PFRDA sweetens deal for NPS subscribers, ushers in T+2 settlement for partial withdrawal

Expands the bouquet of services eligible for T+2 timelines

from | The HinduBusinessLine https://ift.tt/W5H0PMR

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India Inc gravitating towards multiple banking

Companies with strong balance sheets are preferring MBA, said an executive director with a public sector bank

from | The HinduBusinessLine https://ift.tt/AkDfPcX

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Banks' net interest income soars by a record 25.5 pc in Q3: Analysis

Net interest income of banks grew by a record 25.5 per cent to Rs 1.78 lakh crore in the December 2022 quarter on-year, driven by a healthy credit off-take and higher yield on advances, according to an analysis. The quarter saw banks booking higher yields on advances as the system-wide core profitability metric net interest margin (NIM) rose by 17 basis points (bps) to 3.28 per cent.

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

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Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality

The bank has maintained the top slot in credit growth in percentage terms consistently for the past 10 quarters despite COVID-19 pressures.

from Banking/Finance-Industry-Economic Times https://ift.tt/pQ1V60O

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Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality

PSBs have logged a robust profit growth of 65 per cent at Rs 29,175 crore during the third quarter ended December 2022.

from | The HinduBusinessLine https://ift.tt/fOWn1qV

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