Finance News

[ad_1] Kaizad Bharucha, executive director of HDFC Bank, emerged the highest earning banker for 2021-22 (FY22). This was revealed in a remuneration assessment of the country’s top bankers, according to annual reports. Bharucha, who oversees wholesale banking at HDFC Bank, received Rs 10.64 crore remuneration in FY22, mainly due to Rs 4.46 crore as performance bonus. Although ...

Mswipe Technologies gets RBI approval for payment aggregator’s licence Mswipe Technologies has received in-principle approval from the Reserve Bank of India (RBI) for a payment aggregator (PA) licence, said the company that provides point of sales (PoS) solutions and helps businesses with digital payments.   A payment aggregator is a third party responsible for managing and processing merchants’ online transactions. ...

Profit of public sector banks rises 9% to Rs 15,306 cr in June qtr All the 12 public sector banks earned a cumulative profit of about Rs 15,306 crore, registering a 9.2 per cent growth annually, despite poor showing by large lenders like SBI and PNB.   During the April-June period of the previous fiscal, state-owned banks recorded a total ...