BW Communities

Articles for Banking & Finance

RBI's Retail Direct Portal Expands Offerings To Include Floating Rate Savings Bonds For Individual Investors

According to the Central Bank's statement, "In its endeavour to expand the basket of products offered through the Retail Direct Portal, Reserve Bank of India, in consultation with the Government of India, has enabled subscription to Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T)."

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Members of India's Monetary Policy Committee Maintain Hopes For A Rate Cut

Over the past year, India's inflation rate exceeded the 6 per cent upper limit set by the panel in five of the last 12 months but remained within the 4 per cent to 6 per cent range for the other seven months

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Poonawala Fincorp Net Profit Surges To Rs 230 Cr In Q2 FY24

Gross NPA at 1.36 per cent, reduced 41 bps YoY and 6 bps QoQ

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Karur Vysya Bank's Q2 Net Up 51.4% To Rs 378 Cr

Gross NPA stood at 1.73 per cent in Q2 FY24, down at 26 bps QoQ basis

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Bandhan Mutual Fund Launches Bandhan Nifty Alpha 50 Index Fund

Investment in the Bandhan Nifty Alpha 50 Index Fund can be made through licensed mutual fund distributors and online platforms and directly

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Federal Bank's Net Up 35.5% To Rs 954 Cr

The net profit is up by 11.7 per cent at quarter on quarter(QoQ) and by 35.5 per cent at year on year(YoY) basis

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Edelweiss Alternatives Raises Rs 8000 Cr In Special Situations Fund

The second-generation special situation fund, which deployed over Rs 10000 crore across 40+ transactions, has further recovered more than Rs 13000 crore to date

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Ashok Vaswani Will Be New MD & CEO Of Kotak Mahindra Bank

Ashok Vaswani has extensive banking expertise, having previously served as Chief Executive Officer of Barclays Bank, UK, and then as CEO of their Global Consumer, Private, Corporate and Payments operations, as well as a member of the Group Executive Committee

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