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RBI launches UDGAM, a centralised web portal for searching unclaimed deposits across multiple banks

To begin with, users would be able to access the details of their unclaimed deposits in respect of seven banks presently available on the portal, says RBI ....

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This new RBI portal will help find unclaimed FD, savings account money

To improve and broaden depositors and beneficiaries access to unclaimed data, the RBI has decided to create an online platform that will allow them to search across various banks for probable unclaimed deposits depending on user inputs. ....

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Unified Payments Interface (UPI) market size in India to grow by USD 65.49 trillion from 2021 to 2026: Instant and smooth money transfer process will drive growth

/PRNewswire/ The unified payments interface (UPI) market in India size is estimated to grow by USD 65.49 trillion from 2021 to 2026 at a CAGR of 132.98%. ....

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South Indian Bank shares zoom 159% from 52-week low; time to buy, sell or hold?

Shares of South Indian Bank Ltd are in focus today after the lender reported a strong set of earnings for the June 2023 quarter. The shares of South Indian Bank are already up 179% from their 52-week low of Rs 7.79 hit on August 12 last year. They have gained 176% in a year and risen 189% in a span of three years. In the last session, the banking stock almost touched its 52-week high of Rs 23.69 reached on July 13, 2023. The stock hit an intraday high of Rs 23.60, rising 3.64% against the previous close of Rs 22.77 on BSE. ....

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South Indian Bank shares crack 10% in two days, face resistance near Rs 24 level; is the upside capped?

South Indian Bank share price: On the earnings front, the lender reported a net profit of Rs 202.35 core in the June 2023 quarter (Q1 FY24), registering a growth of 75.42 per cent compared to Rs 115.35 crore in the year-ago period. Operating profit for the quarter increased by 54.74 per cent from Rs 316.82 crore in Q1 FY23 to Rs 490.24 crore in Q1 FY24.
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