In the previous financial year, private sector banks reported a net profit of Rs 1.78 lakh crore, while state-owned banks reported Rs 1.41 lakh crore.
The seamless digital payment system facilitated by UPI has led to increased overspending on items that individuals may not necessarily require.
On Wednesday, the Air India Express took strict disciplinary action and handed out termination letters to some 30 protesting employees.
The airline has given an ultimatum to the remaining crew members reporting sick to join the work by 4pm Thursday or face termination.
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ICICI Bank’s NRI customers can use their international mobile numbers, registered with their NRE/NRO bank accounts in India, for UPI-powered bill payments, online and offline transactions.
The new campus will serve as a hub for American Express operations in India and is the largest campus opened by the company till date, a release by the company said.
According to the agreement, Adi Godrej and his brother Nadir will retain Godrej Industries, which comprises five listed companies, while their cousins Jamshyd and Smita will acquire Godrej & Boyce and a prime piece of land in Mumbai.
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