Bandhan-led consortium to acquire IDFC AMC for Rs 4,500 cr

Bandhan-led consortium to acquire IDFC AMC for Rs 4,500 cr

In a battle for acquisition of IDFC's mutual fund business, Bandhan Bank’s parent won against the co..

Banks miss deadline to transfer Rs 50,000 cr of bad loans to NARCL

Banks miss deadline to transfer Rs 50,000 cr of bad loans to NARCL

Banks have failed to meet the 31 March deadline to transfer Rs 50,000 crore of bad loans to the Nati..

Two sleepless nights and a merger of equals: Deepak Parekh

Two sleepless nights and a merger of equals: Deepak Parekh

After two sleepless nights in Mumbai, the top management of HDFC Ltd decided to merge India’s first ..

Post-merger, HDFC Bank will become twice the size of ICICI Bank

Post-merger, HDFC Bank will become twice the size of ICICI Bank

HDFC Bank will become twice the size of ICICI Bank after it absorbs HDFC Ltd with itself, global rat..

Bank of Maharashtra organises ‘Mahabank Fintech Mahotsav’

Bank of Maharashtra organises ‘Mahabank Fintech Mahotsav’

Bank of Maharashtra is making efforts to expand its digital footprint.  The public sector bank ..

HDFC-HDFC Bank merger as regulatory arbitrage of NBFC dwindles

HDFC-HDFC Bank merger as regulatory arbitrage of NBFC dwindles

A key reason for deciding in favour of merging HDFC Ltd with HDFC Bank now is the reduced regulatory..

Post-merger, Deepak Parekh to step down

Post-merger, Deepak Parekh to step down

Deepak Parekh, the energetic chairman of HDFC Ltd and the man who led the retail lending revolution ..

HDFC Bank Q4 loan book up 21%, deposits rise 17%

HDFC Bank Q4 loan book up 21%, deposits rise 17%

HDFC Bank has reported a healthy growth in its advances and deposits in the last quarter of the fisc..

PMC Bank depositors to get first payout from Unity SFB

PMC Bank depositors to get first payout from Unity SFB

Unity Small Finance Bank will pay Rs 3,791.55 crore to about 8.5 lakh depositors of Punjab and Mahar..

Axis Bank CEO calls Citibank consumer biz buyout a ‘lifetime deal’

Axis Bank CEO calls Citibank consumer biz buyout a ‘lifetime deal’

Axis Bank will acquire Citibank’s India consumer business for $1.6 billion (Rs 12,325 crore), giving..

Strike: 20 lakh cheques worth Rs 18,000 cr waiting clearance

Strike: 20 lakh cheques worth Rs 18,000 cr waiting clearance

The two-day nationwide strike, which was called by ten central trade unions, impacted banking servic..

PNB board approves plan to raise Rs 12,000 cr via bonds

PNB board approves plan to raise Rs 12,000 cr via bonds

The board of Punjab National Bank (PNB) has approved raising up to Rs12,000 crore through issuance o..

Strike hits banking services

Strike hits banking services

Trade unions of banks have responded to the government’s privatisation policy with a two-day strike,..

The heartwarming story of a small loan defaulter

The heartwarming story of a small loan defaulter

Banks are often ruthless when it comes to loan defaulters.  However, here is a heart-warming st..

Sunflower oil prices shoot up as supply is hit by Russia-Ukraine war

Sunflower oil prices shoot up as supply is hit by Russia-Ukraine war

Sunflower oil prices have shot up by 20% as the Russian invasion of Ukraine has destroyed grinding a..