Bank of Baroda plans to divest 49% stake in credit card arm

Bank of Baroda plans to divest 49% stake in credit card arm

State-owned Bank of Baroda (BOB) plans to sell up to 49% stake in its credit card business arm, BOB ..

Muthoot Microfin plans Rs 1,350-crore IPO

Muthoot Microfin plans Rs 1,350-crore IPO

Muthoot Microfin, the microfinance subsidiary of Muthoot Pappachan group, plans to raise Rs 1,350 cr..

An era in HDFC ends as Deepak Parekh hangs up his boots

An era in HDFC ends as Deepak Parekh hangs up his boots

After 45 years of running HDFC Ltd and overseeing the growth of India’s largest private sector bank ..

Debadatta Chand takes charge as MD & CEO of Bank of Baroda

Debadatta Chand takes charge as MD & CEO of Bank of Baroda

Debadatta Chand has taken charge as the managing director and chief executive officer of Bank of Bar..

Board approves 1 July as effective date of HDFC-HDFC Bank merger

Board approves 1 July as effective date of HDFC-HDFC Bank merger

The boards of HDFC Bank and HDFC on Friday gave their approval to the merger, effective 1 July. The ..

Aim is to create a new HDFC Bank every 4 years: CEO Jagdishan

Aim is to create a new HDFC Bank every 4 years: CEO Jagdishan

HDFC Bank managing director and CEO Sashidhar Jagdishan has a new ambition to chase. The HDFC-HDFC B..

Net profit of state-run banks tripled to Rs 1.04 lakh crore in FY23

Net profit of state-run banks tripled to Rs 1.04 lakh crore in FY23

The profit of public sector banks (PSBs) in the last nine years has tripled to Rs 1.04 lakh crore du..

Post-merger, HDFC to rank as one of world’s most valuable banks

Post-merger, HDFC to rank as one of world’s most valuable banks

The merger of parent HDFC with HDFC Bank will make it one of the world’s most valuable banks, markin..

Govt hikes interest rates on select small savings schemes

Govt hikes interest rates on select small savings schemes

The government has hiked interest rates on select saving schemes by up to 30 basis points for the Ju..

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

The share of loans bearing over 9% interest rate rose to 56.1% in March 2023 from 31.4% a year ago, ..

Retail loans pace up, large borrowers' share falls

Retail loans pace up, large borrowers' share falls

Retail loans have grown faster and the share of large borrowers in gross advances have declined succ..

Credit card bad debt doubles to 18% for state-run banks: RBI

Credit card bad debt doubles to 18% for state-run banks: RBI

Bad debt from credit cards in public sector banks has doubled to 18% at the end of FY2023, the Reser..

DICGC settles deposit claims worth Rs 752 crore in FY23

DICGC settles deposit claims worth Rs 752 crore in FY23

After bloating in FY22, the claims settled by Deposit Insurance and Credit Guarantee Corporation (DI..

Banks see credit, deposit growth in 2023

Banks see credit, deposit growth in 2023

Bank credit growth, which has been rising since early 2022, stood at 15.4% on 2 June 2023, according..

Banks’ bad loans fall to decadal low, may improve further: RBI

Banks’ bad loans fall to decadal low, may improve further: RBI

The bad loan ratio for Indian banks touched a ten-year low of 3.9% aBad loan ratio for Indian banks ..