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Banks Want In on Tether’s Billions in Stablecoin Profits
Traditional banks are seemingly taking efforts to experiment with stablecoins after Tether boasted of billions in profits. Earlier this year, Societe Generale - Forge made its Euro-backed stablecoin. Oddo BHF SCA and London-based Revolut are also working on stablecoins.
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Didn't Pay Salary To SEBI Chief After Retirement: ICICI On Congress Claim
Madhabi Puri Buch, the chairperson of SEBI (Securities and Exchange Board of India), has not been paid any salary since her retirement, ICICI bank said today, denying Congress's "office of profit" claims.
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SBI Net Profit Almost Flat At Rs 17,035 Crore In April-June Quarter
State Bank of India (SBI) today reported an almost flat standalone net profit at Rs 17,035 crore for the first quarter of the current financial year.
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HDFC Bank Net Profit Surges 33% To Rs 16,474 Crore In June Quarter
HDFC Bank's consolidated net profit grew 33.17 per cent to Rs 16,474.85 crore in the June 2024 quarter.
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India's Financial System Is Now In "Much Stronger Position": RBI Governor
RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.
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Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery
A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and
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Singapore's Biggest Bank Cuts CEO's Pay By Millions on Digital Banking Outage
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's compensation got hit due to digital disruptions
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Deutsche Bank To Lay Off 3,500 People After Drop In 2023 Profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.
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Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
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PNB Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters
Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter - the highest in the previous 14 quarters - on the back of higher interest income and improved credit quality.
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SBI Posts Highest-Ever Quarterly Profit Of Rs 16,884 Crore
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
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Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore
State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
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Axis Bank Q1 Net Profit Rises 40% To Rs 5,797 Crore
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
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Kotak Mahindra Bank's 67% Profit Jump Beats Expectations
India's Kotak Mahindra Bank beat expectations on Saturday with a 67% year-on-year rise in quarterly net profit, helped by higher net interest income and robust loan growth.
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Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
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Banks Want In on Tether’s Billions in Stablecoin Profits
Traditional banks are seemingly taking efforts to experiment with stablecoins after Tether boasted of billions in profits. Earlier this year, Societe Generale - Forge made its Euro-backed stablecoin. Oddo BHF SCA and London-based Revolut are also working on stablecoins.
-
Didn't Pay Salary To SEBI Chief After Retirement: ICICI On Congress Claim
Madhabi Puri Buch, the chairperson of SEBI (Securities and Exchange Board of India), has not been paid any salary since her retirement, ICICI bank said today, denying Congress's "office of profit" claims.
-
SBI Net Profit Almost Flat At Rs 17,035 Crore In April-June Quarter
State Bank of India (SBI) today reported an almost flat standalone net profit at Rs 17,035 crore for the first quarter of the current financial year.
-
HDFC Bank Net Profit Surges 33% To Rs 16,474 Crore In June Quarter
HDFC Bank's consolidated net profit grew 33.17 per cent to Rs 16,474.85 crore in the June 2024 quarter.
-
India's Financial System Is Now In "Much Stronger Position": RBI Governor
RBI Governor Shaktikanta Das on Thursday said that the Indian financial system is in "much stronger position," characterised by robust capital adequacy, low levels of non-performing assets, and healthy profitability of banks and non-banking lenders.
-
Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery
A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and
-
Singapore's Biggest Bank Cuts CEO's Pay By Millions on Digital Banking Outage
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's compensation got hit due to digital disruptions
-
Deutsche Bank To Lay Off 3,500 People After Drop In 2023 Profit
Germany's biggest lender Deutsche Bank on Thursday announced plans to slash 3,500 jobs as part of a major cost-cutting drive after its net profit fell in 2023.
-
Citigroup To Cut 20,000 Jobs In Next 2 Years
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
-
PNB Net Profit Zooms 327% To Rs 1,756 Crore, Highest In 14 Quarters
Public sector lender Punjab National Bank (PNB) today reported a 327 per cent jump in net profit to Rs 1,756.13 crore in the September quarter - the highest in the previous 14 quarters - on the back of higher interest income and improved credit quality.
-
SBI Posts Highest-Ever Quarterly Profit Of Rs 16,884 Crore
The State Bank of India (SBI) on Friday reported its highest-ever quarterly profit at Rs 16,884 crore in the April-June quarter of 2023-24 -- a nearly three-fold jump over Rs 6,068 crore in the year-ago period -- buoyed by a steep fall in bad loans and higher interest income.
-
Punjab National Bank Q1 Profit Surges 4-Fold To Rs 1,255 Crore
State-owned Punjab National Bank (PNB) on Wednesday posted a four-fold surge in standalone net profit at Rs 1,255 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
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Axis Bank Q1 Net Profit Rises 40% To Rs 5,797 Crore
Private sector lender Axis Bank on Wednesday posted a 40.5 per cent increase in standalone net profit at Rs 5,797 crore in the April-June quarter, mainly due to decline in bad loans and improvement in interest income.
-
Kotak Mahindra Bank's 67% Profit Jump Beats Expectations
India's Kotak Mahindra Bank beat expectations on Saturday with a 67% year-on-year rise in quarterly net profit, helped by higher net interest income and robust loan growth.
-
Public Sector Banks Earlier Known For NPAs, Now For Record Profits: PM Modi
Prime Minister Narendra Modi today hit out at the previous UPA government, saying while it destroyed the banking sector with "scams" his dispensation has restored its good financial health, with India now known for the sector's strength.
