Mumbai: The Board Meeting of Shriram Finance Limited (SFL) (Formerly known as  Shriram Transport Finance Company Limited STFC)) was held today to consider the audited financial results for the fourth quarter and the year ended 31st March 2024.      Financials (Standalone) : Fourth quarter ended 31st  March, 2024 :   The Net Interest Income for the fourth quarter ended 31st March 2024 increased by 20.02% and stood at Rs. 5,336.06 crores as against Rs. 4,445.89 cr

As part of the ongoing voter awareness campaign in view of the Lok Sabha elections 2024, a grand SVEEP bike rally was organized on 25 April 2024 in which more than 500 bikers from Bilaspur participated and gave the message of voter awareness. The bike rally sponsored by SECL started from SECL Headquarters where SECL CMD Dr. Prem Sagar Mishra, District Collector and Chief Electoral Officer Mr. Avnish Sharan (I.A.S.), SP Mr. Rajnesh Singh (I.P.S.), Shri Amit Kumar, Commissioner Municipal Corpor

A two-member Indian Coast Guard delegation led by Additional Director General S Paramesh participated in the World Border Security Congress 2024 being conducted in Istanbul, Turkiye. The event was organized from April 24-26 in Istanbul. The Indian Coast Guard presented a maritime perspective to the Congress on “Maritime Border Challenges” and discussed potential solutions. The event further highlighted the meeting of Coast Guards and Border agencies across the globe, aim

 Tata Communications, the leading global comm tech (communications technology) player, proudly announces that it has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Global WAN Services for the 11th consecutive year. The evaluation from Gartner was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute. As per the report, providers in the Leaders quadrant are performing well and maintaining a stable organiza

Based on the quarter ending, the Net Profit increased by 44.95 % to Rs 1,218 crore in Q4FY24 on a Y-o-Y basis as against Rs 840 crore for Q4FY23. The same is increased by 17.59 % on a Q-o-Q sequential basis. Operating Profit has shown a growth of 19.10 % on a Y-o-Y basis to Rs 2,210 crore for Q4FY24 as against Rs 1,855 crore for Q4FY23. The same has improved by 9.82 % on a Q-o-Q basis Net Interest Income (NII) grew by 18.17 % on a Y-o-Y basis to Rs 2,584 crore in Q4FY24 as against Rs 2,187

These cards were unknowingly and erroneously linked to the wrong users in the bank's digital channels. The bank, however, has assured customers that the error has been rectified and there have been no reported instances of misuse. The lender has also promised to compensate any user who experiences financial loss due to the mistake. What comes alarming:  The issue came to light unexpectedly, causing concern among customers. The worried Bank customers use social media to express the

 The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs 32,000 crore. The auction is scheduled to take place on Friday and aims to facilitate the sale or (re-issue) of Government Securities through a multiple price-based method. "Underwriting Auction for sale of Government Securities for Rs32,000 crore on April 26, 2024 Government of India has announced the sale (re-issue) of Government Securities, as detailed below, th

The first edition of the Institute for Energy Economics and Financial Analysis (IEEFA) and Ember’s State Electricity Transition (SET) report in 2023 analyzed 16 Indian states to help identify the areas that require action and attention at the state level. This year’s report builds on that work by expanding the scope to 21 states. The dimensions and parameters for assessing states have also been refined to reflect the relevance of the parameters to the status of states’ ele

As per the circular, the ceiling on bank credit linked to the Net Owned Fund (NOF) of NBFCs has been withdrawn in respect of all NBFCs that are statutorily registered with RBI and are engaged in the principal business of asset financing, loan, factoring, and investment activities.  Accordingly, banks may extend need-based working capital facilities as well as term loans to all NBFCs registered with RBI and engaged in infrastructure financing, equipment leasing, hire-purchase, loan, facto

New Delhi: The table turns for Axis Bank, the bank has emerged as the fourth most valued bank in India, overtaking Kotak Mahindra Bank. This happens when Kotak Mahindra Bank has been stopped by RBI to onboard the new customers online due to security concerns and deficient IT infrastructure.  Due to all this incident, Kotak Mahindra Bank's shares plummeted by nearly 12% on Thursday after the RBI imposed restrictions on the bank, barring it from onboarding new customers digitally and i