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Articles for Banking & Finance

Bajaj Finance Initiates QIP To Raise $1 Bn, According To Sources

Bajaj Finance, a leading consumer finance company, initiates a Qualified Institutional Placement (QIP) to secure funds, setting the floor price at Rs 7,533.81 per share

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Credit, Deposit Growth Gap Continues To Remain Elevated

This surge continues to be primarily driven by the impact of HDFC’s merger with HDFC Bank and growth in personal loans

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e-rupee: RBI's Digital Rupee Pilot Aimed To Transform India's Financial Landscape

E-rupee is the name of the digital currency that has been issued by RBI on a pilot basis

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PNB Housing Finance Opens First All-women Branch

It aims to create a unique and supportive environment where women can flourish in both professional and personal spheres of life and contribute to the economic progress of the nation

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Punjab & Sind Bank's Q2 PAT Drops 32% YoY To Rs 189 Cr, Stock Declines

The Net Interest Margin (NIM) also decreased to 2.32 per cent in Q2 FY24, down from 3.06 per cent in Q2 FY23

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Bandhan Bank Opens Branch In Kargil

With the new branch in Kargil, it has further strengthened its presence in the Union Territory

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Policybazaar's Parent Company PB Fintech Reduces Q2 Net Loss By 89% YoY To Rs 21 Cr

The company's operational revenue amounted to Rs 812 crore, marking a 42 per cent year-on-year growth

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Consumer Forum Orders Insurance Company To Reimburse Covid Treatment Claim

In addition to the reimbursement, the commission has ordered the company to pay compensation as well

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