RBI names six-member committee under chairmanship of Sudarshan Sen, former RBI executive director, to review ARC norms; report to be submitted within 3 months.
HDFC Bank may take longer time than anticipated to be able to source new credit card customers as it struggles to sort out technical issues to convince RBI of lifting ban on launch of its digital 2.0 initiatives.
With banks asking for higher yields, RBI rejects all the three government securities that were put up for auction.
HDFC Bank’s Q4 net up 18.2% at Rs 8,186.51 crore on the back of robust loan growth and stable asset quality.
Top bosses of banks ask RBI to extend one-time restructuring scheme for MSMEs and retail loans in wake of resurgence of Covid-19 infections and concerns about rise in NPAs.
Axis Bank and its two subsidiaries will own 12.99% stake in Max Life; Axis has right to acquire another 7% stake.
HDFC Bank sees 17-quarter low in its loan growth in FY21 over the previous fiscal while deposit growth was at a 13-quarter low. Here is how other banks fared.
This is what banks are offering as interest rates on Fixed Deposits.
The IPO comprises fresh issuance of equity shares worth Rs 700 cr and an offer for sale by existing shareholders. The IPO size is expected to be Rs 1,100 cr.
SBI raises additional $1 bn from Japan Bank for International Cooperation to extend loans to help Covid-hit Japanese auto manufacturers in India.
Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank will receive Rs 14,500 cr via zero-coupon bonds.
Bank of India raises Rs 602 cr via Basel III compliant additional tier 1 bonds on 26 March, on private placement basis.
IDBI Bank looking to sell entire 25% stake in insurance biz to JV partner Ageas; also on hunt to sell mutual fund biz after RBI did not clear Muthoot's acquisition proposal.
In a rare move, 14 public sector bank officers were elevated to EDs at the same time.
