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Financial Results for the Quarter/ Year ended as on 31st March 2023

9May

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BANK, ENGLISH, TAMILNADU

Financial Results for the Quarter/ Year ended as on 31st March 2023

Financial Results for the Quarter/ Year ended as on 31st March 2023 Bank’s Global Business reached ₹10.95 lakh Cr Operating Profit up by 47% YoY for Q4FY23 & 20% YoY for FY23 Key Highlights (Quarter ended Mar’23 over Mar’22) Net profit up by 47% YoY for Q4FY23 & 34% YoY for FY23 Net Profit up by 47% YoY at ₹1447 Cr in Mar’23 from ₹984 Cr in Mar’22 Operating Profit up by 47% YoY at ₹4016 Cr in Mar’23 from ₹2738 Cr in Mar’22 Net Interest Income increased by 29% YoY to ₹5508 Cr in Mar’23 from ₹4255 Cr in Mar’22 Fee based income grew by 12% YoY to ₹914 Cr in Mar’23 Cost-to-Income Ratio improved to47% in Mar’23 from 53.03% in Mar’22 Domestic NIM improved to 59% in Mar’23 from 2.87% in Mar’22 Return on Assets (RoA) improved to 82% in Mar’23 fro...

ICAR and World Bank issue Delhi Declaration on Modernisation of Agricultural Education

29Mar

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BANK, ENGLISH, HOLLY WOOD

ICAR and World Bank issue Delhi Declaration on Modernisation of Agricultural Education

ICAR and World Bank issue Delhi Declaration on Modernisation of Agricultural Education System at International Conference on Blended Learning Ecosystem Declaration highlights need to strengthen digital Infrastructure including digital e-learning content and deployment of emerging immersive technologies across Agricultural Higher Education Institutions Calls for a system-wide Digital Capacity Building Program across stakeholders - New Delhi, March 28, 2023. There is a need to strengthen digital Infrastructure including digital e-learning content and deployment of emerging im mersive technologies across Agricultural Higher Education Institutions in India. Institutionalizing a system-wide Digital Capacity Building Program across stakeholders to improve systemic digital compet...

YES BANK issues its first Electronic Bank Guarantee (e-BG) in partnership

27Mar

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BANK, ENGLISH, INDIA

YES BANK issues its first Electronic Bank Guarantee (e-BG) in partnership

YES BANK issues its first Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL) Mumbai, March 23, 2023 : YES BANK today, announced the issuance of its first Electronic Bank Guarantee (e-B G), in partnership with National E-Governance Services Limited (NeSL). The API integration with the Digital Doc ument Execution (DDE) platform of NeSL has enabled complete digitization of the existing paper-based process for issuance and maintenance of Bank Guarantee (BG). This digitized process, which includes digital stamping and signing, significantly reduces the issuance turnaround time (TAT) of Bank Guarantee (BG). The NeSL portal will manage the entire lifecycle of the BG including issuance , amendment, invocation and cancellation. This promises to ...

CITI NAMED BANK OF THE YEAR IN ASIA PACIFIC

14Mar

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BANK, ENGLISH, INDIA

CITI NAMED BANK OF THE YEAR IN ASIA PACIFIC

CITI NAMED BANK OF THE YEAR IN ASIA PACIFIC Hong Kong: Citi was recently recognized as ‘Bank of the Year’ in Asia Pacific at the International Financing Revi ew (IFR) Asia Awards 2022 based on a unanimous decision of the editors of IFR Asia, a leading industry magazi ne with a focus on capital markets. Citi was also named ‘Best Bond House’ in Asia Pacific for its ability to bring Asian issuers to the G3 market throu ghout the year against a backdrop of new geopolitical headwinds and rising interest rates, according to IFR Asia. The independent recognitions from IFR Asia, reaffirms the expertise and solution-driven approach of Citi’s capi tal markets and advisory teams in developing and executing complex transactions for clients in an ever-changing and challenging macro-environment...

The Missing Dulha’ campaign by HDFC Life takes a unique approach to educate viewers on life insurance

28Feb

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BANK, ENGLISH

The Missing Dulha’ campaign by HDFC Life takes a unique approach to educate viewers on life insurance

The Missing Dulha’ campaign by HDFC Life takes a unique approach to educate viewers on life insurance Mumbai, February 27, 2023 : HDFC Life, one of India’s leading life insurers, endeavours to educate consumers by creating differentiated content about its diverse suite of products in a manner that is both informative as well as entertaining. With its latest campaign, ‘The Missing Dulha’, HDFC Life aims to create awareness on the importance of life insur ance and its various product categories through a set of ten films with the help of a story that revolves around a groom who goes missing on his wedding day. Click the link below to watch the films: https://www.youtube.com/playlist?list=PLPV2NFEDCbD09DogQJHOvExILBgGgmDaw Aptly titled ‘The Missing Dulha’, these ten byte-sized films...

24Feb

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BANK, ENGLISH, HOLLY WOOD

SARASWAT BANK PARTNERS WITH TAGIT TO REVAMP ITS DIGITAL CHANNELS

SARASWAT BANK PARTNERS WITH TAGIT TO REVAMP ITS DIGITAL CHANNELS Mumbai/Singapore, 23 February 2023 : Saraswat Bank, India’s largest Urban Co-operative Bank has partnered with Tagit, a leading digital banking solutions provider, to implement omnichannel digital banking solutions for it s retail and corporate customers. The Bank with its spread across six states – Maharashtra, Goa, Gujarat, Delhi, Madhya Pradesh, and Karnataka, has total business over Rs. 71,000 crores as on March 2022 with a Net Profit of Rs. 275.02 crore. It also kept its NPAs at a low level of 0.65%, thus demonstrating a strong business position. The Mobeix Digital Banking platform will accelerate the Bank’s ability to launch new digital services allowing th e Bank to constantly innovate and scale as its custo...

Financial Results of the Bank for the third quarter 2022-23 (Q3)

25Jan

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BANK, ENGLISH, PRESS MEET, TAMILNADU

Financial Results of the Bank for the third quarter 2022-23 (Q3)

Financial Results of the Bank for the third quarter 2022-23 (Q3) (Net Profit zoomed by 38%) Tamilnad Mercantile Bank Ltd (TMB) one of the renowned Old Private Sector Banks, having its Head Quarter in Thoot hukudi has a long cherished history of 100+ years of eventful existence with strong fundamentals and an enviable tr ack record of continuous profit making in the industry. TMB having pan India presence with 511 branches and 12 Regional Offices across 16 states and 4 Union Territories serves more than 5 million delighted customers. The Board of Directors of Tamilnad Mercantile Bank Ltd took on record the reviewed results of the Bank for the third quarter of FY23 and nine months period ended December 2022 in their meeting held at Chennai on 23.01.2023. Shri. S. Krishnan, Man...

18Jan

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BANK, ENGLISH, INDIA

Mastercard announces the new phase of its flagship Girls4Tech™ program in India

Mastercard announces the new phase of its flagship Girls4Tech™ program in India The program will benefit over 10,800 girls from 30 government schools in Tamil Nadu Tamil Nadu, January 17, 2022 – Mastercard today announced the expansion of its signature Girls4Tech, STEM (Science, Technology, Engineering and Math) education program in India. Supported by the Mastercard Impact Fund, and in partnership with the American India Foundation (AIF), the expansion of the program aims to reach an additional 1 lakh female students across the country by 2024 to encourage them to take up STEM education. This includes 10,800 students in Tamil Nadu, as well as pupils from 30 government schools in Coimbatore where STEM courses will be offered to girls aged 8 to 14. In 2020-21, the program reached ...

Bank of India posted impressive growth in Net Profit, both annually and sequentially

17Jan

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BANK, NORTH INDIA NEWS, PRESS MEET

Bank of India posted impressive growth in Net Profit, both annually and sequentially

Bank of India posted impressive growth in Net Profit, both annually and sequentially Mumbai, 17 January 2023: Bank of India, a leading Public Sector Bank posted a rise by 20% sequentially in Net Profit at Rs. 1151 crore in the quarter ended December 31, 2022 (Q3FY23), driven by a steady rise in operating margins 8% sequentially. Bank has demonstrated significant improvement in various important parameters during the third quarter. Operating Profit has jumped to Rs. 3,652 crore up by 74% YoY and by 8% sequentially. The Return on Assets (RoA) stood at 55 bps. The NIM% is reported at 3.28%, driven by the Domestic NIM% of 3.72%. The growth in profitability is mainly contributed by the growth in Advances, more particularly on the growth in RAM and corporate segments. With better credi...

9Jan

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BANK, PRESS MEET, TAMILNADU

Equitas SFB unveils Equitas Thousand Lights Metro Station in Chennai

Equitas SFB unveils Equitas Thousand Lights Metro Station in Chennai Co-branding of Equitas Thousand Lights Metro unfurled in presence of Padma Shri Aruna Sairam, Kalaimamani Anil Srinivas and Kalaimamani Nithyasree Mahadevan Chennai metro network and Equitas Small Finance Bank’s solutions are both fast and smart for users https://youtu.be/DWqCMWGdnmE?t=9 Chennai, 9 January 2023: Starting 2023 on a bright note, Equitas Small Finance Bank Limited, one of the leading SFBs of the country, announces the co-branded Equitas Thousand Lights Metro Station in Chennai. As the first b ank from Tamil Nadu post-independent, Equitas is strongly connected to its roots in Chennai.Branding at the Th ousand Lights metro station indicates Equitas Small Finance Bank’s initiative to progress wit...