HDFC Bank's MSME book grew 30 per cent year-on-year to cross the Rs 2-trillion-mark as of December-end, mainly boosted by the pandemic-induced ECLG scheme under which it disbursed over Rs 23,000 crore
Most large MFs remained underweight on banking and overweight on capital goods
Retail loan growth at 9.1 per cent for February 12 fortnight is the weakest so far; Nifty Bank index is up 60 per cent in six months
Experts don't see further cuts boosting demand, with rates already at record lows
Tata group floats a company for retail payment systems biz
RIL, in a late night filing, said that it has begun the process of carving out the O2C business into an independent subsidiary
Matter pertains to BRH Wealth Kreators share-pledge fiasco; SAT cites lender's financial strength while asserting it won't run away or become insolvent
The Nifty Bank index, which was the top performing index on the National Stock Exchange (NSE), jumped nearly 730 points, or 2 per cent, in the intra-day deals to hit a new 36,837 levels
YES Bank faces greater asset risks than its peers, although its capitalisation, liquidity and funding have improved
The bank will be focusing on start-ups in the education (edtech) and skill development sector this year for the grant
In December last year, irked at the repeated service outages, the RBI asked the lender to temporarily halt all its digital launches as well as new sourcing of credit card customers
SBI, the top gainer among the Sensex stocks, was up 8 per cent to Rs 337 at 02:25 pm, surpassing its previous high of Rs 332 touched on February 2, 2020
RBI appoints external firm to audit HDFC Bank's IT infra in view of service outages
The NSE Nifty 50 index rose 2.14% to 14,586.55 by 0352 GMT, while the benchmark S&P BSE Sensex was up 2.1% at 49,621.80
Yield on advances declined by 133 bps year-on-year in Q3 as mix shifts in favour of corporate loans
Asset quality needs monitoring as Q3's gross NPA ratio of 4.5 per cent is higher than average
The bank hopes to improve its technology platform in three months
On the BSE, shares of the private lender were trading at Rs 1,453.35 apiece, falling 1.39 per cent over the previous close
SBI Cards and Payment Services reported nearly 52 per cent dip in its net profit to Rs 210 crore in the third quarter ended December 2020
The bank has been directed to transfer Rs 158.68 crore along with 7 per cent interest per annum into an escrow account till the issue of settlement of clients' securities is reconciled, Sebi said