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Bank of Maharashtra Q3 PAT jumps two-fold to Rs 775 cr due to asset quality State-run Bank of Maharashtra (BoM) on Monday reported a two-fold jump in its standalone profit after tax (PAT) at Rs 775 crore in the quarter ended December 2022 due improved asset quality. The Pune-based bank had posted a net profit of ...

Paytm bank gets RBI nod to operate as Bharat Bill Payment Operating Unit Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit (BBPOU). Under Bharat Bill Payment System (BBPS), a BBPOU is allowed to facilitate bill payment services ...

Rupee weakens amid thin volumes on FII outflow, greenback rebound The rupee weakened sharply against the US dollar on Monday amid sparse trading volumes as some foreign banks purchased the greenback, likely on account of overseas investors exiting the domestic market, dealers said. The domestic currency closed at 81.62 per US dollar versus 81.34 at ...

Active vs passive mutual funds: Where should you invest? [ad_1] In recent years, the active versus passive debate has intensified. On social media platforms, it’s a slugfest replete with mudslinging, half-truths and outright lies. The active backers swear by the wisdom and capabilities of the haloed fund managers. They frown upon indexing as lazy, and insist that better rewards await ...

Increased provision on CET1 for loan loss to be phased out: RBI paper The increase in provisioning requirement on common equity tier-I (CET1) capital for loan loss, which will be incurred by scheduled commercial banks due to transition to expected credit loss (ECL) model, will be phased out in five years, the Reserve Bank of India (RBI) ...

Consider stocks that display asset efficiency: 6 stocks with up to 25% upside potential [ad_1] Improved turnover ratios can potentially generate above average returns in the medium to long run. [ad_2]

RBI prior approval now a must for picking up over 5% stake in banks The Reserve Bank of India (RBI) on Monday said any person looking to acquire more than 5 per cent stake in a bank will need prior approval from the regulator. “Any person who intends to make an acquisition, which is likely ...

Family finance: Why the Bajajs will meet all their money goals [ad_1] Ajay & Supriya Bajaj are both employed and bring in a combined salary of Rs.4.4 lakh a month. They have a two-year-old child and live in a rented house in Mumbai. They also own a house worth Rs.55.9 lakh, which fetches them a rent of Rs.11,000 a month, ...

Securitisation volumes see over 40% YoY uptick in 9-month of FY23: Crisil Securitisation volumes have topped Rs 1.15 trillion in the first nine months of the current financial year (FY23), up 42 per cent year-on-year (YoY) from the year-ago period, as market activity in the October – December quarter continued with the momentum witnessed in the first ...

5 things to know about investing in post office schemes [ad_1] 1.Small savings schemes are instruments used by the Central Government to encourage citizens to save regularly. 2.The small savings instruments include PPF, SSY, SCSS, NSC, post offi ce deposits and KVP. 3.They typically provide returns that are usually higher than bank fixed deposits. 4.They also come with a sovereign ...