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Articles for Banking & Finance

Manappuram Finance Gains On Asirvad MFI's Strong Q1 Show

The company's revenue from operations also witnessed a substantial surge of 77 per cent year-on-year, reaching Rs 637 crore

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Ananya Birla's Svatantra Microfin Acquiring Chaitanya India Fin Credit For Rs 1,479 Cr

Upon completion, this acquisition will elevate Svatantra to become India's second-largest microfinance firm, extending its reach to over 3.6 million active customers

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ICICI Lombard Receives Notice From DGGI For Unpaid GST Of Rs 273.44 Cr

The Show Cause Notice (SCN) alleges a tax liability of Rs 273.44 crore under Section 74(1) of the Central Goods and Services Tax Act, 2017

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SEBI Identifies 120 'Untraceable' Companies Among 'Difficult To Recover' Dues

The count of untraceable companies has increased from 94 in March 2022, as noted by Sebi

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Capri Global Capital Sees Strong Q1FY24 Performance, Enhanced Profitability

The average yield on advances experienced a noteworthy 118bps YoY increase to 15.7 per cent, while the average cost of funds rose by 49bps YoY to 8.72 per cent

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SEBI Proposes Stricter Disclosure Regulations For Unlisted Firms

In its annual report for the fiscal year 2022-23, Sebi underscored the importance of effectively managing and overseeing potential risks stemming from unlisted companies within intricate conglomerates

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SBI Overtakes Reliance Industries As India's Leading Profitable Company

SBI reported a quarterly net profit of Rs 18,537 crore, outpacing RIL's quarterly net profit of Rs 16,011 crore

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Kotak Life Teams Up With ESAF Small Finance Bank For Customer Life Insurance

The tie-up plans to benefit 68 lakh customers of ESAF Bank that will offer a wide range of tailor-made life insurance products

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