Kotak Bank recorded an 18.22% year-on-year (YoY) rise in standalone profit for the quarter ending March 2024, reaching Rs 4,133.30 crore, with net interest income (NII) increasing by 13% YoY …
Banking
Kotak Mahindra Bank shares plummet to a yearly low following Joint MD’s resignation.
The decline occurred post the resignation of KVS Manian, Joint MD, from his 29-year role at the bank and its board. Kotak Mahindra Bank shares plunged 4.38% to a new …
Groww and Worldline ePayments have obtained a secure online payment aggregator license from the Reserve Bank of India.
The PA license enables Groww, headquartered in Bengaluru, to autonomously handle online payments through its subsidiary payment venture, Groww Pay. Groww, a wealth management platform, and Worldline ePayments, a digital …
Philadelphia’s Republic First Bank closes as regulators declare it the first US bank failure this year.
Outside its Washington headquarters on March 14, 2023, the FDIC seal is displayed. Regulators shut down Republic First Bank, a regional lender across Pennsylvania, New Jersey, and New York. On …
HDFC Bank Q4 2024 Earnings Update: Net profit climbs 37% YoY to ₹16,512 crore; Retail loans drive 108.9% growth.
“HDFC Bank Q4FY24 Earnings Update: India’s Largest Private Sector Bank, a NIFTY50 heavyweight, records a 37.1% YoY increase in Profit After Tax to ₹16,512 crore for the quarter ending March …
Jefferies anticipates robust free cash flow and reduced consolidated net debt with profitable production growth during FY 24-26, citing improved profitability from crude and gas pricing reforms above past decade …
The RBI MPC maintains the repo rate at 6.5% ,for the seventh consecutive time
The repo rate stands at 6.50%, last revised on February 8, 2023, with no changes made by the RBI since then. It was raised from 6.25% to 6.50% in February …
To commemorate RBI’s 90th anniversary, PM Modi releases a special Rs 90 coin
The 40-gram coin, crafted from 99.99% pure silver, celebrates RBI’s illustrious 90-year legacy and its accomplishments.
IDFC First Bank shares drop by 3.5% amid reports of Warburg’s potential exit in a block deal
IDFC First Bank’s shares declined by 3.5% as Warburg Pincus exited through block deals. The bank recorded an 18.4% increase in net profit for the quarter, while investors saw returns …