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Banking

South Indian Bank Announces Zonal Round Finalists for SIB Ignite – Quizathon

Mumbai : South Indian Bank, one of the leading private sector banks in India, today announced the zonal round finalists of ‘SIB Ignite Quizathon’ – its premier National Level Quiz Competition. Ever since its launch, the quiz competition has been successful in captivating and inspiring college students nationwide, motivating them to exhibit their knowledge acumen […]

Banking

Karnataka Bank partners with Northern Arc Capital Limited nPOS platform for Colending & Pool Buyout

Bengaluru : Karnataka Bank (KBL), a leading Private Sector Bank & Northern Arc Capital Limited (“Northern Arc”), one of India’s diversified NBFCs and a financial services platform, have entered into a MOU, enabling the bank to offer customer-centric financial solutions to retail borrowers. The nPOS, Northern Arc’s technology platform for co-origination, co-lending and pool buy-out […]

Banking

Bank of Baroda launches a Comprehensive Current Account Package with Seven New Current Account Products to Cater to Diverse Business Segments

Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the launch of a comprehensive Current Account Package with seven new differentiated Current Account products. Each current account product has been specially curated to meet the specific business banking needs of different business segments, empowering customers and giving a boost to […]

Banking

Equitas Small Finance Bank Financial Q3 FY24 Results

Chennai : The Board of Directors of Equitas Small Finance Bank Limited at its meeting held today, approved the unaudited financial results for quarter and nine months period ended December 31, 2023. Quarterly PAT of Rs. 202 Cr in Q3FY24 vs Rs. 170 Crs in Q3FY23 Gross Advances as of Q3FY24 was at Rs. 32,776 […]

Banking

Punjab National Bank Announces Financial Results for the Quarter Ended 31st December 2023

New Delhi : Punjab National Bank today announced its Financial Results for the Quarter Ended 31st December 2023. Highlights of the quarter is as follows: Net Profit increased to ₹ 2,223 Crore during Q3 FY’24, with YoY growth of 253.41%. Return on Assets (RoA) improved YoY by 41 bps to 0.58% in Q3 FY’24. Return on Equity […]

Banking

Brian Leger Joins Savings Bank of Danbury as First Vice President Operations

DANBURY, CT: Savings Bank of Danbury announced today that Brian Leger of Southington, CT joined the bank as First Vice President Operations where he will lead the Loan Servicing and Deposit Operations business units. Leger comes to Savings Bank of Danbury from Salisbury Bank and Trust Company, where he served as Vice President of […]

Banking

5 Things to Check While Opening A Demat Account

For decades, various investors in India have been able to take advantage of lucrative trading opportunities in the financial markets. Today, investing and trading in financial securities has become and will continue to be user-friendly, thanks to the advent of modern online trading platforms and tools such as efficient Demat accounts. The fact that Demat’s […]

Banking

Indian Bank Launches 24 New Resources Acquisition Centres taking its RAC strength to 75

Chennai : Indian Bank, the country’s 7th largest Public Sector Bank, takes a significant strategic step towards reinforcing its Deposit Business Portfolio with the introduction of a Dedicated Business Unit Concept, “Resources Acquisition Centre” (RAC). Commencing from July, 23, Indian Bank had earlier opened 51 RACs in two phases at important Metro and Tier 1 […]

Banking

IDBI Bank Limited – Financial Results for Q-3 of FY 24 Net Profit for the 9 month ended Dec 23 crosses Rs.4000cr

Net Profit for Q3 surges to ₹1,458 crore, registers YoY growth of 57% Net Advances at ₹1,75,001 crore, registers YoY growth of 18% Gross NPA down to 4.69%, YoY reduction by 913 bps Net NPA down to 0.34%, YoY reduction by 74 bps Provision Coverage Ratio (PCR) at 99.17% CRAR at 20.32% CASA Ratio at […]

Banking

Effortless Access to Form 16 A for IOB Depositors via DigiLocker

Indian Overseas Bank extends a novel facility for its valued clientele-enabling the option for downloading Form 16 A for IOB Deposit holders from Digilocker App/website”. In an era dominated by digital transformations, the Government of India’s initiative, DigiLocker, stands as a pioneering platform revolutionizing the way citizens access and manage their essential documents. IOB Deposit […]