Utkarsh Small Finance Bank has reported a robust financial performance for the first quarter of the fiscal year, with its net profit surging by 28% to ₹137 crore. This significant increase in profitability underscores the bank’s successful strategy in expanding its operations and managing its financial assets efficiently. Financial Performance Over
V.P. Nandakumar on Manappuram Finance: 75 Years of Innovation and Achievement
As Manappuram Finance celebrates its 75th anniversary, V.P. Nandakumar, the company’s Chairman and Managing Director, reflects on the journey of this venerable institution and its remarkable achievements over the decades. From its humble beginnings to becoming a leading player in the financial services industry, Manappuram Finance has continu
Japan Government Cooperates with BoJ and FSA to Monitor Stock Markets, Says Finance Minister Shun’ichi Suzuki
In a bid to address recent volatility in the financial markets, Japanese Finance Minister Shun’ichi Suzuki has announced that the government is working closely with the Bank of Japan (BoJ) and the Financial Services Agency (FSA) to monitor and stabilize the stock markets. This coordinated effort underscores the government’s commitment to ensuring m
LIC Housing Finance Q1 Results: Net Profit Drops 2% to ₹1,300 Crore, NII Down 10% YoY
LIC Housing Finance, one of India’s prominent housing finance companies, has announced its financial results for the first quarter of the fiscal year. The company reported a 2% decline in net profit to ₹1,300 crore compared to the same period last year. Additionally, its Net Interest Income (NII) experienced a notable decrease of 10% year-over-year
Japan Seeks to Calm Market’s Nerves After Stock Price Fluctuations
In response to recent volatility in the stock market, the Japanese government and financial authorities are taking proactive measures to stabilize market conditions and restore investor confidence. The fluctuations in stock prices have raised concerns among investors and market participants, prompting a coordinated effort to address the underlying
SEBI Gives Go-Ahead to Bajaj Housing Finance’s ₹7,000 Crore IPO
The Securities and Exchange Board of India (SEBI) has granted approval for Bajaj Housing Finance’s Initial Public Offering (IPO), valued at an impressive ₹7,000 crore. This landmark decision is set to significantly impact the financial markets, providing Bajaj Housing Finance with a substantial platform for growth and expansion. The approval marks
7% Interest on Savings Account: DBS Bank Launches ‘Golden Circle’ for Elderly
DBS Bank, a leading financial institution in Asia, has introduced a groundbreaking initiative designed specifically for the elderly— the ‘Golden Circle’ savings account. This new offering promises an attractive interest rate of 7%, aimed at providing enhanced financial security and benefits for senior citizens. The launch of ‘Gold
Sundaram Finance Q1 Standalone Net Rises 9% to ₹308 Crore
Sundaram Finance, one of India’s leading non-banking financial companies (NBFCs), has reported a robust performance for the first quarter of the fiscal year, with its standalone net profit rising by 9% to ₹308 crore. This positive financial performance reflects the company’s strong operational execution and strategic initiatives, positi
Starving Gazans to Death May Be Right Thing to Do: Israeli Finance Minister
In a controversial and provocative statement, Israeli Finance Minister Bezalel Smotrich has suggested that starving Gazans to death could be a legitimate strategy. This statement has sparked widespread condemnation and concern, drawing reactions from international leaders, human rights organizations, and the global public. The remarks, made in the
SEBI Approves 5 IPOs, Including Bajaj Housing Finance
The Securities and Exchange Board of India (SEBI) has recently approved five Initial Public Offerings (IPOs), marking a significant boost for the Indian capital markets. Among the approved listings is Bajaj Housing Finance, a notable player in the financial sector. This development is poised to generate considerable investor interest and could have