India Banking News Monitoring

Sri Lanka central bank net foreign exchange reserves rise to $310mn

ECONOMYNEXT – Sri Lanka central bank’s net foreign assets rose to about 310 million US dollars in November 2024, official data show, as it bought foreign exchange outright through deflationary policy and also settled reserve related liabilities. Net …

Central Bank of India Q3 Results: Net profit surges 33% YoY to ₹959 crore; NII grows 12%

Central Bank of India on Monday, January 20 posted a 33% year-on-year (YoY) increase in standalone net profit to ₹958.93 crore for the December 2024 quarter of the current financial year (Q3 FY25). The profit stood at ₹717.86 crore in the same period last …

Central Bank of India Q3 Profit Jumps 33% to Rs 959 Crore

India's Wipro eyes best day in four years on echoing IT peers' demand revival hopes

Wipro's shares surged about 8 per cent on Monday, set for their best day in nearly four years, after India's No. 4 IT services company joined its peers in signaling a revival in demand. The company beat third-quarter revenue and profit estimates on …

The Banking sectors eroding economic value

In the aftermath of the global financial crisis (GFC), the banking sector has witnessed its best two years since 2007–2009. With global revenues surpassing $7 trillion and net incomes of $1.1 trillion, the sector has demonstrated healthy profitability, …

iSPIRT & UGRO Capital unveil PSLAI, Priority Sector Lenders Association of India

By Gloria Mathias Today Financial Technology Fintech news India FinTech news The Priority Sector Lenders Association of India (PSL Association, or PSLAI), formed as a Section 8 company, has been conceptualised to make loans under the Priority Sector …

India’s non-metro cities outpace metros with 175% payment growth

By Gloria Methri Today Card Payments Cat B and Cat C cities digital payments in India India’s digital payment revolution is no longer confined to its bustling metros. According to a new whitepaper by Visa, Bridging the Gap: Payments in India Beyond Metros, …

Bharti Airtel and Bajaj Finance Partner to Launch One of India’s Largest Digital Financial Services Platforms

Bharti Airtel, one of India’s largest telecom service providers, and Bajaj Finance, the country’s leading private-sector Non-Banking Financial Company (NBFC), have formed a strategic partnership aimed at creating one of India’s largest digital platforms …

Stay Ahead with Laptop Rentals: How Get It Rent Supports Business Growth in India

Share Tweet Share Share Email In today’s rapidly evolving business landscape, flexibility and efficiency are paramount. As companies across India adapt to dynamic work environments, the demand for accessible and up-to-date technology has surged. Opting to …

Waza unveils multi-currency banking platform for emerging markets

By Gloria Methri Today Africa B2B Cross Border Payments B2B Payments B2B payment provider Waza has launched a new multi-currency account platform, Lync, that combines foreign exchange (FX) liquidity solutions with a cutting-edge banking experience to power …

Dixon Technologies shares jump nearly 2% after subsidiary signs MOU with KHY Electronic India

Dixon Technologies shares climbed nearly 2% after its subsidiary, IsmartU India Private Limited (IIPL), signed a Binding Memorandum of Understanding (MOU) with KHY Electronic India Private Limited (KHY) on January 18, 2025. As of 11:45 AM, Dixon …

Julius Baer sees end to S&P 500’s bull run; positive on US banks

WITH inflation again becoming a point of concern for the US Federal Reserve, Julius Baer said investors should broaden out their portfolios beyond the magnificent seven tech stocks and consider sectors such as banking. The Swiss private bank also sees …

Dubai Internet City’s MD Explains Why India Is A Magnet For Dubai Investors

India’s rapid growth in the digital economy has caught the attention of many countries, including Dubai. India is expected to become a trillion-dollar digital economy by FY26, which means it is becoming a key player in the global innovation scene. Dubai …

Silent Revolution Underway In India’s Non-Metros: Card Spending Grows 175 Per Cent Since 2019

Credit Gap Persists in Non-Metro Cities The progress in digital payment adoption has been immense, however, credit penetration in Cat B and Cat+ cities remains limited, the data shows. In 2019, formal credit penetration stood at 42 per cent in metros and …

FICCI Economic Outlook Survey projects India’s FY25 GDP growth at 6.4%

The Economic Outlook Survey by the Federation of Indian Chambers of Commerce and Industry (FICCI) projects an annual median gross domestic product (GDP) growth of 6.4 per cent for fiscal 2024-25 (FY25).The latest forecast marks a moderation from 7-per cent …

Business News | AIBI Annual Convention 2024-25 To Spotlight IPOs As Catalysts for India's Global Economic Ascent

BusinessWire India Mumbai (Maharashtra) [India], January 20: The Association of Investment Bankers of India (AIBI) is set to host the much-anticipated 13th edition of its Annual Convention scheduled for 21st January 2025 at the prestigious Jio World …

Opinion: Does The BJP Need Congress's Help In Delhi?

The Battle of Delhi is intensifying, with Rahul Gandhi joining the election campaign. The Enforcement Directorate (ED) has received approval from the Home Ministry to prosecute Arvind Kejriwal in the alleged liquor scam. The Bharatiya Janata Party (BJP) …

Tiger Global-Backed Groww Picks Bankers For Its IPO: Report

SUMMARY The investment tech platform Groww has picked banks, including JPMorgan Chase & Co. and Kotak Mahindra Bank for its potential IPO targeted for this year The company could raise $750 Mn or more and may seek a valuation of $7-$8 Bn Groww more …

Groww IPO: Fintech gears up to go public, likely picks JPMorgan, Kotak as bankers to issue

Billionbrains Garage Ventures Pvt. Ltd. has picked banks including JPMorgan Chase & Co. and Kotak Mahindra Bank Ltd. for a potential Mumbai initial public offering, according to people familiar with the matter. The company behind financial services …

Intelligence Enabled: Pascaline Technology Unveils Veloxity™ FPGA Cards

Pascaline Technology Introduces Veloxity™ Series FPGA Cards for AI and ML, FinTech, Biotech, Research, Crypto currency Markets BELLEVUE, WA, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- Today, Pascaline Technology announces the launch …

Navigate Social Security With Legal Guidance and Resources

RENO, NV, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- Social Security benefits are a vital source of financial security for millions of Americans. However, figuring out the application and appeals process can be complex and daunting. …

Plant-Based Streaming TV Network Launches FAST Channel to Broaden Reach Globally

SoFast Powers UNCHAINEDTV: The Only FAST Channel Dedicated to a Sustainable, Plant-Based Lifestyle HOLLYWOOD, CA, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- UnchainedTV, the groundbreaking streaming channel that delivers 24/7 …

Empowering Small Businesses in Oregon Through Strategic Bookkeeping and Accounting Solutions

Small businesses in Oregon can achieve sustainable growth with advanced bookkeeping solutions, streamlining operations and improving accuracy. MIAMI, FL, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida, January 20, 2025: The …

LawyersInIsrael.org Connects Clients with Legal Professionals Across Israel

LawyersInIsrael.org Connects Clients with Expert Legal Representation and Offers Law Firms a Platform to Reach Potential Clients Across Israel. MINSK, BELARUS, January 20, 2025 /⁨EINPresswire.com⁩/ -- LawyersInIsrael.org helps individuals and …

Innovative Financial Accounting Services in Washington Reshape Business Strategies Across

Innovative Financial Accounting Services in Washington offer customized solutions for efficiency, accuracy, and sustainable business growth. MIAMI, FL, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- Miami, Florida, January 20, 2025: The …

Samarth Shah Discusses Data Challenges, AI Integration, and the Future of Cloud Computing Solutions

Samarth Shah shares insights on data scalability, AI-cloud integration, and future trends in distributed systems. SAN FRANCISCO, CA, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- In a recent interview, Samarth Shah shared valuable …

Shush Inc. Achieves SOC 2 Compliance, Demonstrating Commitment to Security and Privacy

Setting New Standards in Security and Privacy for Trusted Communications DALLAS, TX, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- Shush Inc., a leading innovator in secure communications technology, proudly announces the successful …

Online Accounting Services in Nevada Commences Major Transformation

Nevada's online accounting services industry is evolving with AI, cloud solutions, and predictive analytics, driving efficiency and growth. MIAMI, FL, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- MIAMI, Florida, 20 January 2025 – …

Outsourced Bookkeeping and Accounting Services in Washington Set to Recast the Industry

Outsource bookkeeping for small businesses in Washington to streamline operations, reduce costs, and ensure compliance. MIAMI, FL, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- MIAMI, Florida, January 20, 2025 – The outsourced …

United Community Bank Foundation Honors Martin Luther King Jr. Day through service and support across the Southeast

United Community Banks, Inc (NYSE:UCB) GREENVILLE, SC, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- In commemoration of Martin Luther King Jr. Day, the United Community Bank Foundation is pledging $30,000 in donations to Goodwill …

Sotheby’s Concierge Auctions: Bidding Opens at US$3.3 Million for Tucson Architectural Masterpiece by Josias Joesler

Auction closes live at The Arizona Biltmore in Cooperation with Thalia Kyriakis of Russ Lyon Sotheby’s International Realty NEW YORK, NY, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- Sotheby’s Concierge Auctions announced today that …

The European Magazine Announces Award Winners 2024

The European Magazine has announced the final full list of winners in their 2024 awards. LONDON, UNITED KINGDOM, January 20, 2025 /⁨EINPresswire.com⁩/ -- The European is proud to announce the final full list of winners in The European Awards 2024, …

Jonathane Ricci and JR Wealth Management Unveil Proactive "Fortress Planning" Strategy to Navigate Economic Uncertainty

JR Wealth Management introduces "Fortress Planning," a proactive strategy to safeguard assets and navigate economic uncertainty. TORONTO , ONTARIO, CANADA, January 20, 2025 /⁨EINPresswire.com⁩/ -- In response to growing concerns about …

Viscadia Presenting at PMRC USA 2025, Feb 5-6, Newark, NJ

WASHINGTON, DC, VA, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- Viscadia, a premier global forecasting firm renowned for empowering life sciences companies with clarity and confidence through forecasting, proudly announces its …

43% of Global Consumers Have Used Cryptocurrency, New TGM Research Study Across 34 Countries Finds

TGM’s global survey across 34 countries highlights shifting payment habits, growing digital wallet usage, and mainstream cryptocurrency adoption. SINGAPORE, January 20, 2025 /⁨EINPresswire.com⁩/ -- TGM Research, a technology-driven market research …

EOR.by Launches Human-Centric Employer of Record Services in Belarus

EOR.by Launches Comprehensive Employer of Record Services in Belarus, Streamlining Workforce Management for International Companies. MINSK, MINSK, BELARUS, January 20, 2025 /⁨EINPresswire.com⁩/ -- EOR.by announces the launch of its comprehensive …

Bookkeeping Services in the USA: How IBN Technologies Empowers Startups to Scale in 2025

Discover how IBN Technologies' expert bookkeeping services help USA startups streamline finances and scale in 2025! MIAMI, FL, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- The global bookkeeping services market is experiencing …

Business Owners and Tax Professionals Streamline Operations for 2025 with Financial Process Outsourcing in California

Achieve financial stability in 2025 with California’s expert Financial Process Outsourcing solutions for businesses . MIAMI, FL, UNITED STATES, January 20, 2025 /⁨EINPresswire.com⁩/ -- As businesses and tax professionals prepare for the evolving …

Burial Insurance Market Research Analysis, Size, Demand, and Forecast 2022-2033

The Burial Insurance market is expected to grow from an estimated USD 291.5 million in 2024 to USD 492.5 million in 2033, at a CAGR of 6.00%. VANCOUVER, BRITISH COLUMBIA, CANADA, January 20, 2025 /⁨EINPresswire.com⁩/ -- The global burial …