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4 mins read
Axis Bank shares under pressure after Q4 net loss; analysts upbeat on the lender
During the March quarter, the lender reported an exceptional item of ₹12,490 crore, which went i…
3 mins read
Measures taken by IIFCL to keep bad loans under check: Parliamentary panel
The company has put in place a Board approved Management Policy which lays out the Directives…
PTI
6 mins read
Here’s how much banks have increased home loan interest rates
Rising inflation resulted in central banks around the world hiking interest rates. This has also sp…
3 mins read
I'm Gen Z and my parents help me financially. My dad says it's a loan against my inheritance.
I'm 25 and my parents have been helping me financially for years. The money they give me is helpful…
Katie Kasperson
3 mins read
Canara Bank Q4 profit rises 18% to ₹3,757 crore
During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…
PTI
2 mins read
Union Bank to sell 8 troubled accounts worth Rs 3,000 cr to bad bank NARCL
Union Bank of India on Friday said it has identified eight troubled accounts worth Rs 3,000 crore t…
PTI
3 mins read
Axis Bank completes acquisition of Citibank’s consumer business for ₹11,603 crore – here’s everything to know
India’s third-largest private lender Axis Bank on Wednesday said it has completed the acquisition o…
5 mins read
Axis Bank Q3 net profit grows 62% YoY to ₹5,853 crore, beats expectations even as provisions and slippages rise
Axis Bank on Monday reported a standalone net profit of ₹5,853 crore in Q3, registering a growth of…
3 mins read
Bank of Baroda enables digital loans through the Account Aggregator framework – here’s what it means and how to use it
Bank of Baroda today announced the rollout of digital loans through the Account Aggregator framewor…
2 mins read
Charlie Munger warns of stress in the US commercial property market with banks carrying a lot of bad loans as prices slump
"A lot of real estate isn't so good anymore," Berkshire investing legend Charlie Munger told the Fi…
Carla Mozée
3 mins read
Axis Bank’s net profit grows 70% to ₹5,330 crore in Q2
Axis Bank, one of the leading private banks in the country, beat analyst expectations to report a 3…
3 mins read
India's super-rich gear up for a better year ahead: Knight Frank
100% UHNIs in India expect their wealth to grow in 2023, compared to 69% globally. 15% Indian UHNI…
2 mins read
Bad loans at ICICI Bank have never been this low in the last seven years
ICICI Bank has become the top performer on the benchmark index Nifty 50 on Monday with its shares r…
2 mins read
Axis Bank share price surges over 6% after earnings reveal that only 9.7% of its loans are exposed to the moratorium
Axis Bank’s share price rallied over 6% in early morning trade, reacting to its Q1 earnings posted …
2 mins read
Axis Bank has set aside over $900 million fearing COVID-19 may sour loans
This is over and above the money that is needed to be set aside for non-performing assets (NPA) …
7 mins read
The dark truth behind RBI’s crackdown on easy personal loans
The Reserve Bank of India tightened capital norms for lenders disbursing unsecured loans to unsuspe…
3 mins read
Axis Bank beats street estimates on net profit, business growth disappoints
Axis Bank, the third largest private sector bank, on Monday reported a net profit of Rs 4,125 crore…
2 mins read
Banks continue to spook markets after HDFC Bank’s LDR shock in Q3
HDFC Bank opened 2.5% lower on Thursday, after a sharp 9% plunge on Wednesday as its third quarter …
3 mins read
Four ways to reduce interest rate on your home loan
Buying a home is one of the biggest financial goals one has and since a home loan is a commitment f…
3 mins read
Credit expansion will taper down next year if deposits growth doesn't rise: Axis Bank MD
"... If the deposit growth does not continue, our projection says that credit growth can taper …