ICICI Bank Q2 results: 10 key takeaways from the numbers and what lies ahead

ICICI Bank’s net NPAs, as on September 30, is at one percent. But if one takes into account the portion of loans that are not tagged NPAs following a Supreme Court (SC) order, the net NPA figure is 1.12 percent. This is still less compared with 1.23 percent in June. The bank has made Rs […]

UEFA Nations League: Ukraine stuns Spain; More German defending woes

It then really leapt up a notch with a bizarre stoppage time ruckus that saw Montenegro’s Marko Jankovic and Luxembourg’s Olivier Thill, a stoppage-time sub, sent off for violent conduct and the hosts’ Marko Simic shown a red card for a verbal incident.

The need to make room for interest-free banking

The analysis of Reserve Bank of India’s district-level data on deposit accounts, and population census data on urbanisation and religious composition suggests exclusion from financial deepening of Muslims. It is observed that number of deposit accounts per 100 population is significantly lower in districts where the proportion of Muslims in the population is higher.

Timo Plus Digital Bank is officially launched in a strategic parnership with Viet Capital Bank

Timo Plus’ goal is to provide a seamless digital banking experience using smartphones. Right from onboarding and authenticating users securely to a simple and easy-to-use interface – creating value through convenient and smart features designed with customers in mind is Timo Plus’ mandate. Timo Plus will invest significantly in training and developing personnel to continue to innovate […]

CBI books Wadhawans for Rs 200 cr loan fraud in Yes Bank

The Central Bureau of Investigation has booked HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, along with other directors and auditors in the firm, in an alleged Rs 200-crore loan fraud in Yes Bank involving Mack Star, officials said on Friday.

National Unity Day 2020: President, Amit Shah pay tributes to Sardar Vallabhbhai Patel

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UK PM Boris Johnson considering a new national lockdown for England

A new lockdown would heap fresh pressure on finance minister Rishi Sunak and the Bank of England(BoE) to increase their already huge support for the UK economy, the world’s sixth biggest. The economy slumped a record 20% in the spring and has been struggling to maintain its recovery.

National Unity Day 2020: 7 inspirational quotes by Sardar Vallabhbhai Patel

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CEOs and unions come together in 11th hour plea for Congress to save airline jobs

“The problem for us today is that [a vaccine] is so far over the horizon we put our companies at risk,” said Kirby. “By the time we get to March, even if we’re not past the coronavirus, and there’s a good chance we won’t be past it by then, but we’ll have a lot more […]

Coronavirus still around, PM Modi cautions nation ahead of festival season

“Until a vaccine against this pandemic is found, we should never allow the fight against corona to weaken… We should not forget that even if the lockdown is gone, the virus has not. With the effort of every Indian for the past seven-eight months, the situation today is stable. We should improve upon it and […]