 5, 2023 by filesadmin

As many as six public sector banks (PSBs) are currently working without a non-executive chairman, Lok Sabha was informed recently.

Indian banks outperform global peers on key financial parameters: McKinsey report

Posted on August 5, 2023 by filesadmin

Indian banks outperformed global peers on financial parametersIndian banks have outperformed global peers on financial parameters, driven by strong profitability,