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Don’t miss the latest developments in business and finance.
TCS on global credit cards: HDFC Bank says clearing real-time checks tough
Working with industry, quickly building internal systems to facilitate LRS reporting, says lender
State Bank of India prices $750-mn bond at 4.87%, tightens pricing
Tightens pricing by 40 bps on oversubscription
Losing favour: IT sector weighting in Nifty50 at 5-year low of 12.2%
Gives up most of the gains in market cap in post-pandemic period
Better net interest margins likely to help bottom line of banks in Q4
Net profit of listed commercial banks is projected to grow by 43.6% YoY
Paytm reports quarterly GMV rise of 40% in Q4FY23, loan disbursal up 253%
The value of total loans disbursed by Paytm jumped 253% from Rs 3,553 crore in Q4FY22 to Rs 12,554 crore in Q4FY23
HDFC Bank's advances rise 17% YoY to Rs 16 trillion; deposits up 21%
The lenders' CASA deposits grew by 11.3% to Rs 8.03 trillion
Capital adequacy ratio norms enforcement for UCBs advanced to FY23-end
According to UCB executives, the RBI's move may put banks in a difficult position as only a few days are left to refigure the norms' enforcement
DBS Bank India offers Morningstar-curated investments on risk preference
The feature called 'digiportfolio' uses tech and human expertise to customise investment options for different investors
YES Bank shares in focus with SC likely to hear appeal in AT1 bond matter
If top court rules in favour of bondholders, Yes Bank shares could see a selloff as its capital base gets eroded, impeding its growth prospects; other banks, especially PSBs, may be impacted too
Expected loss model: PSBs may seek pause on paying govt dividends
Sitaraman said banks' provisioning cover ratio was close to 75 per cent - the highest in about the last 25 years