Economic Times
The Economic Survey 2023-24 indicates a promising outlook for India's financial sector while cautioning against over-financialisation. It highlights a
The external balance has been pressured by subdued global demand for goods, but strong services exports largely counterbalanced this, it added. Noting
Banks are having to respond to the changing landscape by employing various strategies to maintain and grow their deposit bases, even as customers incr
HDFC Bank's MD, Sashidhar Jagdishan, expressed disappointment over deposit growth for the June quarter, attributing shortfalls to unexpected current a
Kotak Mahindra Bank addresses the impact of RBI embargo on margins and unsecured loan business. Plans for branch expansion and deposit mobilization in
HDFC Bank MD expresses disappointment over deposit numbers in volatile quarter. Concerns raised over wide gap between credit and deposit growth. CASA
“On the wholesale category, we have seen that credit demand is high but the rates are benign,” said chief financial officer Srinivasan Vaidyanatha
Kotak Mahindra Bank's first-quarter FY25 financial report shows a remarkable performance, with a PAT of Rs 6,250 crore, an 81% increase YoY, largely d
Kotak Mahindra Bank's Q1 FY25 profit surged nearly 80% due to Zurich Insurance's acquisition of a 70% stake in Kotak General Insurance. The deal, comp
The Employees' Provident Fund Officers' Association has urgently requested the Union Labour Minister's intervention to address severe deficiencies in
ICICI Securities' conflict could escalate to Bombay High Court following NCLT’s stance on Sebi’s delisting exemption under Section 37 (1). Chatter
RBI Governor expresses concerns over financial sector changes due to faster credit growth than deposit growth. Banks increasing reliance on short-term
HDFC Bank saw a 25% rise in PSL shortfall, largely due to small farmers necessitating RIDF bonds. Suresh Ganapathy aims for a pre-merger credit-deposi
NBFCs, driven by personal loan and agriculture growth, faced RBI risk weight changes. SCBs saw 19.3% growth, with the HDFC merger aiding. Bank credit
Several Indian banks, including IndusInd Bank, are planning to raise significant funds through equity and debt routes to strengthen their balance shee
CFM acquired GMR Rajahmundry Energy's debt from Edelweiss ARC on June 30. Edelweiss bought ₹458 crore debt from IDFC Bank in 2018. Unmet return expe
RBI has set up a review committee to revise the fee structure for white-label ATMs (WLAs) to propose a fair and sustainable model. The committee, led
HDFC Bank's successful merger with HDFC Limited has brought significant benefits, as discussed by Atanu Chakraborty in a shareholder address. Within a
HDFC Bank MD Sashidhar Jagdishan stated advances will grow slower post-HDFC merger to lower the 110% credit-deposit ratio. The bank plans 900 new semi
Tata AIG General Insurance has partnered with Mahindra Finance to distribute non-life insurance products across Mahindra Finance's extensive customer
