State Bank of India’s fiscal first quarter net profit took a 6.7% dip over the year-ago period as treasury loss stood at Rs 6,549 crore.
Customers of registered credit bureaus can file complaints directly with RBI for faster resolution of their credit scores and related complaints.
Global uncertainty to prevent significant appreciation in rupee; experts expect currency to stay range bound between Rs 78.80 to Rs 79.60 per dollar over next week.
10-year benchmark bond yield to stay between 7.20% to 7.45% with the markets having factored in RBI’s interest rate hike, market experts said.
RBI hikes repo rate by 50 basis points for third straight time, taking key lending rate to the pre-pandemic levels; lending and deposit rates set to rise further.
Non-resident Indians will soon be able to make utility, education and other bill payments on behalf of their families in India by using the Bharat Bill Payment System.
Period of decadal low home loan rates over; corporate borrowers to bear less of the hike than retail customers.
India’s inflation seems to have peaked and will moderate but is still at uncomfortably high levels, RBI Governor Shaktikanta Das said.
ICICI Bank and Punjab National Bank have raise their lending rates after the RBI hiked the benchmark interest rate by 0.50% on Friday.
Axis Bank’s share purchase agreement with financial firm OpenPayd stands terminated; overseas loan book contracts.
Banks to raise interest rates for home loans after HDFC announced a 25 basis points hike; RBI set to hike repo rate this week.
SBI Cards and Payment Services has reported two-fold rise in net profit to Rs 627 crore for June quarter, as discretionary and non-discretionary spends including travel improved and delinquencies fell.
Bank of Baroda decides to divest up to 12.5% stake in IndiaFirst Life Insurance Company through offer for sale in IPO of the insurer or any other mode.
Bank of Baroda expects sharp improvement in asset quality as it targets recovery of Rs 13,000 crore worth of bad loans in FY23; Q1 net profit up 79%.
IDFC First Bank has built strong foundation on basis of which it can grow loan book, deposits and profits comfortably from here on in a steady manner, CEO Vaidyanathan said.
