Fair trade regulator Competition Commission of India has approved the merger proposal of HDFC Bank and its parent HDFC Ltd.
Anshu Jain, the former co-chief executive of Deutsche Bank AG, died in London on Saturday after a five-year battle with duodenal cancer.
Meeting of capital raising committee of Bank of Baroda is scheduled to be held on 22 August to discuss the raising of Basel III compliant bonds within the board approved limit of Rs 2,500 crore.
NCLT approves demerger of Piramal Enterprises’ pharma business and the simplification of the company's corporate structure.
Digital lending apps and lenders will fall under increased scrutiny and supervision as RBI sets guidelines after several complaints were lodged against many such apps for indulging in frauds and unlawful activities.
Private lenders IDFC First Bank and Yes Bank and state-owned Indian Bank have put their loans to SpiceJet Ltd in the high-risk category.
SBI yet to decide on whether it would hold a 26% stake in Yes Bank in FY24, chairman Dinesh Khara said; lock-in period ends in March 2023.
The effective interest rate on home loans for new borrowers will be 8.10% and for women 8.05%; for high-risk borrowers a credit risk premium will be added.
HDFC files application with NCLT for merger of HDFC Investments Limited and HDFC Holdings Limited with HDFC Bank.
State Bank of India’s fiscal first quarter net profit took a 6.7% dip over the year-ago period as treasury loss stood at Rs 6,549 crore.
Customers of registered credit bureaus can file complaints directly with RBI for faster resolution of their credit scores and related complaints.
Global uncertainty to prevent significant appreciation in rupee; experts expect currency to stay range bound between Rs 78.80 to Rs 79.60 per dollar over next week.
10-year benchmark bond yield to stay between 7.20% to 7.45% with the markets having factored in RBI’s interest rate hike, market experts said.
RBI hikes repo rate by 50 basis points for third straight time, taking key lending rate to the pre-pandemic levels; lending and deposit rates set to rise further.
Non-resident Indians will soon be able to make utility, education and other bill payments on behalf of their families in India by using the Bharat Bill Payment System.
