The pre-bank nationalisation experience has provided a learning and the mistakes of allowing large corporations into banking will never get repeated in India, veteran banker Narayanan Vaghul said.
RBI Governor Shaktikanta Das advises Indian banks to assess financial risks and build capital buffers beyond their minimum regulatory norms.
Boosted by higher interest income and lower provisions, IndusInd Bank posts 50% jump in standalone net profit to Rs 2,040.51 crore in Q4.
Bank of Baroda has got the board approval to raise up to $7 billion through bonds and issuance of certificates.
Among banks that lost most market cap in the top 10, Bank of Baroda and Axis Bank saw fall of 9.07% and 8.02%, respectively.
Behind RBI’s pause in interest-rate hikes was fear that further rise in pricing of home and other retail loans would put borrowers under extreme stress; growth concerns also weighed heavy.
Bank of Maharashtra has increased the marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenors; benchmark one-year MCLR is now 8.50%.
HDFC Bank will continue to aggressively add branches and mobilise deposits even as it awaits all regulatory clearances for the merger of parent, HDFC Ltd, with itself.
RBI’s proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues.
Under the MoU, IDFC First Bank will offer personalised finance options to customers looking to purchase Maruti Suzuki vehicles.
DBS Bank India will enter the affordable home loan segment during Q4; also plans to launch proprietary credit cards by June.
HDFC Bank will consider raising Rs 50,000 crore through bonds over the next 12 months on a private placement basis.
Despite RBI adopting a 'pause' policy, there's a strong possibility that interest rates would continue to climb. What made RBI Governor Shaktikanta Das say today’s monetary policy is a pause, not a pivot?
Bank of Maharashtra reports 30% credit growth and 15.7% rise in deposits for March quarter; total business crosses Rs 4 lakh crore milestone.
Canara Bank has introduced a premium payroll package for salary account holders; features include free term life insurance, Insta overdraft, free personal and air accident insurance coverage.
