NBFCs to report 14 per cent year-on-year AUM growth in FY23
Non-Banking Finance Companies (NBFCs), including home finance companies (HFCs), are likely to register a 14 per cent year-on-year increase in…
28 SEP 2022
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UCO Bank and Yes Bank to collaborate with two Russian banks to streamline payments
Yes Bank and UCO Bank have formed a partnership with two Russian banks. Through this deal, both of these institutions…
28 SEP 2022
BOB takes 5.56 per cent share in ONDC for Rs 10 crore
Bank of India said on Tuesday that it had purchased a 5.56 percent share in Open Network for Digital Commerce…
28 SEP 2022
Unity Bank raises interest rates on FDs across all tenors
Unity Small Finance Bank Limited (Unity Bank) has increased the interest rates on its callable and non-callable bulk deposits (fixed…
27 SEP 2022
Axis Bank to expand its credit card operations in semi-urban and rural regions
The increase in wealth in semi-urban and rural markets is a big potential for the banking industry, and Axis Bank…
27 SEP 2022
Signzy, a supplier of digital banking infrastructure, raises Rs 210 crore
Signzy, a supplier of digital banking infrastructure, announced on Monday that it has secured Rs 210 crore (about $26 million)…
26 SEP 2022
Canara Bank plans to issue Rs 3,000 crore in AT1, Tier II capital
Canara Bank, a public sector lender, intends to raise up to Rs 3,000 crore in capital in the second half…
26 SEP 2022
Indian banks may raise more cash to cover lending demands
Analysts predict that Indian banks will continue their fundraising frenzy in the coming months by issuing Basel III-compliant and infrastructure…
23 SEP 2022
Citi Bank to end its retail business in the UK
Citigroup intends to close its retail banking business in the United Kingdom, moving its attention to its richest clients. According…
22 SEP 2022
Crisil Ratings: Bank GNPAs may reach decadal low of 4 per cent in FY24
Banks’ Gross Non-Performing Assets (GNPAs) are likely to fall 90 basis points (bps) to 5 per cent this fiscal year,…
22 SEP 2022
