Profit led by a sharp fall in bad loan provisions to Rs 3,324 cr in the fiscal fourth quarter, from Rs 7,834 cr a year ago.
RBI restricts tenure of a bank CEO to 15 years, a guideline that could make Uday Kotak, founder and CEO of Kotak Mahindra Bank, ineligible for another term.
Axis Bank to load its customers with higher charges on certain services while increasing minimum monthly balance requirement in savings bank accounts.
Public sector banks will have to let go of one of their big advantages as the Centre has now allowed all private banks to participate in govt-related banking transactions.
RBI names six-member committee under chairmanship of Sudarshan Sen, former RBI executive director, to review ARC norms; report to be submitted within 3 months.
HDFC Bank may take longer time than anticipated to be able to source new credit card customers as it struggles to sort out technical issues to convince RBI of lifting ban on launch of its digital 2.0 initiatives.
With banks asking for higher yields, RBI rejects all the three government securities that were put up for auction.
HDFC Bank’s Q4 net up 18.2% at Rs 8,186.51 crore on the back of robust loan growth and stable asset quality.
Top bosses of banks ask RBI to extend one-time restructuring scheme for MSMEs and retail loans in wake of resurgence of Covid-19 infections and concerns about rise in NPAs.
Axis Bank and its two subsidiaries will own 12.99% stake in Max Life; Axis has right to acquire another 7% stake.
HDFC Bank sees 17-quarter low in its loan growth in FY21 over the previous fiscal while deposit growth was at a 13-quarter low. Here is how other banks fared.
This is what banks are offering as interest rates on Fixed Deposits.
The IPO comprises fresh issuance of equity shares worth Rs 700 cr and an offer for sale by existing shareholders. The IPO size is expected to be Rs 1,100 cr.
SBI raises additional $1 bn from Japan Bank for International Cooperation to extend loans to help Covid-hit Japanese auto manufacturers in India.
Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank will receive Rs 14,500 cr via zero-coupon bonds.
