HDFC Bank's loss is ICICI Bank's gain on credit cards: Check details here
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Between December and May, HDFC Bank's credit card kitty saw a drop of 528,447 cards while that of ICICI Bank increased 1.16 million, the highest by any lender during the period
PNB Housing to SAT: Sebi can't compel us as AoA is just a contract
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It argued that AoA cannot override the Sebi's ICDR (Issue of Capital and Disclosure Requirements) regulations, which listed firms have to follow for issuing preferential allotments
RBI offers hassle-free trading in govt bonds for retail investors
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Online portal will give access to the bond trading platform available for institutional investors; retail investors can also bid for bonds in primary auctions as large institutions do
Banks explore the option of invoking personal guarantee of promotion
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Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday.
Rupee pares early gains to settle 6 paise higher at 74.58 against US dollar
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The rupee pared some of its initial gains and settled 6 paise higher at 74.58 (provisional) against the US dollar on Monday, ahead of the release of key inflation data.
Exim Bank lends $35.26 mn for Senegal power project executed by Kalpataru
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Exim Bank of India said it has extended a $35.26 million loan for a power transmission project being executed by Kalpataru Power Transmission in Senegal
Restructured loans of non-bank financials to double by March: ICRA
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The pandemic and the curbs imposed to contain its spread have affected the cash flow of borrowers and prolonged the recovery process, according rating agency ICRA
Equitas SFB gets RBI nod to apply for amalgamation of promoter into itself
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As per the SFB licensing guidelines of RBI, a promoter of SFB can exit or to cease to be a promoter after the mandatory initial lock-in period of five years
Federal Bank gets RBI nod to re-appoint Shyam Srinivasan as MD for 3 yrs
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Private sector Federal Bank on Friday said it has received approval from the RBI to re-appoint Shyam Srinivasan as its MD and CEO for three years.
Srinivasan took charge as MD and CEO of the lender on September 23, 2010.
«We wish to inform you that th
Send bank staff in sensitive operations on leave without intimation: RBI
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As a prudent risk management measure, banks should have a 'mandatory leave' policy with an element of surprise, apex bank says. The revised norms repeal the circular of April 23, 2015
RBI asks banks to shift from LIBOR to alternative reference rates by Dec 31
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RBI on Thursday asked banks and financial institutions to use any widely accepted alternative reference rate instead of LIBOR as the reference rate for entering into new financial contracts
Rupee slumps 17 paise to 74.79 against US dollar in opening trade
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The rupee depreciated 17 paise to 74.79 against the US dollar in opening trade on Thursday, following a strong dollar overseas and subdued sentiment in the domestic equities.
However, lower crude prices and fresh foreign fund inflows restricted the rupee's f
Price shock has ICICI Prudential Life's exec expecting hawkish RBI in Aug
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India's retail inflation crossed outside the central bank's 2%-6% comfort zone recently, pushing yields higher on fears the Reserve Bank of India's policy tone will change as early as August in the di
Razorpay, Mastercard launch MandateHQ for recurring payments
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To help banks comply with RBI directive and provide convenience to banks' customers, Razorpay and Mastercard have partnered to launch MandateHQ, new recurring payment interface, after RBI's new rules
RBI to conduct Rs 20,000 crore open market bond purchase on July 8
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The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8
Deutsche Bank launches indexes to track 21 emerging market currencies
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Deutsche Bank launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy
Large banks with strong balance sheet to grow faster: Axis Bank CEO
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Sustained fiscal and monetary support by the government and the RBI would help economic recovery by the second half of this fiscal, Axis Bank's top official said
Delta variant of Covid creates emerging market gap as outperformers hit
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Countries that are lagging in vaccination rates may feel the pressure as they tighten restrictions that will hurt economic activity, according to Credit Agricole CIB
Banks Board Bureau recommends 10 names for exec director posts in PSBs
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The Banks Board Bureau (BBB) on Saturday recommended to the government names of 10 general managers of various public sector banks for appointment as executive directors
