CPI-based inflation eases to 5.02% in September from 6.83% in August, mainly on account of a moderation in food prices. Retail inflation was at 7.44% in July while in June it was at 4.8%.
IDFC First Bank has entered into an agreement with National Securities Depository Limited to sell one of its premises in Mumbai for Rs 198 crore.
RBI may have to consider OMO sales to manage liquidity, consistent with the stance of monetary policy, said RBI Governor Shaktikanta Das.
Even as media reported that net financial savings of households plummeted to a five-decade low, RBI deputy governor Michael Patra on Friday said the quarterly numbers showed an upward movement towards the historical trend.
While repo rate is unchanged at 6.5%, RBI Governor Shaktikanta Das signals liquidity conditions would be kept tight to bring inflation closer to the 4% target.
RBI Governor Shaktikanta Das said Rs 12,000 crore of the Rs 3.56 lakh crore worth of Rs 2,000 notes in circulation as on May 19, 2023 are yet to come back.
ICICI Bank has allotted 4,00,000 senior unsecured redeemable long-term bonds in the nature of non-convertible debentures aggregating to Rs 4,000 crore on private placement basis.
In first quarter after merger, HDFC Bank posts loan book growth of 10.5% over year-ago and deposits surge 30% but CASA falls.
Despite being caught in controversy when independent director Sridhar Kalyanasundaram levelled charges against board of directors while resigning last month, Dhanlaxmi Bank has posted strong performance in September quarter.
Three months after the parent’s merger with HDFC Bank, the country’s largest private sector lender is revamping some parts of top management as it seeks to propel its mortgages business.
RBI Governor Shaktikanta Das said central bank has noticed "excessive dominance" by one or two board members even in "big commercial banks" and asked lenders to correct this.
SBI is adopting a unique way to ensure timely repayments, especially by its retail borrowers, by greeting those likely to default on monthly instalments with a pack of chocolates.
State Bank of India is planning to make it mandatory for builders to make rooftop solar installations if the project is funded from our green funds, managing director Ashwini Kumar Tewari said.
Most of branch expansion in FY24 will be in Tamil Nadu, followed by Karnataka, Andhra Pradesh and Telangana as these states have large concentration of small businesses.
Retail inflation eases to 6.83% in August after touching a 15-month high of 7.44% in July, mainly due to softening prices of vegetables.
