JPMorgan Chase & Co. has started a new round of layoffs in Asia, cutting at least seven more investment-banking jobs, according to people familiar with the matter.

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The Nifty settled 0.96% higher at 22,635.05, and the Sensex rose 1.28% to end at 74,671.28.

Including other income, the Bengaluru-based startup's topline came in at Rs 53 crore, compared to Rs 40 crore in FY22.

HDFC Bank had requested its customers to use alternative payment methods such as MobileBanking and Payzapp.

This was one of the suggestions made at an inter-ministerial meeting held recently with the objective of furthering cyber security and checking financial fraud, sources said.

Satish Kumar will be overlooking the lender's businesses covering mid-market, business banking, treasury, transaction banking and others.

The downside for the banking sector looks very limited in the short term, says Ruchit Jain of 5Paisa Capital.

In February 2024, there has been pressure on outstanding spreads due to growing competition among banks.

Credit growth remains strong, with personal loans outpacing other sectors

To control the annual transactions of a widely estimated $2-3 trillion from illegal trade through the global banking network, We are talking to banking associations around the world to set up a mechanism to check on transactions, he said.

According to the draft guidelines, banks are required to ensure that their information or service counters are accessible to all users.

European stocks are hovering near record levels as investors get ready for the US Federal Reserve and Bank of England interest rates decisions later this week.

Set on path to becoming a Rs 5 trillion business mid-sized bank

The Reserve Bank on Friday said it has been selected for the Risk Manager Award by the London-based Central Banking as part of Central Banking Awards 2024.

To resume the uptrend towards all-time high levels, bank index must decisively surpass the mark of 47,700, LKP Securities' Kunal Shah said.

Currently, internet banking transactions that are processed through payment aggregators are not interoperable.

Retail loan growth aided by unsecured personal loan growth; pickup in secured retail