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  • Bank of Baroda Board Approves Rs 8,500 Crore Fundraising Plan

    Bank of Baroda has approved a plan to raise Rs 8,500 crore through a Qualified Institutional Placement (QIP) to boost its capital base and support growth. This move is part of the bank's strategy to strengthen its financial position and enhance its lending capacity.

  • IDFC FIRST Bank Q3 FY25 PAT at Rs. 339 Crore, Core Operating Profit up 15% YoY

    IDFC FIRST Bank reported a robust Profit After Tax (PAT) of Rs. 339 crore for Q3 FY25, marking a 15% YoY growth in core operating profit. The bank’s strong financial performance highlights its strategic focus on retail banking, digital initiatives, and efficient risk management. Discover more about the bank’s growth drivers and future outlook.

  • Bank of India Q3 FY25 PAT Surges 35% YoY to Rs 2,512 Cr, Strengthened by Robust Growth Across Key Metrics

    Bank of India’s Q3 FY25 results reflect strong growth, with a 35% YoY increase in profit after tax (PAT) to Rs 2,512 crore. The bank also saw a significant rise in total income, advances, and improved asset quality, positioning it for continued success in the coming quarters.

  • HDFC Bank Reports 5% YoY Profit Growth in Q2 FY25, Shares Surge 3.5%

    HDFC Bank reported a 5.29% YoY rise in net profit for Q2 FY25, driven by strong growth in income, loans, and deposits. Despite a slight increase in NPAs, the bank’s robust operational performance and positive stock reaction highlight its strong market position and future growth prospects.

  • Navigating Operational Challenges: IIFL Finance Addresses RBI Concerns

    Discover how IIFL Finance addresses operational challenges highlighted by the Reserve Bank of India (RBI) and navigates through governance concerns. Learn about the impact on profitability, regulatory compliance efforts, and the company's outlook amidst these challenges.

  • Godrej Properties Acquires 109-Acre Land Parcel in Nagpur for Residential Plots

    In a strategic move, Godrej Properties has acquired a vast 109-acre land parcel in Nagpur, signaling its commitment to the growing demand for residential plots in the post-COVID era. The development plans for this land include primarily plotted residential units, boasting an estimated saleable area of 2.2 million square feet. While the deal's exact worth and seller's identity remain undisclosed, insiders suggest a transaction value of around Rs 200 crore. This acquisition aligns with Godrej Properties' aggressive expansion strategy, aiming to strengthen its presence in Nagpur and other key Indian markets. Despite pandemic challenges, the company reported robust financial performance, with strong growth projections for this fiscal year.

  • Muthoot Finance Ltd’s 32nd NCD Issue: A Lucrative Investment Opportunity

    Muthoot Finance Ltd's 32nd NCD issue offers a secure investment opportunity with ICRA's high AA+ (Stable) rating. With an extended subscription period until October 6, investors can earn attractive interest rates ranging from 8.75% to 9% p.a. Retail investors enjoy an extra 1% p.a., making it even more appealing. This NCD offering provides flexibility with seven investment options and supports the company's lending activities

  • Government Allocates Rs 20,000 Crore for Kisan Credit Card Loans: Boosting Agricultural Support

    In a significant move to bolster agricultural support, Union Agriculture Minister Narendra Singh Tomar recently unveiled a comprehensive plan aimed at uplifting the farming community. This initiative involves a substantial allocation of Rs 20,000 crore towards Kisan Credit Card (KCC) loans. Under this revitalized scheme, eligible beneficiaries will have access to loans of up to Rs 3 lakh. Another noteworthy aspect of the government's commitment to the welfare of farmers is the PM Fasal Bima Yojana. To date, an astounding Rs 1.41 lakh crore has been disbursed under this scheme, surpassing the premium collection of Rs 29,000 crore.

  • RBI Directs Banks and NBFCs to Release Property Documents Swiftly Upon Loan Repayment

    In a significant move to enhance borrower satisfaction and streamline lending practices, the Reserve Bank of India (RBI) has issued directives to banks and non-banking finance companies (NBFCs). These directives mandate the swift release of original movable and immovable property documents within 30 days of full loan repayment. Borrowers now have the choice to collect their documents from the loan-servicing branch or any other office of the regulated entity. Delays in document release, if attributable to the lender, will incur a daily compensation of ₹5,000. These changes will be effective for cases due on or after December 1, 2023, promising a more efficient and transparent lending experience for borrowers.

  • Coinbase Discontinues Services in India: Withdraw Your Funds by September 25

    In a surprising move, Coinbase, the global cryptocurrency exchange, has announced the cessation of its services in India, effective September 25, 2023. This decision comes amidst the backdrop of regulatory uncertainties within the Indian crypto landscape. Users are urged to swiftly withdraw their funds from Coinbase accounts before the impending deadline, emphasizing the importance of proactive action in the ever-evolving world of digital assets.