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Banking

Yes Bank's total provisions stood at Rs 644 crore in June quarter.

Yes Bank net profit zooms 355% to Rs 207 cr in Apr-Jun

Jul 23, 2021

Net interest margin stood at 2.1 per cent in April-June quarter against 3 per cent in the corresponding quarter of previous year and 1.6 per cent in March quarter.

The  company had reported a net profit of Rs 393 crore in the April-June quarter of the previous fiscal (Source:PTI)

SBI Cards Q1 results: Net profit falls 22% to Rs 305 cr as bad loans rise

Jul 23, 2021

Total income during the quarter rose to Rs 2,451 crore as against Rs 2,196 crore a year ago, SBI Cards said in a regulatory filing

the Prime Minister's Employment Generation Programme, till July 9, 6,97,612 units have been set up (Source: PTI)

Over 13 lakh MSME loan accounts restructured by public banks: Minister Narayan Rane

Jul 23, 2021

Till June 25 this year, "13.06 lakh MSME loan accounts with an aggregate amount of Rs 55,333 crore have been restructured by public sector banks

He will report to Ravi Kapoor, head of the banking, capital markets and advisory unit for Citi South Asia (Source: Reuters)

Citigroup elevates Rahul Saraf as head of Indian investment banking

Jul 23, 2021

Saraf joined Citi in 2005 and has been a managing director in the investment banking unit, according to a statement from the bank on Friday

IDFC Limited can exit IDFC First Bank as promoter

IDFC can now exit as promoter of IDFC First Bank

Jul 22, 2021

IDFC said that the 5-year lock-in period has expired. Hence, it can now exit as the promoter of the bank

 financial systems are so vulnerable to things outside the financial world (Source: Reuters)

Central banks, wealth funds going greener and more activist: ESG survey

Jul 21, 2021

The findings of the Global Public Investor survey by think-tank Official Monetary and Financial Institutions Forum (OMFIF) showed the scale and speed at which environmental, social and governance (ESG) factors were now driving investment decisions

Banks are aggrieved by the notices issued by the RBI under RTI Act asking them to part with information pertaining to their inspection reports and risk assessment.

SBI, HDFC Bank move SC against disclosing information under RTI

Jul 19, 2021

Opposing allowing disclosure of big defaulters under RTI, SBI's counsel told the top court, "How can we break customers' trust by disclosing their personal info?"

In its recent tweet, SBI has warned its users against phishing attacks by SMS

'Steer clear': SBI alerts customers against phishing attacks

Jul 19, 2021

Phishing attacks refer to the practice of sending fraud links that appear to come from a trusted source. It is usually done on SMS and email

HDFC Bank managing director Sashidhar Jagdishan

HDFC Securities to create discount broking architecture to compete with Zerodha, other firms

Jul 19, 2021

Over the next two-three years, the company targets to gain market, Jagdishan said, making it clear that the largest private sector lender does not have any plans to sell stakes in the brokerage

In Sikkim, banks will remain closed on July 19 on account of Guru Rimpoche's Thungkar Tshechu

Banks will remain closed in these cities for next 3 days; check out details

Jul 18, 2021

According to RBI holiday calendar, banks remain closed on national holidays, Sundays, second and fourth Saturdays. However, there are also some state-specific holidays due to which banks remain shut in certain states

Jagdishan said tech outages are a global phenomenon but it is the time taken to recover from a setback where the bank erred.

Complied with 85% of tech demands, RBI to take call on lifting ban: HDFC Bank's Jagdishan

Jul 17, 2021

Jagdishan exuded confidence that even though they have lost ground, there is a lot of energy to "bounce back" as soon as the RBI penalties get lifted.