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WhatsApp Reportedly Testing International Payments via UPI for Indian Users
WhatsApp could be working on enabling international payments via its in-app Unified Payments Interface (UPI) service, as per a new leak. WhatsApp Payments or WhatsApp Pay was first introduced for Indian users as an in-app service in November 2020. The platform’s entry into the payments sector was considered delayed as rival platforms were already...
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Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
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A $21 Billion Indian Banks Stock Rout Signals Heyday May Be Over
The outlook has quickly soured for India's $433 billion banking sector after a rare selloff in HDFC Bank Ltd., the country's biggest private sector lender.
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''True Legend'': Paytm's Vijay Shekhar Sharma Hails Uday Kotak As ''India's Jamie Dimon''
In a post on X, he lauded Mr Kotak's contributions to the Indian banking sector, and called him the ''Jamie Dimon of India.''
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ISRO Launches Aditya-L1, India's Maiden Sun Study Mission, Aboard PSLV Rocket
ISRO launched a rocket on Saturday to study the sun in its first solar mission, Aditya-L1. The rocket left a trail of smoke and fire as scientists clapped, a live broadcast on the Indian Space Research Organisation's (ISRO) website showed. The broadcast was watched by nearly 5,00,000 viewers.
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Greed For Power Overrode National Interest Under UPA, Destroyed Banking System: PM Modi
Prime Minister Narendra Modi said on Saturday that greed for power overrode national interest during the UPA government, wreaking havoc on the banking sector, but his dispensation has nursed it back to good financial health.
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Strong Performance Of Indian Banks To Continue: S&P Global Ratings
S&P Global Ratings today said Indian banking sector profitability will stabilise at a healthy level, and asset quality will continue to improve.
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"Think Of India": Union Minister To Global Startups Amid Banking Crisis
Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.
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TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
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In Biggest Deal Till Date, Yes Bank Transfers $5.81 Billion Of Bad Loans
The deal, the largest sale of bad loans in the Indian banking sector yet, comes more than two years after the central bank stepped in to take control of the lender after a dramatic rise in toxic assets alarmed investors and depositors.
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IIT Kharagpur's First Phase Of Placement Draws To A Close With Over 1,600 Job Offers
IIT Kharagpur Placement: Over 300 companies participated in the first phase of placement across various sectors, including software, analytics, consulting, core engineering companies, banking and high-frequency trading.
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ICICI Bank, Axis Bank Pick Up Stake In Indian Oil's Joint Venture Refinery
Shares of Chennai Petroleum witnessed brisk buying today after private sector lenders ICICI Bank and Axis Bank said they had picked up a stake in the proposed joint venture between Indian Oil Corporation and Chennai Petroleum Corporation.
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Bank Stocks' Record Rally To Continue As Balance Sheets, Loan Growth Improve
Stocks of Indian lenders have rallied this year to touch a record high on Wednesday and analysts believe the party is likely to continue as banks issued robust earnings reports for the latest quarter.
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Indian Overseas Bank Registers 33% Jump In Q2 Net Profit
Public sector Indian Overseas Bank has recorded a 33.2 per cent jump in its net profit for the second quarter ending September 30, 2022 at Rs 501 crore, the bank said on Sunday.
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Gautam Adani's Group Says Not Overleveraged, Loans From Public Sector Banks Have Halved
Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged.
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WhatsApp Reportedly Testing International Payments via UPI for Indian Users
WhatsApp could be working on enabling international payments via its in-app Unified Payments Interface (UPI) service, as per a new leak. WhatsApp Payments or WhatsApp Pay was first introduced for Indian users as an in-app service in November 2020. The platform’s entry into the payments sector was considered delayed as rival platforms were already...
-
Public Sector Banks Managing NPAs Better Than Private Sector: FICCI Survey
Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
-
A $21 Billion Indian Banks Stock Rout Signals Heyday May Be Over
The outlook has quickly soured for India's $433 billion banking sector after a rare selloff in HDFC Bank Ltd., the country's biggest private sector lender.
-
''True Legend'': Paytm's Vijay Shekhar Sharma Hails Uday Kotak As ''India's Jamie Dimon''
In a post on X, he lauded Mr Kotak's contributions to the Indian banking sector, and called him the ''Jamie Dimon of India.''
-
ISRO Launches Aditya-L1, India's Maiden Sun Study Mission, Aboard PSLV Rocket
ISRO launched a rocket on Saturday to study the sun in its first solar mission, Aditya-L1. The rocket left a trail of smoke and fire as scientists clapped, a live broadcast on the Indian Space Research Organisation's (ISRO) website showed. The broadcast was watched by nearly 5,00,000 viewers.
-
Greed For Power Overrode National Interest Under UPA, Destroyed Banking System: PM Modi
Prime Minister Narendra Modi said on Saturday that greed for power overrode national interest during the UPA government, wreaking havoc on the banking sector, but his dispensation has nursed it back to good financial health.
-
Strong Performance Of Indian Banks To Continue: S&P Global Ratings
S&P Global Ratings today said Indian banking sector profitability will stabilise at a healthy level, and asset quality will continue to improve.
-
"Think Of India": Union Minister To Global Startups Amid Banking Crisis
Not a single startup was adversely effected by the "minor crisis", the Union Minister Ashwini Vaishnaw said describing Indian banking sector as resilient and with healthy balancesheet.
-
TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
-
In Biggest Deal Till Date, Yes Bank Transfers $5.81 Billion Of Bad Loans
The deal, the largest sale of bad loans in the Indian banking sector yet, comes more than two years after the central bank stepped in to take control of the lender after a dramatic rise in toxic assets alarmed investors and depositors.
-
IIT Kharagpur's First Phase Of Placement Draws To A Close With Over 1,600 Job Offers
IIT Kharagpur Placement: Over 300 companies participated in the first phase of placement across various sectors, including software, analytics, consulting, core engineering companies, banking and high-frequency trading.
-
ICICI Bank, Axis Bank Pick Up Stake In Indian Oil's Joint Venture Refinery
Shares of Chennai Petroleum witnessed brisk buying today after private sector lenders ICICI Bank and Axis Bank said they had picked up a stake in the proposed joint venture between Indian Oil Corporation and Chennai Petroleum Corporation.
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Bank Stocks' Record Rally To Continue As Balance Sheets, Loan Growth Improve
Stocks of Indian lenders have rallied this year to touch a record high on Wednesday and analysts believe the party is likely to continue as banks issued robust earnings reports for the latest quarter.
-
Indian Overseas Bank Registers 33% Jump In Q2 Net Profit
Public sector Indian Overseas Bank has recorded a 33.2 per cent jump in its net profit for the second quarter ending September 30, 2022 at Rs 501 crore, the bank said on Sunday.
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Gautam Adani's Group Says Not Overleveraged, Loans From Public Sector Banks Have Halved
Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged.
