Banking & Finance
Central Bank of India’s operating profit increases from Rs 4344 Cr to Rs 4630 crore
Thursday, 10 June 2021 16:01
* Central Bank of India's Operating Profit increased from ₹ 4344 Crore to ₹4630 Crore(6.58%) during FY’21 over FY’20 and from ₹ 517 Crore to ₹ 688 Crore (33.08%) during Q4’ 21 over Q4’20 on Y-o-Y basis. * Net NPA improved…
Muthoot Finance Ltd achieves 23% increase in net profit
Thursday, 10 June 2021 15:18
Muthoot Finance Ltd, the largest gold financing company in India in terms of loan portfolio, registered an increase in net profit of 23%, at Rs.3,722crsforFY21 as against Rs. 3,018crs in the previous year. Loan Assets stood at Rs.52,622crsas at March…
Fino Payments Bank goes live with enhanced deposit limit of ₹2lakh
Monday, 10 May 2021 16:25
Encourages financial inclusion, benefits MSMEs, small traders and retail customersMumbai : In line with RBI’s revised guideline Fino Payments Bank has increased the end of the day account balance limit to ₹2 lakh for its customers. The bank, which became…
RBI allows loan restructuring for individuals, MSMEs
Wednesday, 05 May 2021 18:10
Reserve Bank on Wednesday announced a slew of measures including loan restructuring for individual and small businesses hit hard by fresh COVID-19 wave.To augment supply of goods for COVID care, the central bank opened Rs 50,000 crore on-tap window to…
Paxful launches its global charity initiative #BuiltwithBitcoin in India
Wednesday, 03 February 2021 17:15
Partners with CRY- Child Rights and You to provide essentials to rural communities New Delhi – On India’s Republic Day, leading global peer-to-peer finance platform, Paxful launched its charitable initiative, #BuiltwithBitcoin in India.…
SIDBI launches asset restructuring web module to help MSMEs take benefit of RBI’s guidelines
Thursday, 17 December 2020 16:34
Small Industries Development Bank of India (SIDBI), the country’s apex financial institution for the promotion, financing and development of Micro, Small and Medium Enterprises (MSME), has launched a web portal https://arm-msme.in to help MSMEs take benefit of Reserve Bank…
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