Mutual Fund or Bank deposit ?
Tourists are lined up for taking photos by the Charging Bull Statue in the financial district of New York City, United States on August 16, 2021.Tayfun Coskun | Anadolu Agency | Getty ImagesBonus season has arrived on Wall Street, and the bankers who produced record revenue last year for
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A man walks past a Wells Fargo Bank branch on a rainy morning in Washington.Gary Cameron | ReutersU.S. banks closed a record number of retail branches in 2021 as customers increasingly turn to digital banking and the industry consolidates.On net, U.S. banks shuttered 2,927 branches last year, according to
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L&T Financial Services reported a 12 per cent growth in net profit on a consolidated basis for the quarter ended December 2021. The company intensified its focus on retail loans which rose 29 per cent year-on-year to Rs 7600 crore. 2.0. The company’s retail portfolio mix now stands at 50%
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The resignation comes amid firefighting efforts by PTC India management, which has refuted corporate governance issues in the company. PTC has informed the stock exchanges about the resignation. Kacker, a retired bureaucrat, was also an independent director in PFS but his term expired on December 31. Source link
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on Friday said it has set up an internal committee to look into the governance issues in PTC Financial Services (PFS) as alleged by the NBFC’s outgoing independent directors. PTC India acting chairman and managing director Rajib Kumar Mishra questioned the independent directors’ intent to raise questions regarding 10-year
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IDBI Bank reported a 53% rise in net profit mainly due to a decrease in cost of funds which helped both net interest income (NII) and net interest margin (NIM). Net profit rose to Rs 578 crore in the quarter ended December 2021 from Rs 378 crore a year
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Private sector lender reported a 180 per cent jump in net profit at Rs 148 crore in the December quarter as against Rs 53 crore in the year ago period, helped by improvement in asset quality and Rs 51 crore write back in provisions. Its net interest income rose
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Fall in bad loan provisions helped report a 36 per cent rise in net profit at Rs 859 crore in the third quarter to December 31, 2021 against Rs 633 crore in the year ago period with bank management saying that the asset quality stress reached its peak. "The
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These are the stocks posting the largest moves before the bell. Source link
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New Delhi: Gold prices rose Rs 29 to Rs 48,340 per 10 grams in the national capital on Friday following overnight gains in the international precious metal prices, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 48,311 per 10 grams. Silver prices also soared
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