NEWSLETTER, Tuesday 07th February 2023

Union Budget 2023: Finance Minister unveils ambitious plans for India's growth

Union Finance Minister Nirmala Sitharaman is presenting the Modi government's final full-fledged Union Budget before the 2024 Lok Sabha elections.

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Union Budget 2023-24: BFSI Leaders give it a thumbs up

FM Nirmala Sitharaman delivered Budget 2023 on Wednesday and announced revisions to certain levies and taxes, resulting in some things being cheaper and others becoming more expensive.

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Jana Small Finance Bank raises fixed deposit interest rates

Jana Small Finance Bank has announced a new increase in interest rates on standard fixed deposits, which will take effect on February 1, 2023.

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YES BANK names Rajan Pental as Executive Director

YES BANK appointed Rajan Pental as executive director for a three-year term beginning February 2, 2023, on Friday.

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Bank of Baroda reports net profit of Rs 3,853 crore in Q3

Bank of Baroda (BOB) announced its highest-ever quarterly standalone net profit of 3,853 crore for the third quarter ending December 2022 (Q3 FY23), an increase of more than 75 per cent over the year-ago quarter of 2,197 crore.

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Karnataka Bank reports 16.68 per cent increase in total income in Q3 FY22

Karnataka Bank jumped 8.88 per cent to Rs 150.15 following a 105.14 per cent increase in net profit to Rs 300.68 crore and a 16.68 per cent increase in total income to Rs 2,055.31 crore in Q3 FY23 over Q3 FY22.

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IDFC Ltd to invest Rs 2,200 crore in IDFC First Bank

IDFC to invest Rs 2,200 crore in IDFC First Bank increasing its shareholding from 36.38 per cent to 40 per cent, announced on Wednesday.

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The RBI names V Ramachandra to SIFL & SEFL Advisory Committees

V Ramachandra was named by the Reserve Bank on Tuesday to the Advisory Committees of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).

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