Geo-political hostilities have put pressure on India’s inflation, trade shocks and portfolio outflows, RBI said in its April bulletin.
HDFC Bank posts net profit of Rs 10,055.2 crore in Q4, up 23% year-on-year, following improvement in asset quality and lower provisions.
HDFC Bank’s wholesale loans have shown robust growth despite Rs 65,000-crore of repayments from lender’s large corporate clients during financial FY22 as coronavirus pandemic hit investments in economy.
Bank of India has dragged Future Retail to the bankruptcy court for non-payment of dues, a move that can impact the Rs 24,713-crore asset sale deal signed between the Kishore Biyani company and Reliance Industries Ltd.
Led by food items, CPI inflation stands at 6.95% in March, the highest since October 2020; inflation may remain elevated in coming months as well.
Shriram City Union Finance has launched the gold loan facility in seven states of north India; targets Rs 15,000-20,000 cr over 5 years.
RBI slaps fines on private lenders for deficiencies in regulatory compliance; Axis Bank to pay penalty of Rs 93 lakh and IDBI Bank Rs 90 lakh.
RBI lowers India's GDP growth for FY23 to 7.2% from its earlier guidance of 7.8% in backdrop of Russia-Ukraine war.
RBI proposes to make cardless cash withdrawal facility available across all banks and ATM networks using the UPI.
The RBI announced its bi-monthly monetary policy today. Here are the highlights, including on inflation and GDP forecast.
“In sequence of priorities, we have now put inflation before growth. Time is appropriate to prioritise inflation ahead of growth,” RBI Governor Shaktikanta Das said.
HDFC Bank board will consider a proposal for raising up to Rs 50,000 crore over the next 12 months, making it the country’s largest bond sale ever by a lender.
DCB Bank is planning to open 25 to 30 branches in the next 12 months, with Delhi NCR being one of the major areas of expansion.
RBI approves re-appointment of Murali M Natrajan as MD and CEO of DCB Bank for a further period of two years from April 29, 2022 to April 28, 2024.
Bandhan Financial Holdings-led consortium, including ChrysCapital and Singapore’s sovereign fund GIC, will acquire IDFC AMC for Rs 4,500 crore; deal to mark entry of Bandhan into mutual fund biz.
