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Articles for Banking & Finance

Reliance's Jio Financial Plunges On Market Entry, Valued At $19 Bn

On its debut, JFS shares fell 5 per cent, reaching the maximum decline allowed in a session

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FMCG Q1 Performance: Margin Boost And Strong Investment Prospects

A recent report from Axis Securities highlighted that several essential goods companies within its purview indicated ongoing rural recovery

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Rupee Gains Most In Single Day In Near Year-and-half

The rupee closed at 82.93 per cent US dollar, 0.2 per cent stronger than its close of 83.10 on Monday

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BoB Introduces Video Re-KYC For Individual Resident Customers

This is an alternative and more convenient method for customers to complete the periodic updation of KYC (Know Your Customer) digitally

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Fintech Loans Surge By 21% YoY In FY23: Report

Personal loans continued to dominate the digital lending landscape, accounting for 83 per cent of the disbursement volume in FY23

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36% Surge In Passive Fund AUM, 44% Equity Inflows Via SIP And NFO: Report

The report revealed that 44 percent of the total equity inflows for FY23 were channeled through the avenues of SIP and NFO, underscoring the growing preference for structured investment approaches

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Former CVC Suresh N Patel Replaces TM Bhasin As chairman Of Advisory Board For Banking & Financial Frauds ABBFF, New Members Inducted On Advisory Board Of ABBFF

The chairman and members' terms would be for two years, beginning on 21 August 2023, according to the Central Vigilance Commission's decree

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RBI Encourages Banks To Settle UAE Trades In Rupees & Dirhams: Report

The move is part of the Reserve Bank of India's broader aim of promoting settlement in local currencies with countries with which India has a trade deficit, with the knock-on effect of boosting the rupee's global reach, three banking sources said

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