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He told IANS that the data was compiled in an SBI report prepared by the bank's group chief economic advisor Soumya Kanti Ghosh.According to the SBI report, the number of jobs created in financial year 2014-23 is more than 4 times the 2.9 crore jobs created during 2004-14."Even if we exclude...

In Kolkata, Chandra Sekhar Ghosh, Managing Director and CEO of Bandhan Bank, announced his retirement from the position and expressed gratitude to account holders for their support over the past nine years.In a letter to the lender's clients, Ghosh acknowledged his pivotal role in the growth...

Thiruvananthapuram, Kerala Bank recorded a net profit of Rs 209 crore in the year 2023-24, with deposits, loans and overall business showing an upward trend, state Cooperation Minister VN Vasavan said on Monday.Vasavan was responding to a presentation moved by Leader of Opposition VD Satheesan...

New Delhi, Private sector Bandhan Bank on Saturday said its board approved the appointment of Ratan Kumar Kesh as interim MD and CEO with effect from July 10, a day after its founder MD and CEO Chandra Shekhar Ghosh left office. Is.The appointment is for a period of three months or till the...

Kolkata, Leading private bank Bandhan Bank has recorded impressive year-on-year growth in loans and advances to reach Rs 1,25,619 crore in June 2024, an increase of 21.8 per cent from the previous year's figure of Rs 1,03,169 crore. is more.The bank's total deposits also witnessed a...

New Delhi: Country's largest lender SBI on Thursday announced 11 new initiatives, including enhancing its digital banking functions and opening 35 new agricultural centralized processing cells, to mitigate risks in its agricultural loan portfolio. .On the occasion of its 69th Foundation Day...

New Delhi: ESAF Small Finance Bank on Monday absorbed around 5,200 employees of ESAF Swasraya Multi-State Agro Co-operative Society Ltd (ESMACO), a corporate business correspondent of the bank, as part of a strategic business restructuring.The bank will now directly manage the microcredit...

New Delhi: State-owned Punjab & Sind Bank plans to raise Rs 2,000 crore in the second half of this fiscal year through a qualified institutional placement (QIP) to fund business growth."The board has already given its approval and the merchant bankers should join in August," said Punjab & Sind...

The bank's total foreign exchange reserves fell to about $8.9 billion during the week ended June 21, the SBP said in a statement on Thursday.It said the net foreign reserves held by commercial banks stood at $5.3 billion, Xinhua news agency reported.According to the SBP, the South Asian...

State-owned Punjab & Sind Bank in New Delhi has signed an initial agreement with the Indian Army on a defense pay package that will include a number of facilities, including free insurance cover.To this end, a memorandum of understanding (MoU) has been signed.Apart from many features, the...

BENGALURU: State-owned Canara Bank on Sunday said its account on social media platform X has been 'compromised'."Canara Bank wishes to inform all concerned that the Bank's official Working closely with X to gain access." said in a statement.“We request users not to post anything on our " Is.

The hacker changed the username of the handle to 'ether.fi'.The official account (@canarabank) has around 2.55 lakh followers."Canara Bank wishes to inform all concerned parties that the official X (formerly Twitter) account of the bank has been compromised," the bank said in a statement...

Currently, Canara Bank's official account (@canarabank) has 2.55 lakh followers. However, the bank has not yet taken action in response.After the account was hacked till 1:30 pm, no new posts have been made on it.In a similar cyber attack on the night of June 17, the social media platform...

New Delhi, ESAF Small Finance Bank's Dabba Savings Account campaign has received global recognition and has won a bronze medal under the Sustainable Development Goals category at the Cannes Lions, said K Paul Thomas, its Managing Director.The campaign aims to promote financial inclusion, which...

PNNMumbai (Maharashtra) [India], June 22: Bank of Maharashtra (BoM), one of the country's leading public sector banks, on Friday paid a dividend check of Rs 857.16 crore for the financial year 2023- 24 to the Honorable Minister of Finance. Nirmala Sitharaman. The dividend was presented by...

Mumbai, The Reserve Bank's effort is to detect a crisis early and act accordingly, Governor Shaktikanta Das said on Thursday, asserting that not taking any action on the unsecured lending front would have created "bigger problems".The November 2023 action to curb the growth of riskier...

New Delhi (India), June 18: In times of uncertainty of rising prices, it becomes paramount for individuals with urgent financial needs, ranging from wedding expenses to medical emergencies or educational activities, to get quick financial relief and immediate access to funds. Can make a...

New Delhi: Given the current economic growth rate, SBI expects 14-15% loan growth during financial year 2024-25, the bank's Chairman Dinesh Kumar Khara said."Normally the way we look at it is that GDP growth rate plus inflation and 2-3 per cent on top of that. That gives us a number around 14...

MUMBAI: The country's largest lender SBI on Tuesday said small business loans will be the "focus" of growth and profit for the next five years.The state-owned lender launched a product named "SME (Small and Medium Enterprises) Digital Business Loan" under which loans will be approved in 45...

Mumbai: Bankers on Friday welcomed the growth forecast hike by the RBI, saying the Reserve Bank's decision to keep interest rates on hold was as expected.Indian Banks Association President M V Rao, who also heads the state-run Central Bank of India, said policy steps, status quo and stance on...