RBI approves appointment of Kaizad Bharucha as deputy managing director and Bhavesh Zaveri as executive director of HDFC Bank for three years.
Pause in interest rates is tactical and further rate hikes can’t be ruled out as fight against inflation is far from over. That seems to be thinking of monetary policy committee, which met during April 3 - 6 to decide on repo rate.
State Bank of India will raise up to $2 billion in debt in FY24; board approves fundraising proposal through long-term debt.
Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest for acquiring majority stake in IDBI Bank.
Credit growth at 15% has come on back of robust demand for personal loans, growth of NBFCs and higher working capital requirements due to inflation.
HDFC Bank has signed a ‘Master Inter Bank Credit Agreement’ with Export Import Bank of Korea for a USD 300 million line of credit.
Canara Bank and NPCI Bharat BillPay Ltd have launched cross-border inward bill payment services for Indians based in Oman.
Canara Bank keeps repo-linked lending rates for retail unchanged; MCLR-based lending rates on two tenures raised by 5 basis points.Canara Bank raises MCLR, retains retail lending rates
India’s retail inflation falls to 15-month low of 5.66% in March, triggering speculation that RBI may decide to continue with its pause on interest-rate hikes.
Government raises interest rates of small savings schemes by up to 70 basis points for June quarter, making them competitive against bank fixed deposits.
The land of iconic Hindustan Photo Films gets parceled out as part of debt resolution; this is first case after IBBI’s amendment allows for part resolution and part liquidation.
With repo rate unchanged, prices of home and other loan products will not go up; pause only for this meeting, RBI Governor Shaktikanta Das emphasised.
RBI will set up a centralised portal to help depositors and their beneficiaries to search for their unclaimed bank deposits that are older than 10 years.
Credit bureaus can be penalised for delays in updating credit information. The move will also limit the indiscriminate use of customer data by lenders.
The co-branded fuel credit card launches on RuPay platform; is designed to give savings on fuel spends and LPG purchase FasTags , grocery and other utility spends.
