IOB bucks the Q1 industry trend to grow CASA in absolute & percentage terms
Indian Overseas Bank (IOB) has probably become the only bank that has managed to improve its CASA (Current account-Savings account) ratio year-on-year and
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Category: Banking & Financial Services
Banks’ cost of funds up around 1% YoY on higher deposit, market rates
The cost of funds for banks has risen by around 1 per cent, or 100 bps, YoY, during Q1 FY24
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RBI approves amalgamation of Navanirman Co-op Urban Bank with Rajadhani Co-op Urban Bank
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Navanirman Co-operative Urban Bank Ltd with Rajadhani Co-op.
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Rupee closes down 32 paise at almost one-month low
On Wednesday, the rupee closed at an almost one-month low against the Dollar due to banks’ buying Dollars on behalf
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UPI transactions grow 44% to ₹15-lakh crore in July
Transactions using the UPI (Unified Payments Interface) network touched a record high in July 2023, both in terms of volume and
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UGRO Capital reports 244% jump in Q1 net profit to ₹25.2 crore
UGRO Capital reported a 244 per cent year-on-year (y-o-y) jump in net profit at ₹25.2 crore in the first quarter
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To support 30% annual growth, Shriram General to hire 700 this year
Shriram General Insurance Company, whose business almost entirely is composed of motor insurance, is seeing annual growth of 30 per
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Howden appoints Amit Agarwal as CEO of Indian unit
Howden, an international insurance broker, on Tuesday said that it has appointed Amit Agarwal as Chief Executive Officer (CEO) of
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Prosus to sell part of PayU to Rapyd for $610 m, to focus on Indian market
The Netherlands-based investment firm Prosus on Monday said its fintech arm PayU is selling a part of its business to
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Cholamandalam posts ₹726 cr PAT in Q1 with impressive show across parameters
Cholamandalam Investment & Finance Company Ltd (CIFCL) has reported an all-around performance for the first quarter of this fiscal year, with strong
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