NEWSLETTER, Tuesday 8th August 2023
Elets Technomedia and The Banking & Finance Post successfully concluded the Elets 14th NBFC100 Tech Summit. The summit took place on 2nd August 2023 at the Hilton in Chennai.
IndusInd Bank appoints Shiv Kumar Bhasin as Chief Transformation Officer.
Public sector banks (PSBs) delivered spectacular results in the first quarter ended June 2023. The banks earned a cumulative profit of Rs 34,774 crore.
Bank of Baroda posted a 87.72 per cent increase in net profit to Rs 4070.1 crore during the April to June Quarter 2023 in its Q1 results for the current fiscal year.
The State Bank of India (SBI) reported a 178.25 per cent YoY increase in net profit to Rs 16,884 cr for the period April to June 2023.
Karnataka Bank posted a net profit of Rs 370.7 crore for the first quarter ending June 30, 2023, up from 114.18 crore in the same period last year, a year-on-year increase of 224.66 per cent.
Right after the onset of the pandemic, India witnessed a remarkable shift towards sustainable mobility alternatives.
CredAble partners with GRIP Invest to create "InvoiceX Bluechip 200+," a novel securitisation transaction hosted on the GRIP Invest website.
Indian Overseas Bank recorded a 28.4 per cent growth in net profit to Rs 500.35 crore in the June quarter of FY 23-24, up from Rs 392.3 crore the previous year.
Microfinance Industry Network (MFIN), the premier association and RBI-recognised Self-Regulatory Organization (SRO) for the microfinance industry named Udaya Kumar Hebbar, MD & CEO, CreditAccess Grameen Ltd.
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