The Banking & Finance Post Newsletter

NEWSLETTER, Tuesday 1st^th August 2023

Bank of India names Yusuf Roopawalla as CTO

Bank of India (BOI) names banking technology veteran Yusuf Roopawalla as Chief Technology Officer (CTO).

IDFC First Bank Q1 results: Net profit grows 61% to Rs 765cr

IDFC First Bank reported a net consolidated profit of Rs.765 crore, a 61 per cent increase over the previous fiscal's similar quarter profit of Rs.474 crore.

DCB Bank Q1 results: Net profit rises 31% to Rs 127 cr

DCB Bank reported a 31 per cent increase in total net profit at Rs 127 crore, in its April-June quarter results for fiscal 2023-24 (Q1FY24), up from Rs 97 crore in the same period last year.

HDFC Bank introduces co-branded credit card with Swiggy

HDFC Bank, India's largest private bank, and Swiggy, India's leading on-demand convenience platform launched Swiggy HDFC Bank co-branded credit card.

Bank of India Q1 Results: Net Profit jumps 176% to Rs 1551 cr

Bank of India (BOI) reported a nearly three-fold increase of 176 per cent in net profit to Rs 1,551 crore in the June quarter due to a decrease in bad loans.

Ujjivan Small Finance Bank Q1 results: Net profit surges 60% to Rs 324 cr

Ujjivan Small Finance Bank reported an increase in its net profit for the quarter ending June 2023 by 59.7 per cent to 324.07 crore, up from 202.94 crore in the same quarter last year.

Indian Bank Q1 results: Net profit rises 41% YoY to Rs 1,709 cr

Indian Bank recorded a net profit of 41 per cent YoY to Rs 1,709 cr on its first-quarter results for fiscal year 2024 on Thursday.

Axis Bank Q1 results: Net profit surges 41% to Rs 5,797cr

Axis Bank reported a net consolidated profit of 41 per cent to Rs 5,797 cr in its Q1 results for FY24, on Wednesday.

SBI Life Q1 results: Net profit grows 45% to Rs 381 cr

SBI Life Insurance recorded a 45 per cent growth in net profit for the first quarter ended June 30 of fiscal year 2024, to Rs 381 crore, from Rs 263 crore recorded in the same quarter previous year.

The Banking & Finance Post, a bi-monthly magazine published by Elets Technomedia Pvt Ltd, prides itself in spotting and highlighting key trends in the BFSI sector.
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