Bank

  • Bank of Maharashtra Secures RBI Approval for GIFT City Branch, Expanding International Footprint

    Bank of Maharashtra has secured RBI approval to open its first international branch at GIFT City, marking a significant step in its global expansion. The new IFSC Banking Unit will provide specialized financial services, boosting the bank’s ability to serve both domestic and international clients with offshore banking solutions.

  • LTI Mindtree Gains After Strategic Partnership with Eurobank S.A.

    LTI Mindtree has partnered with Eurobank S.A. to revolutionize banking operations and enhance customer experience through innovative technology solutions. This collaboration, which includes the creation of a Global Delivery Center in India, aims to modernize Eurobank’s infrastructure and set new industry benchmarks for digital transformation.

  • SBI Reports Stellar Q3 FY25 Performance: Net Profit Soars 84% YoY

    State Bank of India (SBI) delivered exceptional results for Q3 FY25, with an 84% YoY increase in net profit, reaching Rs 16,891 crore. The bank saw growth in total income, operating profit, and credit, while also improving its asset quality. Read on for a detailed analysis of SBI's stellar performance and its outlook moving forward.

  • HDFC Life Insurance Company Board Approves NCD Issuance of Up to Rs 1,000 Crore

    HDFC Life Insurance has announced the approval of a non-convertible debenture (NCD) issuance of up to Rs 1,000 crore. The company plans to raise funds by issuing 90,000 NCDs, each valued at Rs 1,00,000, with a green shoe option to retain additional subscriptions. The move is aimed at strengthening its capital base and supporting future growth, offering an attractive investment opportunity for institutional investors.

  • Budget 2025: A Game-Changer for India’s Middle Class and Growth Aspirations

    Budget 2025 brings transformative changes, with significant tax relief for the middle class, bold infrastructure projects, and a focus on innovation and inclusive growth. Key proposals aim to simplify tax laws, empower MSMEs, and boost job creation, positioning India for a brighter, more sustainable future.

  • Yes Bank Q3 Profit Jumps Nearly Threefold to Rs 612 Crore: Strong Performance Amid Lower Provisions

    Yes Bank’s net profit soared nearly threefold to Rs 612 crore for Q3 FY2024-25, driven by reduced provisions for bad loans and strong income growth. With total income rising by 14.2%, the bank shows promising signs of improved financial health and a positive outlook for the future.

  • South Indian Bank Posts 12% Jump in PAT for Q3 FY25, But Shares Drop 4.37%

    South Indian Bank posted a 12% YoY increase in net profit for Q3 FY25, reaching Rs 342 crore. With growth in retail deposits, advances, and improved asset quality, the bank continues to focus on profitability through quality credit growth. Read on for key highlights and insights from the quarter’s performance.

  • IDBI Bank Reports Strong Q3 Performance: Net Profit Soars by 31% to Rs 1,908 Crore

    IDBI Bank reported a 31% year-on-year increase in its Q3 FY25 net profit, reaching Rs 1,908 crore. This strong performance was driven by lower provisioning and higher interest income, reflecting the bank’s improved financial health and operational efficiency.

  • Bajaj Finance and Bharti Airtel Forge Strategic Partnership to Launch Fintech Platform

    Bajaj Finance and Bharti Airtel have teamed up to launch a cutting-edge digital fintech platform, combining Airtel's vast customer base and distribution network with Bajaj Finance's diverse range of financial products. This partnership aims to enhance financial inclusion, offering seamless access to loans and other services via the Airtel Thanks App and retail stores.

  • Indian Overseas Bank Reports Strong Q3 FY2024 Performance with 20.87% Rise in Net Profit

    Indian Overseas Bank delivered impressive results for Q3 FY2024, reporting a 20.87% increase in net profit, driven by strong operating income growth and improved efficiency. This positive performance highlights the bank’s resilience and strategic focus on asset quality and cost management.