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Thursday, May 9, 2024

Punjab National Bank quarter 4 profit jumps nearly three-fold to Rs 3,010 crore

State-owned Punjab National Bank (PNB) on Thursday posted a nearly three-fold increase in net profit to Rs 3,010 crore for the fourth quarter ended March 2024, aided by improvement in core income and decline in bad loans.

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Bank employees take note! Supreme Court says interest-free loans given to bank staff taxable as fringe benefits

Supreme Court has ruled that the interest-free or concessional loans given by banks to employees are taxable fringe benefits. The Supreme Court has ruled that using the SBI interest rate as the benchmark is not an arbitrary or unequal exercise of power as the rule-making authority has not treated unequal as equals.

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RBI lifts curbs on Bank of Baroda app after 6 months



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Wednesday, May 8, 2024

RBI lifts restrictions on Bank of Baroda's Bob world app; bank can now onboard customers via app

The Reserve Bank of India (RBI) has decided to lift restrictions on Bank of Baroda's Bob World app with immediate effect, allowing the bank to onboard new customers through the application.

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AstraZeneca lifts FTSE 100 to record high; BOE rate decision on tap

London's FTSE on Wednesday 100 stock index soared to unprecedented levels, buoyed by AstraZeneca's strong performance. The pharmaceutical company's global decision to halt its COVID-19 vaccine distribution drove market optimism. Meanwhile, investors eagerly anticipated the Bank of England's announcement on interest rates. By 07:07 GMT, the blue-chip FTSE 100 edged up 0.4% at 8,345.31 to climb another all-time peak.

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