Axis Bank winding up UK subsidiary

Axis Bank winding up UK subsidiary

Private lender Axis Bank is winding up its subsidiary in Britain as part of its strategy to focus on..

Home loan rates set to rise

Home loan rates set to rise

Interest rates for home loans are set to further rise after mortgage lender HDFC on Saturday announc..

RBI allows PNB to invest Rs 500 cr in housing finance arm’s rights issue

RBI allows PNB to invest Rs 500 cr in housing finance arm’s rights issue

The Reserve Bank of India (RBI) has allowed Punjab National Bank (PNB) to invest Rs 500 crore in the..

SBI Card reports two-fold rise in Q1 net profit

SBI Card reports two-fold rise in Q1 net profit

SBI Cards and Payment Services Ltd (SBI Card) has reported a two-fold rise in net profit to Rs 627 c..

IDFC First Bank posts highest-ever quarter profit at Rs 474 cr

IDFC First Bank posts highest-ever quarter profit at Rs 474 cr

IDFC First Bank reported a net profit of Rs 474 crore for the quarter ended June 2022, its highest-e..

Bank of Baroda to unload 12.5% stake in insurance arm

Bank of Baroda to unload 12.5% stake in insurance arm

Bank of Baroda has decided to divest up to 12.5% stake in its insurance arm, IndiaFirst Life Insuran..

Bank of Baroda eyes Rs 13,000-cr recovery in FY23

Bank of Baroda eyes Rs 13,000-cr recovery in FY23

Bank of Baroda is expecting a sharp improvement in its asset quality as it targets recovery of Rs 13..

PNB CEO targets higher bad loan recovery, double-digit credit growth in FY23

PNB CEO targets higher bad loan recovery, double-digit credit growth in FY23

Punjab National Bank (PNB) is looking to recover Rs 32,000 crore worth of bad loans and reduce its n..

HDFC to acquire SBI’s stake in venture capital arm

HDFC to acquire SBI’s stake in venture capital arm

HDFC Ltd is buying out State Bank of India’s (SBI) entire 19.5% stake in its venture capital subsidi..

HDFC plans to raise $1.1 bn

HDFC plans to raise $1.1 bn

Mortgage lender HDFC Ltd will raise $1.1 billion in external commercial borrowing (ECB) for on-lendi..

Carlyle, Advent to invest Rs 8,900 cr in Yes Bank

Carlyle, Advent to invest Rs 8,900 cr in Yes Bank

Yes Bank chief executive officer Prashant Kumar is promptly putting all the pieces together so that ..

Unclaimed deposits rising, RBI launches awareness campaign

Unclaimed deposits rising, RBI launches awareness campaign

With the amount of unclaimed deposits swelling, the Reserve Bank of India (RBI) has launched a natio..

Canara Bank CEO sees ‘decent’ double-digit credit growth; credit card arm likely by Q3

Canara Bank CEO sees ‘decent’ double-digit credit growth; credit card arm likely by Q3

Canara Bank plans to raise Rs 7,000 crore in the remaining part of the financial year and float a cr..

Axis Bank looks to complete Citibank acquisition by Q4

Axis Bank looks to complete Citibank acquisition by Q4

Axis Bank expects to complete the acquisition of Citibank’s consumer business in India by the fourth..

CCI clears Axis Bank-Citibank deal

CCI clears Axis Bank-Citibank deal

Axis Bank has cleared another hurdle in completing its acquisition of Citibank’s consumer business i..