Central Bank of India profit jumps over 84% to Rs 571 crore in fourth quarter

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White label operator, India1Payments, to double the number of ATMs to 25,000 in 4-5 years

The company, which has been registering 30-35 per cent growth in turnover, has ended 2022–23 with revenues of around ₹560 crore

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L&T Finance Holdings Q4 PAT up 46%

The retail portfolio grew 35 per cent YoY to ₹61,053 crore, comprising 75 per cent of the total loan book

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Uday Kotak clarifies his statement, calling dollar as "financial terrorist"

Uday Kotak, the CEO of Kotak Mahindra Bank, clarified his earlier statement regarding the US dollar as the "biggest financial terrorist in the world" on Twitter. He said he meant that the US dollar's reserve currency status gives it disproportionate power that can regulate global trade, putting other countries in a position of dependency when transacting. Kotak urged India to build strong independent institutions & frameworks as prerequisites to make the Rupee a reserve currency

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Irdai asks insurance companies to lay down social media guidelines for employees

India's Insurance Regulatory and Development Authority (Irdai) has called on insurers to devise social media guidelines that prevent employees from disseminating unverified and confidential information about their employer via the platforms. The regulator said any information received by staff in any form should be cleared by the organisation's compliance team and corporate communication team before being posted on social media.

from Banking/Finance-Industry-Economic Times https://ift.tt/f1ROtoG

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