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With rise in borrowing costs, margins grew by 90bps: Ajay Srinivasan, CEO of Aditya Birla Capital | Interview
The biggest opportunity for a non-banking financial company (NBFC) currently is in the small and medium enterprise (SME) sector as the typical banking structure has always under served SMEs, says Ajay Srinivasan, CEO, Aditya Birla Capital
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ICICI Bank CFO interview: ‘We’ve written off around Rs 7,000 crore of loans in Q4’
"We have written off around Rs 7,000 crore of loans during the quarter. For the year, the write-offs are about Rs 11,000 crore. Last year, the write-offs were about Rs 8,300 crore."
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Indian Overseas Bank to raise Rs 850 crore via non-core assets sale
The loss-making bank, which is burdened with a major chunk of sticky assets, is currently exploring options for stake sales in joint venture and other entities to augment resources, which could help raise over Rs 445crore.
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ICICI Bank net drops 5% on fall in non-interest income
In Q4FY19, ICICI Bank’s net interest income (NII) rose 26.5% y-o-y to Rs 7,620 crore. NII is the difference between interest earned and interest expended.
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Second term for NDA will resolve NBFC’s liquidity woes, says IIFL chairman
The IIFL Group unveiled its new brand identity and launched its new product Advisor Anytime Anywhere (AAA) for financial advisors who can service their clients for all the financial products.
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E-filing of tax returns saw 19% growth in AY19, says Finance Ministry - Business Standard
E-filing of tax returns saw 19% growth in AY19, says Finance Ministry Business StandardThe finance ministry on Monday said there was growth of 19 per cent in income-tax returns (ITRs) electronically filed for the assessment year 2018-19 (AY19), ...
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How Banks Analyze Your Lifestyle To Make Finance Personal - Forbes
via forbes.comHow Banks Analyze Your Lifestyle To Make Finance Personal ForbesA big move or a baby on the way can dramatically impact financial needs. For banks, tracking those milestones to provide relevant offers is the key to building ...
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Cyclone Fani: SBI operationalises most branches in Odisha
State Bank of India Monday said it has made operational most of its branches in Odisha, which was hit by cyclone Fani late last week.
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Indian Overseas Bank eyes to raise Rs 850 crore in FY19-20
The bank with various initiatives has turned around and the capital augmentation through these traditional ways will facilitate it to achieve the targeted profit in FY2020, IOB Executive Director K Swaminathan said.
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Finance Commission to hold meeting with RBI Guv, bank officials on May 8-9 - The Hindu BusinessLine
Finance Commission to hold meeting with RBI Guv, bank officials on May 8-9 The Hindu BusinessLineThe 15th Finance Commission will meet RBI Governor Shaktikanta Das and representatives of banks and financial institutions during its two-day visit to Mumbai ...
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ICICI Bank Q4 profit falls 5% on year to Rs 969 crore; key figures in nutshell
ICICI Bank reported a fall in profit at Rs 969 crore in QFY19 over Rs 1,020 crore in the corresponding quarter last year.
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Ramchandra Leasing & Finance Ltd - Board Meeting Intimation for Consideration And Approval Of Standalone Audited Financial Results For The Quarter And Year Ended On 31St March, 2019. - The Hindu BusinessLine
Ramchandra Leasing & Finance Ltd - Board Meeting Intimation for Consideration And Approval Of Standalone Audited Financial Results For The Quarter And Year Ended On 31St March, 2019. The Hindu BusinessLineRamchandra Leasing & Finance Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2019 ,inter alia, ...
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ADAG stocks dip: Reliance Home Finance at new low; Reliance Capital down 6% - Business Standard
ADAG stocks dip: Reliance Home Finance at new low; Reliance Capital down 6% Business StandardShares of Anil Dhirubhai Ambani Group (ADAG) companies are under pressure in trade on Monday, with Reliance Home Finance hitting a new low, and ...
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Family finance: Why salaried Manikandan should start investing in equity to reach money goals - Economic Times
Family finance: Why salaried Manikandan should start investing in equity to reach money goals Economic TimesManikandan G, 35, is from Coimbatore and stays in a rented house with his homemaker wife and five-year-old child. He gets a monthly salary of Rs 73,000, and ...
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Stocks To Watch: Bharti Airtel, ICICI Bank, HUL, Indiabulls Housing, Vodafone Idea - BloombergQuint
Stocks To Watch: Bharti Airtel, ICICI Bank, HUL, Indiabulls Housing, Vodafone Idea BloombergQuintThe equity markets were roiled after President Donald Trump's threat to increase tariffs on Chinese imports cast a cloud over talks this week that were expected ...