Banks

In the third quarter of fiscal year 2025, India's leading banks delivered a mixed financial performance, reflecting the evolving economic landscape. While some banks posted strong growth, others encountered challenges affecting profitability.

The RBI attributed the year-on-year (YoY) rise in the CAD to an increase in the merchandise trade gap, which swelled to $65.1 billion in Q1 FY25 compared to $56.7 billion in the corresponding period a year ago.

The three solutions are Aditi, a Virtual Relationship Manager; GyanSahay.AI, an employee knowledge management platform; and chatbot ADI

This can be credited to the general elections and heat waves across the country

While Punjab National Bank's performance was boosted by growth in Core Retail, State Bank of India's performance was driven by growth in Domestic Advances. Additionally, Indian Bank's stellar profit performance was due to its exceptional control over slippages

Every role in every bank is likely to benefit in some way from generative AI, it states

With the falling NIM (Net Interest Margin), several banks are facing challenges with market experts expecting weak numbers from most

The Kolkata-headquartered bank reported a net profit of INR 402 crore for the September quarter of FY24, which is a staggering increase of over 80 per cent on net profit reported in Q2 FY23

South Indian Bank (SIB), one of India's leading private sector banks with over nine-decade legacy has appointed PR Seshadri as its MD and CEO effective October 1, 2023.

Banks have long banked on two phenomena- if they can get the attention of customers when they are young, they can hold on to them for life and the customer-executive relation in a traditional physical space. But with time, the sector has aced spotting which change to adapt and which to avoid. Safe to say, they have been open to the adoption of Metaverse and virtual realities in their systems.

While the Asia-Pacific region, particularly India, has been a figurehead for fintech adoption, with UPI and other digital technologies, such as Aadhar, cross-border remittance continues to be a lengthy-tedious process.

The bank will offer an immersive 3D experience to the customers while performing traditional banking activities through their digital avatars

HDFC-HDFC Bank merger which is set to take place on July 1 will see HDFC shareholders getting 42 shares of HDFC Bank for every 25 shares they hold.

PM Mudra Yojana has played a vital role in funding the unfunded and ensuring a life of dignity as well as prosperity for countless Indians

The company plans to deploy the raised capital to ramp up its tech stack and double down on the existing product portfolio

They also highlighted that FTX was a high-profile crypto exchange and collapsed in November due to reported misappropriation of customer funds

Who once was revered as one of the most powerful Indian women is now sadly a not-so-small chink in the armor for ICICI Bank and the banking sector of the country

With the piling grievances of financial customers, RBI receives complaints under its new scheme

The ministry has also asked the banks to increase their share of credit to the industry and informed that government would survey banks and rate them in terms of their customer service

The company offers Vendor payout system, B2B invoice collection system, e-governance, customized bill payment and BBPS

The fund raised will used to expand the team in engineering, business development and enhance its product offerings