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Bank Deposits Jump Rs 7 Lakh Crore In A Fortnight, Third Highest In 29 Years — Here's Why
SBI Research said India has received $7 billion in FII inflows since the measures announced by the Government to bring foreign inflows and boost the rupee.
Chairman's exit a 'challenging event' that raised governance questions: HDFC Bank CEO
In his annual letter to shareholders, Sashidhar Jagdishan noted that an independent probe by Indian and US law firms found no basis for Atanu Chakraborty's allegations regarding internal bank practices.
Motilal Oswal Says Credit Growth Has More Legs; ICICI Bank, HDFC Bank, SBI Among Top Bets
Motilal Oswal on banking sector
TCS, HDFC Bank, 8 others with up to 49% upside. How many in your portfolio?
In a recent report, the brokerage has shortlisted 10 blue-chip stocks across multiple sectors that it believes offer attractive value and the potential to deliver returns of up to 49% return. Here’s the full list.
Bank Holiday Today: Are SBI, HDFC Bank, ICICI Bank Open Or Closed On July 11?
Banks to remain closed on Saturday
Indian Bank drops capital raising plan on lower ECL hit
Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank's net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also saw significant year-on-year growth.
Indian Bank drops capital raising plan on lower ECL hit
Indian Bank has cancelled its planned share sale to raise funds. The lender's expected credit loss impact is now estimated lower than previously calculated. This revised calculation means the bank will not need to raise additional capital. The bank's net profit rose ten percent year-on-year in the fiscal first quarter. Gross advances and deposits also saw significant year-on-year growth.
Fino Payments Bank June update: Deposits rise 11%, loan referrals surge 3.5x
Fino Payments Bank reported an 11% year-on-year growth in deposits to ₹2,755 crore, with 3.1 lakh new accounts opened. Its loan referral business saw a 3.5x increase to ₹240 crore, but transaction throughput declined 35% due to the shift to UPI.
Kotak Mahindra Bank to pursue acquisitions alongside organic growth
Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank's retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra Bank will also tap into India's economic expansion opportunities. A strong balance sheet and leadership talent support future growth strategies.
Kotak Mahindra Bank to pursue acquisitions alongside organic growth
Kotak Mahindra Bank plans to pursue acquisitions and organic growth. The bank recently acquired Deutsche Bank's retail portfolio in India. This move aims to enhance scale and customer reach for the bank. Kotak Mahindra Bank will also tap into India's economic expansion opportunities. A strong balance sheet and leadership talent support future growth strategies.
Why Deutsche Bank is turning bullish on Mediobanca stock? By Investing.com - Investing.com India
Why Deutsche Bank is turning bullish on Mediobanca stock? By Investing.comInvesting.com India
Bank credit growth at two-year high at 18.6% as debt market turns costlier
Bank credit expanded significantly in the fortnight ending June 30. Deposit growth also showed a healthy increase during the same period. This credit demand stems from both consumer and corporate sectors. Corporate entities are increasingly favoring banks over debt markets for funding. The gap between credit and deposit growth widened to 570 basis points.