BW Communities

Articles for Banking & Finance

Anand Rathi Wealth Clocks 34% Jump in Net Profit

Anand Rathi Wealth's consolidated net profit stood at Rs 169 crore for April to December 2023, a 34 per cent rise compared to the same period in the year ago period

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Strong Q3 Indicated By Business Updates From Banks

The third quarter typically sees better retail credit growth due to increased demand for retail loans during festivals

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ED Seizes Rs 60 Lakh In Rs 1,530 Cr Bank Fraud Case At Textile Firm

According to the ED spokesperson, the probe was initiated based on an FIR registered by the CBI, New Delhi, under various sections of the Indian Penal Code and Prevention of Corruption Act, 1988

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Jio Financial Services Set To Announce Q3 Financial Results Today

JFS was separated from Reliance Industries in 2023 and was listed on stock exchanges on 21 August of that year

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China's Central Bank Maintains Medium-term Rate Amidst Economic Uncertainty

Despite a boost in December exports, China's economic indicators present a mixed picture. Weak credit growth and persistent deflationary pressures suggest a need for additional stimulus measures

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RBI Imposes Monetary Penalties On 4 Banks For Non-Compliance

Regulatory action underscores adherence lapses, with fines totaling over Rs 3.2 crores; Bank of Baroda penalty waived for soiled note remittance shortfall

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Bank Deposits Double In Over 7 Years, Suggests Data

During this period, mutual fund Assets Under Management (AUM), constituting one-fourth of total bank deposits, witnessed growth of approximately Rs 20 trillion

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Indian Overseas Bank Raises Deposit Interest Rates

As of now, IOB offers the highest interest rates among all public sector banks on rupee retail term deposits for the 1-year to less than two years' period, according to an official statement

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