Weekly Roundup: Here are the top updates from the BFSI sector (In case you missed them)
Indian Overseas Bank Q2 results: 33 per cent YoY growth reported
Indian Overseas Bank (IOB) climbed 1.39 per cent to Rs 21.95 following a 33.2 per cent increase in net profit to Rs 501.34 crore on a 15 per cent increase in total income to Rs 5,852.45 crore in Q2 FY23 over Q2 FY22.
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CERT-IN new directives and its expectations
CERT-IN new directives and its expectations views expressed by Kavitha Srinivasulu, Global Head, Cyber Risk & Data Privacy - BFSI - TCS.
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How AI is empowering the insurance sector to transform itself
The intelligent and well-informed utilisation of data, Artificial Intelligence (AI), and deep learning techniques are here to offer enormous growth opportunities to the insurance sector.
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SBI surpasses Reliance Industries to become the most profitable firm in Q2
State Bank of India has become the country's most lucrative corporate, with consolidated net income of 14,752 crore in the second quarter of FY23, surpassing Reliance Industries' net earnings of 13,656 crore.
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YES Bank likely to complete stressed asset sale to JC FLowers ARC by month-end
YES Bank expects to complete its stressed asset sale to JC Flowers ARC by the end of November, according to a top executive on Thursday.
Read More: https://bit.ly/3zYmGIV
India is making slow but steady efforts in harnessing its AI potential: Milan Ganatra, CEO, 1Silverbullet
To know more about the open finance APIs, Srajan Agarwal of Elets News Network, had an interaction with Milan Ganatra, Founder & CEO, 1Silverbullet.
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"Karnataka Bank reports 228 per cent hike in net profit during second quarter"
Karnataka Bank Ltd reported a net profit of 411.63 crore in the second quarter of 2022-23, up from 125.61 crore in the same quarter of 2021-22, a 227.70 per cent increase.
Read More: https://bit.ly/3EgysRv