Under the non-frills accounts scheme, the number of persons with deposit accounts at banks has significantly increased, becoming comparable with emerging economy peers and even some of the advanced economies.
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KMBL’s home loan interest rates now start at 6.55* per cent p.a. and is applicable for both fresh home loans and balance transfers
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The bank had posted net profit of Rs 526 crore in the same period a year ago.
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'TokenPay' is a Multi-Network Tokenisation Solution for Merchants introduced by Infibeam Avenues, the promoter of CCAvenue, its digital payments platform. 'TokenPay' works across all major card networks, including MasterCard, RuPay, and Visa.
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The bank had reported a net loss of Rs 401.27 crore in the year-ago period but had a net profit of Rs 173.85 crore in the April-June 2021 quarter.
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The appointment would allow Bandhan Bank to undertake Government business on behalf of the RBI.
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Kamath, the first head of the New Development Bank (NDB) set up by the BRICS group of emerging market economies, had completed his five-year tenure last year.
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Consolidated total income during Q2 FY22 rose to Rs 18,008 crore, from Rs 15,052 crore in Q2 FY21, Bajaj Finserv said in a release.
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The state-owned lender will separately inform about the appointment of Baldev Prakash as MD & CEO by its board and the actual date of assuming charge by him.
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The bank also came out of the RBI's Prompt Corrective Action (PCA) framework during the reported period.
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