Banking Sector

With credit cards constituting 1-20% of banks’ total loans, 30-80% of the cards being co-branded, and the recent increase in risk-weights — analysts of IIFL Capital Services expect the revenue to be impacted — less for large banks, but more for smaller banks and select NBFCs.

The partnership involves a comprehensive agreement with a total value of up to ₹150 Crore.

By the end of December, Kotak Mahindra Bank possessed a 9.80% share in KFin Technologies.

On March 11, the Supreme Court denied SBI's appeal for an extension until June 30, 2024.

Sectoral index story on risk, returns and valuations for February 2024.

Paytm and Payments Bank will stop inter-company relationships in order to dissociate their products and eliminate reliance.

The bank had received approvals from regulatory authorities for the plan to enhance its holdings in ICICI Lombard.

This revision applies to all Bank Nifty contracts, including weekly, monthly, and quarterly, shifting their expiry to Wednesdays

The Japanese investor's ownership in One97 Communications has decreased to 2.83% following this most recent sale.

Yes Bank emphasizes the importance of a proper KYC compliance process to be undertaken if the acquisition of these merchants succeeds.