ESAF Small Finance Bank Profit Soars 110%
KOCHI, 30 MAY, 2020 (GPN): Kerala based social bank, ESAF Small Finance Bank has recorded a 110.86 %, increase in its net profit for the year ended March 31,2020. The net profit for the Financial…
BANKING
Federal Bank delivers strong operating performance with 27% growth in operating profit
MUMBAI, 28 MAY, 2020 (GPN): Federal Bank announced its audited financial results for the quarter and year ended 31st March 2020 today. Highlights · Operating profit registers a growth of 27.10% to reach ₹ 959.31 Cr in Q4…
Customers set to benefit with Maruti Suzuki and HDFC Bank alliance for consumer finance schemes
Flexible schemes to suit consumer needs Step up plus Balloon EMI scheme starting at Rs 1,111/- per lakh EMI staring from Rs 899 per month per Lac for the first 6 months Flexi EMI options…
IDFC FIRST Bank today announced the launch of video KYC for its online Savings Accounts opening journey
Customers can start earning 7% on savings Digital journey gives customers a branch-like experience at home, enabling KYC completion online MUMBAI, MAY 27, 2020 (GPN): Putting customers’ safety first, IDFC FIRST Bank today announced the…
Airtel Payments Bank and Mastercard to develop customized financial products for farmers and SMEs in India
Aim to deepen penetration of financial services in underbanked and unbanked regions. Will also develop a wide range of retail products to accelerate adoption of digital payments after the COVID19 lockdown is over HYDERABAD, MAY…
RBI’s rate cut to reduce cost of COVID loans for MSMEs offered by SBI to 7.0%
Mumbai circle of SBI disbursed Rs. 200 crore worth of COVID emergency loans so far MUMBAI, 25 MAY, 2020 (GPN): Reserve Bank of India’s move to reduce policy rate by 40 basis points on May 22,…
IDFC FIRST Bank Senior Management takes 10% pay cut
MD and CEO takes 30% cut in compensation MUMBAI, MAY 25, 2020 (GPN): IDFC FIRST Bank today announced that its senior management has volunteered to take a 10% cut in compensation in the current financial…
Canara Bank Releases Emergency Credit Facilities for MSMEs in the Midst of COVID-19
Bank has taken an initiative in disbursing the loans to all eligible existing customers at a faster pace and hassle-free BENGALURU, MAY 23, 2020 (GPN): In order to meet the temporary liquidity mismatch arising out of COVID-19…
IDFC FIRST Bank Q4 FY20 Profit after Tax at Rs. 72 crores
Strong growth in CASA deposits in Q4 20 Retail contributes 61% of Total Funded Book MUMBAI, MAY 23, 2020 (GPN): Financial results at a glance The Board of Directors of IDFC FIRST Bank, the bank created…
RBI Governor Shaktikanta Das cuts repo rates: Makes Loans Cheaper, Banks all set to drop FD rates
NEW DELHI, 22 MAY, 2020 (GPN) : In his third such address since the coronavirus-induced lockdown began on March 25, Reserve Bank of India (RBI) Governor Shaktikanta Das today cut the repo rate by 40 basis…