Yes Bank’s loan book touches Rs 2 trillion; deposits grow 13.5% YoY to Rs 2.19 trillion.
HDFC Bank sees 15.8% rise in loans to Rs 16.15 trillion while deposits grow 19.2% to Rs 19.13 trillion in Q1; loan growth in merged entity rises 13.1% to Rs 22.45 trillion.
IDFC First Bank’s loans and advances jump 24.5% to Rs 1.71 lakh crore in Q1; deposits rise 44.4% to Rs 1.49 lakh crore.
RBI asks banks and non-bank lenders to issue credit, debit and prepaid cards on multiple networks; customers should have option to choose from multiple card networks.
87% of Rs 2,000 notes were deposited in banks; remaining 13% were exchanged.
Merger will lead to simplification of corporate structure; shareholders of IDFC Ltd will get 155 equity shares of IDFC First Bank for every 100 shares held.
Boards of HDFC Bank and HDFC approve 1 July as effective date of merger; ahead of this, HDFC chairman Deepak Parekh announces his retirement from the company.
Proposed IPO will comprise fresh issue of equity shares amounting to Rs 950 crore and offer for sale to the tune of Rs 400 crore.
Debadatta Chand takes over from Sanjiv Chadha; he earlier served as executive director of Bank of Baroda since March 2021.
In FY22, aggregate claims settled by DICGC stood at whopping Rs 8,516.6 crore; this was led by Unity Small Finance Bank.
Bad loan ratio for Indian banks touched 10-year low of 3.9% as of March 2023 and could further improve to 3.6% by March 2024, RBI’s financial stability report says.
IDFC First Bank raised Rs 1,500 crore through Basel-III compliant Tier-II bonds maturing in 10 years at a coupon rate of 8.40%.
RBI penalises Standard Chartered Bank-India, TransUnion CIBIL, Equifax Credit Information Services and other entities for contravention of various norms.
More than two-thirds or Rs 2.41 lakh crore worth of the Rs 3.62 lakh crore of the now-recalled 2,000 banknotes have come back to the system as of mid-last week, RBI Governor Shaktikanta Das said.
Lenders of Go First approve in-principle interim funding of Rs 425 crore for crisis-hit airline to fly again.
