[ad_1] A PwC probe to examine the extent of hit on the financials of IndusInd Bank due to certain deficiencies in accounting practices of derivative instruments is said to have resulted in the lender ordering a forensic audit, sources have told Moneycontrol. Formally, the exercise carried out by PwC has been called a review by […]
How does Reserve Bank of India’s rate cuts impact fixed deposit interest rates – CNBC TV18
[ad_1] The Reserve Bank of India (RBI) plays a crucial role in shaping the interest rates offered on fixed deposits (FDs), making it essential for investors to understand how policy changes impact their savings. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest […]
IDBI Bank stake sale: Due diligence ongoing, financial bids likely by fiscal end: Sources – CNBC TV18
[ad_1] The disinvestment process of IDBI Bank is gaining momentum, with financial bids for the 60.72% stake likely to be invited by the end of the current fiscal, according to government sources. Company Value Change %Change The stake sale, which includes 30.48% held by the government and 30.24% by LIC, will also involve the transfer […]
Federal Bank Q2 Update: Deposits surge 16%, advances grow by 19% on-year – CNBC TV18
[ad_1] Federal Bank on October 4 provided a business update for the second quarter of FY25, reporting total deposits of ₹2.69 lakh crore, reflecting a 16% year-on-year (YoY) increase from ₹2.32 lakh crore in the corresponding quarter last year. The bank’s customer deposits, excluding interbank and certificates of deposit, also saw a 16% increase to […]
DFS Secretary Nagaraju chairs DRT conference to address debt recovery challenges – CNBC TV18
[ad_1] A conference chaired by M. Nagaraju, Secretary of the Department of Financial Services (DFS), brought together Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) in New Delhi on Saturday. The meeting, attended by senior officials from public and private sector banks, as well as representatives from the […]
Axis Bank clarifies SEBI ruling on ACL applies only to new merchant assignments – CNBC TV18
[ad_1] Axis Bank clarified on Friday, September 20, that the temporary restrictions placed on its wholly-owned subsidiary, Axis Capital, by the Securities and Exchange Board of India (SEBI) would not affect the bank’s core business operations. SEBI had prohibited Axis Capital Ltd (ACL) from undertaking new assignments as a debt merchant banker until further notice. […]