Credit Card Contributions to NPS Level 2 Accounts No Longer Allowed
The Pension Fund Regulation and Development Authority (PFRDA) has stopped charging subscription fees through credit cards in tier-2 accounts in the National Pension System (NPS)....
Category : PERSONAL FINANCE
AU Small Finance Bank Launches QIP, Looks to Raise Rs 2,000 Crore
Private sector lender AU Small Finance Bank (SFB) started its qualified institutional placement (QIP) on August 3 to raise Rs 2,000 crore and set a...
PNB Raises Asset Quality Guidance, Aims to Lower Net NPA to 3.5% by March
State-owned Punjab National Bank has raised its asset quality guidance, aiming to reduce net non-performing assets (NPA) to 3.5% by March 2023 from 4.28% as...
South Indian Bank Net Profit Up 10-Fold in Q1, Asset Quality Improves
On Tuesday, South Indian Bank (SIB) announced a tenfold jump in net profit to Rs 115 crore in the first quarter of the 2022-23 financial...
RBI Allows IDBI Bank Bidders to Own More Than 40%
The government and LIC want to sell 51-74% of the lender through a strategic divestment. The official said the banking regulator had informed that it would...
Bandhan Bank Doubles Q1 Net Profit to Rs 887 Crore on Lower Bad Loans
On Friday, Bandhan Bank said its net profit doubled to Rs 886.5 crore in the June quarter between April-June 2022 and April-June 2023 on lower...
SBI Board Approves Rs 11,000 Crore Capital Raise Via AT1, Tier-II Bonds
The country’s largest lender, State Bank of India, plans to raise Rs 11,000 crore through additional tier-I and tier-II bonds to meet regulatory requirements and...
IndusInd Bank Q1 Net Up 64% to Rs 1,603 Crore on Surge in Net Interest Income
On Wednesday, IndusInd Bank reported that its standalone net profit for the first quarter of fiscal 2023 rose 64.4% year-on-year to Rs 1,603.29 crore, driven...
AU Small Finance Bank Q1 Net Growth Up 32% YoY to Rs 268 Crore, Down 23% QoQ
AU Small Finance Bank‘s net profit for the June quarter (Q1FY23) rose 32% year-on-year to Rs 268 crore on higher net interest income. The Jaipur-based...
Canara Bank Raises Rs 2,000 Crore by Issuing Basel III Compliant Bonds
On Tuesday, Canara Bank said it raised Rs 2,000 crore this month by issuing additional tier 1 bonds in line with Basel III. The bank...