Mumbai : Bank of Baroda reported a Net profit at Rs 1,209 crore on the back of a robust 15.8% YOY growth in Net Interest Income (NII) to Rs 7,892 crore. Resultantly, there has been a significant rise in RoA at 0.42% and RoE of 8.63%. Operating profit increases by a robust 41.2% to Rs…
Mumbai : AU Small Finance Bank reported a 15% growth in its net profit to ₹ 203 Crore for the quarter ended June 30th, despite Bank prudently increasing contingency provisioning buffers by ₹ 120 Crore to strengthen the balance sheet. Delivered RoE of 12.7% and RoA of 1.6% in Q1’FY22. Cost of funds declined by 88bps…
Mumbai : EbixCash Private Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries announced the appointment of Mr. Sunil Srivastav, as a new independent director to the EbixCash Board. Sunil is a career banker, having retired as Deputy…
New Delhi : National Fisheries Development Board (NFDB) under Ministry of Fisheries, Animal Husbandry & Dairying, Government of India has today entered into an MoU with Punjab National Bank, the premier Bank in the country, to extend financial assistance through the Bank. The Government created the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) in 2018-19…
Mumbai : SBI General Insurance, one of India’s leading General Insurance companies, announced a tie-up with Manipal Business Solutions to increase insurance penetration in the rural markets. SahiPay, the fastest growing tech-enabled financial inclusion platform of Manipal Business Solutions, provides digital and financial services to customers in semi-urban and rural India. This association marks a…
Bhubaneswar: Odisha Government had announced to continue the Weekend shutdown in Bhubaneswar, Puri & Cuttack during August’21 because of the extensive Covid positive cases in these areas. Night Curfew to remain in force across the State between 8 pm & 6 am from August 1 to September 1, in 10 districts -Khurda, Puri, Nayagarh, Cuttack,…
Mumbai : Union Bank of India – a leading public sector bank of the country – reported 255% increase in its net profit to Rs 1,181 crore for the first quarter ended June 30, 2021 as compared to Rs 333 crore recorded during the quarter ended June 30, 2020. The robust growth in net profit…
Bhubaneswar: The Ministry Railways has given nod to commence the pre-investment activities for new railway line from Berhampur to Sambalpur, general manager, East Coast Railway (ECoR) Vidya Bhushan commented on Wednesday. He said after a detailed inspection of the Berhampur railway station, the Sambalpur-Berhampur railway line is going to be built by the Odisha Rail…
Chennai : Dvara KGFS, an NBFC operating in remote rural areas of India, has announced the acquisition of ‘TransactNow’ digital platform from Transact Nexus Tech Private Limited, an early phase tech start up providing digital financial services to the unbanked & underserved population of India through an acquihire mode. With this, Dvara KGFS is starting…
New Delhi : Punjab National Bank, the nation’s leading public sector bank, held the 20th Annual General Meeting (AGM) of the Bank’s shareholders. Amidst the prevailing Covid-19 situation, the Bank conducted its AGM through video conference, without the physical presence of shareholders at a common venue, in accordance with guidelines issued by SEBI and MCA….
