ICICI Bank beat market estimates as Q4 net profit rose 30% to Rs 9,121.9 crore; help came from strong growth in loans and improved net interest income.
HDFC Bank said it will acquire a “20% or more stake” in Griha Pte, a wholly-owned subsidiary of HDFC Investments, as it has received regulatory clearance from Monetary Authority of Singapore.
The board of IndusInd Bank reappoints Sumant Kathpalia as MD and CEO for a period of two years.
Yes Bank posts 45% YoY drop in net profit to Rs 202 crore in Q4 of FY23 on the back of accelerated provisions for bad loans.
SEBI has barred Rajesh Mokashi, former chief executive of Care Ratings, from the securities market for two years for violation of rules.
RBI refuses to grant HDFC Bank any exceptions on CRR, SLR and LCR requirements; allows HDFC Bank some leeway on priority sector lending and investments front.
RBI approves appointment of Kaizad Bharucha as deputy managing director and Bhavesh Zaveri as executive director of HDFC Bank for three years.
Pause in interest rates is tactical and further rate hikes can’t be ruled out as fight against inflation is far from over. That seems to be thinking of monetary policy committee, which met during April 3 - 6 to decide on repo rate.
State Bank of India will raise up to $2 billion in debt in FY24; board approves fundraising proposal through long-term debt.
Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest for acquiring majority stake in IDBI Bank.
Credit growth at 15% has come on back of robust demand for personal loans, growth of NBFCs and higher working capital requirements due to inflation.
HDFC Bank has signed a ‘Master Inter Bank Credit Agreement’ with Export Import Bank of Korea for a USD 300 million line of credit.
Canara Bank and NPCI Bharat BillPay Ltd have launched cross-border inward bill payment services for Indians based in Oman.
Canara Bank keeps repo-linked lending rates for retail unchanged; MCLR-based lending rates on two tenures raised by 5 basis points.Canara Bank raises MCLR, retains retail lending rates
India’s retail inflation falls to 15-month low of 5.66% in March, triggering speculation that RBI may decide to continue with its pause on interest-rate hikes.
