Period of decadal low home loan rates over; corporate borrowers to bear less of the hike than retail customers.
India’s inflation seems to have peaked and will moderate but is still at uncomfortably high levels, RBI Governor Shaktikanta Das said.
ICICI Bank and Punjab National Bank have raise their lending rates after the RBI hiked the benchmark interest rate by 0.50% on Friday.
Axis Bank’s share purchase agreement with financial firm OpenPayd stands terminated; overseas loan book contracts.
Banks to raise interest rates for home loans after HDFC announced a 25 basis points hike; RBI set to hike repo rate this week.
SBI Cards and Payment Services has reported two-fold rise in net profit to Rs 627 crore for June quarter, as discretionary and non-discretionary spends including travel improved and delinquencies fell.
Bank of Baroda decides to divest up to 12.5% stake in IndiaFirst Life Insurance Company through offer for sale in IPO of the insurer or any other mode.
Bank of Baroda expects sharp improvement in asset quality as it targets recovery of Rs 13,000 crore worth of bad loans in FY23; Q1 net profit up 79%.
IDFC First Bank has built strong foundation on basis of which it can grow loan book, deposits and profits comfortably from here on in a steady manner, CEO Vaidyanathan said.
Punjab National Bank is looking to recover Rs 32,000 crore worth of bad loans and reduce its net NPA ratio to 3.5% by fiscal-end, MD and CEO Atul Kumar Goel said.
HDFC Ltd is buying out State Bank of India’s entire 19.5% stake in its venture capital subsidiary, HVCL.
HDFC Ltd will raise $1.1 billion in external commercial borrowing (ECB) for on-lending to the affordable housing sector.
Yes Bank today announced raising equity capital of Rs 8,900 crore from global private equity firms Carlyle Group and Advent International, with each investor potentially acquiring up to a 10% stake.
Union Bank of India reported a 32% YoY rise in net profit to Rs 1,558 crore for the quarter ended June on the back of a rise in its net interest income and fall in bad loans.
Unclaimed deposits in banks have ballooned to Rs 48,262 crore in FY22 from Rs 39,264 crore a year ago, RBI data showed; awareness campaign launched with focus on eight states.
