HDFC Bank enters exclusive club of companies with $100 bn market capitalisation, making it seventh-largest lender in the world.
HDFC Bank reported a 30% rise in its net profit for the quarter ended June 2023 to Rs 11,951.77 crore compared with Rs 9,195.99 crore a year ago.
Deposit Insurance and Credit Guarantee Corporation asks all banks to prominently display its logo and QR code on their websites and internet banking portals by 31 August.
Borrowers will need to pay more towards EMIs as SBI raises its MCLR by 5 basis points across all tenures from 15 July; MCLR-based rates now vary between 8% and 8.75%.
Punjab National Bank files application for release of Nirav Modi's properties worth Rs 71 crore, attached by the ED in the bank fraud case.
Byju's appoints former SBI chairman Rajnish Kumar and ex-CFO of Infosys Mohandas Pai to its advisory council.
India’s retail inflation rises to three-month high of 4.81% in June, according to government data.
Vehicle loans outstanding rise 22% YoY to Rs 5.09 lakh crore in May, despite RBI’s rate hike spree in 2022-23.
Govt asks IBA to initiate process of negotiations for 12th Bi-partite settlement in a time-bound manner and to finalise it by 1 December.
Yes Bank’s loan book touches Rs 2 trillion; deposits grow 13.5% YoY to Rs 2.19 trillion.
HDFC Bank sees 15.8% rise in loans to Rs 16.15 trillion while deposits grow 19.2% to Rs 19.13 trillion in Q1; loan growth in merged entity rises 13.1% to Rs 22.45 trillion.
IDFC First Bank’s loans and advances jump 24.5% to Rs 1.71 lakh crore in Q1; deposits rise 44.4% to Rs 1.49 lakh crore.
RBI asks banks and non-bank lenders to issue credit, debit and prepaid cards on multiple networks; customers should have option to choose from multiple card networks.
87% of Rs 2,000 notes were deposited in banks; remaining 13% were exchanged.
Merger will lead to simplification of corporate structure; shareholders of IDFC Ltd will get 155 equity shares of IDFC First Bank for every 100 shares held.
