DBS Group bullish about India, to grow through 'phygital' model in country: says CEO Piyush Gupta

"Our digital capabilities have helped us serve our customers seamlessly even during the pandemic in all our markets, including India. Our suite of digital offerings helped MSMEs (Micro, Small and Medium-sized Enterprises) in India meet working capital needs and operational liabilities," underlined the tech-savvy banking veteran. DBS also helped MSMEs in India to navigate the challenging business environment by disbursing loans to the segment during the lockdown months.

from Banking/Finance-Industry-Economic Times https://ift.tt/GlcouML

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SBI Chief expects to sustain 15% credit growth in the remaining quarters of FY23

Chairman Dinesh Kumar Khara emphasised that there is hardly any challenge in the corporate loan book

from The HinduBusinessLine - Money & Banking https://ift.tt/ie2J1f3

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IndoStar Capital logs net loss of ₹754 cr in March quarter

The company had said in June that results were being delayed due to audit review

from The HinduBusinessLine - Money & Banking https://ift.tt/FX5BnmS

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SBI's Q1 net profit falls 6.7% to ₹6,068cr on bond provisions

State Bank of India reported a net profit of Rs 6,068 crore for the quarter ending June 2022, a decline of 6.7% over Rs 6,504 crore in the corresponding quarter last year, due to provisions of over Rs 6,500 crore on its government bond portfolio following a rise in interest rates.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XIWZMCV

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IOB eyes a strong balance sheet in two years on progressive growth in results

Posts 20% growth in Q1 net at ₹392 cr  

from The HinduBusinessLine - Money & Banking https://ift.tt/gRYEkXh

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