SBI, Axis Bank, ICICI Bank, others buy stakes in fintech firm IBBIC
Incorporated in May this year, IBBIC platform offers distributed ledger technology (DLT) solutions to the Indian financial services sector.
Canara Bank restructures loans worth Rs 13,000 crore, MSME, retail worst hitProfits nearly tripled to Rs 1177 crore at the end of the June quarter as fee income and treasury gains grew sharply. The lender had reported profits of Rs 406 crore in the corresponding period last year. Though it’s net interest income was flat at Rs 6,147 crore from Rs 6,096 crore in Q1FY21.
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