India’s forex reserves post biggest weekly gain in over a year

India’s forex reserves post biggest weekly gain in over a year

India’s foreign exchange reserves posted its biggest gain in over a year, rising by $6.56 billion to..

Bank loans up 17.9%, deposits lag behind

Bank loans up 17.9%, deposits lag behind

Banks are seeing strong credit growth while deposits are lagging behind at a time when the Reserve B..

HDFC Q2 net up 18% at Rs 4,454 cr

HDFC Q2 net up 18% at Rs 4,454 cr

Mortgage lender HDFC reported a 17.8% year-on-year rise in net profit for the quarter ended Septembe..

Acting early on monetary tightening would have exerted heavy costs: RBI Guv

Acting early on monetary tightening would have exerted heavy costs: RBI Guv

Defending the Reserve Bank of India’s (RBI) handling of the price situation, Governor Shaktikanta Da..

PNB shuts Hong Kong branch; loan recovery target on track

PNB shuts Hong Kong branch; loan recovery target on track

Punjab National Bank (PNB) has shut its Hong Kong branch, is on track to recover Rs 32,000 crore fro..

RBI fines LIC Housing Finance, others

RBI fines LIC Housing Finance, others

The Reserve Bank has imposed penalties on several financial entities, including LIC Housing Finance,..

Digital rupee makes a glitch-free start

Digital rupee makes a glitch-free start

India’s central bank digital currency (CBDC) had a steady start with banks trading Rs 275 crore of b..

India’s forex reserves fall to lowest since July 2020

India’s forex reserves fall to lowest since July 2020

India’s foreign exchange reserves skid to an over two-year low as the Reserve Bank of India (RBI) co..

RBI to hold special MPC meet on 3 November

RBI to hold special MPC meet on 3 November

The Reserve Bank of India (RBI) has scheduled a special meeting of its monetary policy committee (MP..

Govt seeking $7.7 bn value for IDBI Bank in stake sale

Govt seeking $7.7 bn value for IDBI Bank in stake sale

The government is looking for a valuation of Rs 640 billion ($7.7 billion) for IDBI Bank, which will..

IDBI Bank Q2 net surges 46% to Rs 828 crore

IDBI Bank Q2 net surges 46% to Rs 828 crore

IDBI Bank reported a 46% year-on-year rise in net profit to Rs 828.09 crore in the September quarter..

Canara Bank Q2 net up 89% at Rs 2,525 cr

Canara Bank Q2 net up 89% at Rs 2,525 cr

Canara Bank reported an 89% year-on-year rise in its net profit to Rs 2,525 crore for the July-Septe..

Union Bank of India Q2 net surges, loan growth up 22%

Union Bank of India Q2 net surges, loan growth up 22%

State-owned Union Bank of India reported a 21% year-on-year rise in net profit to Rs 1,848 crore in ..

Axis Bank Q2 net up 70% on lower provisions

Axis Bank Q2 net up 70% on lower provisions

Axis Bank has reported a 70% year-on-year growth in net profit to Rs 5,330 crore for the quarter end..

IndusInd Bank Q2 net up 57% at Rs 1,805 cr

IndusInd Bank Q2 net up 57% at Rs 1,805 cr

Hinduja-promoted IndusInd Bank has reported a 57% year-on-year rise in net profit to Rs 1,805.22 cro..