According to the RBI, SBI, ICICI Bank, and HDFC Bank continue to be domestic systemically important institutions.

The State Bank of India, ICICI Bank, and HDFC Bank are still considered to be Domestic Systemically Important Banks, according to a statement from the Reserve Bank of India on Monday (D-SIBs). The central bank had first released a framework for handling D-SIBs in July 2014, which obliged it to re...

ROSEN LAW FIRM FILES LAWSUIT AGAINST INDIAN LENDER HDFC BANK

Highlights

• According to a copy of the complaint available on the website of Rosen Law Firm, the US-based company has alleged HDFC Bank of misleading its investors, and has sought damages and a trial by jury

• HDFC Bank in the month of August had stated that the act...

HDFC BANK FACES CLASS-ACTION LAWSUIT FROM TWO U.S.-BASED LAW FIRMS

On the allegations of issuing materially misleading business information to its investors, two U.S.-based law firms have announced independent investigations to build securities-fraud class-action lawsuits against India’s largest private sector lender HDFC Bank Ltd. These two firms are Scha...

SASHIDHAR JAGDISHAN: THE NEW MD & CEO OF HDFC BANK

Highlights

• Sashidhar Jagdishan will take over the charge from Aditya Puri, the man who served HDFC for last 26 years

• Jagdishan, a Chartered Accountant by qualification is part of the HDFC since 1996

• Kaizad Bharucha and Sunil Garg were the other c...

SENSEX SURGES 350 POINTS, NIFTY HOVERING AROUND 11,000

Highlights

• The S&P BSE Sensex is trading at 37,278.47 points, while the benchmark Nifty50 is at 10,980.65

• HDFC Bank and Vodafone Idea were top Sensex gainers in the first trading session if this week with growth of 5 percent and 6 percent respectively

HDFC BANK NET PROFIT UP BY 19.6% IN Q1, PROVISIONS INCREASE BY 49%

Highlights

• HDFC Bank’s net interest income went up by 17.8% y-o-y  to Rs 15,665.4 crore

• HDFC reported a net profit of Rs 6,659 crore for the first quarter of FY21

• As per the results, bank’s net interest margin remained unchanged ...

SENSEX JUMPS 400 POINTS COURTESY OF RIL, NIFTY AT 10,700

Highlights

• The S&P BSE Sensex is trading at 36,456.11, while the benchmark Nifty50 is at 10,752.65 levels

• The top Sensex gainers in the morning session was HDFC Bank with jump of 3 percent followed by IndusInd Bank with growth of 2 percent

• To...

AXIS BANK’S PRALAY MONDAL HEADS TO CATHOLIC SYRIAN BANK

Highlights

• Pralay Mondal, a graduate from IIT Kharagpur and a management graduate from IIM, Calcutta has nearly 30 years of banking experience

• Mr. Mondal served HDFC Bank for the period of 12 years before his stint at Yes Bank

• At the CSB Bank, Pr...

Yes BANK MORATORIUM TO BE LOFTED SOON: ICICI, HDFC, AXIS & SBI TO INVEST

Highlights: 

• Cabinet approves RBI suggested reconstruction scheme for Yes Bank
• Moratorium might be lifted soon

Yes bank customers cam heave a sigh of relief as the moratorium on Yes bank is expected to be lifted very soon. The &...

CPI, IIP information peered toward

MUMBAI: Indian values exchanged higher on Thursday drove by gains in banking, auto, and metal stocks. The assembly, in its second day today, pursued advances in worldwide values after the US Federal Reserve kept up the norm on key strategy rates and flagged no rate change all through 2020 amid a ...

QCB (Qatar’s Commercial Bank) will issue bonds worth $500 million

Commercial banks are a large part of the financial institution system of the country. A commercial bank's primary source of revenue is the difference between the two rates charged to borrowers and paid to depositors. Commercial banks–ICICI Bank, State Bank of India, Axis Bank, and HDFC ...

Banking is expected to see the next major business turnaround, life insurance

The economic slowdown is expected to weigh on the banking system's credit offtake, but the brokerage firm BNP Paribas says the sector should rebound in India due to lower fund rates, production efficiencies and lower taxes.

The brokerage said improved operating productivity generate...

View: Grab what you can in India's awful advance scuffle

Grab and get is the new sign of Indian account. As an investor companion in Mumbai put it to me half-tongue in cheek, a unit of "snatched" money security close by is worth multiple units of theoretical receivables.

However, this is no chuckling issue. Not exclusively is entrep...

Bank of Baroda officer steps down

The banks of India are facing Bankruptcy due to the forever changing norms of the Indian government amongst the global economic slowdown. The stepdown of a major official from Bank of Baroda is expected to change the finance and banking scene.

P.S. Jayakumar finished his term as Bank of...

Altico announces to sell assets as a rescue plan

According to a latest report, Altico Capital will be offering its lenders a resolution plan. With regards to the plan, sale of some of its biggest loan assets such as Casa Grande in Chennai, Marvel in Pune and Skylark in Bengaluru is anticipated.

Furthermore, the reports also allege, al...