TMB profit rises 11% as bad assets fall, interest income grows
South-based private sector lender Tamilnadu Mercanatile Bank (TMB) on Monday reported a 11.5% rise in its net profit at Rs 261 crore for the first quarter of FY24, compared with Rs 234 crore in the year-ago period, owing to an increase in interest income and drop in bad assets. Total income stood at Rs 1,323 crore, […]
FM Nirmala Sitharaman pitches for stronger global rules to fight financial crimes
India pitched for further strengthening the global architecture to tackle financial crimes, money laundering, and tax evasion in a more synchronised and effective manner. “We hope that the G20 continues exploring the options to further strengthen the global architecture to fight financial crime and assist jurisdictions in enhancing their law enforcement capacity,” finance minister Nirmala […]