Sebi has imposed a penalty of Rs 1 crore
SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.
Former HDFC Bank chief executive Aditya Puri on Tuesday backed the proposal to allow deep-pocketed corporates into banking in India. Puri, the founder chief executive of what has become the largest private sector lender who retired recently, said the country needs more banks to fuel its economic growth ambitions and capital will have to come from somewhere. Late last year, an internal working group of RBI had proposed to re-allow corporates into banking, leading to a huge controversy on concerns over potential conflicts of interest. "Giving (banking licences) to individuals didn't work, public ownership didn't work either. There is no harm trying it," Puri said during an online event. He named Yes Bank, started by two individuals, and also infra lender IL&FS which faced troubles over governance as cases which did not work and underlined the need to try something new. In order to become a USD 5 trillion economy, India needs to have more banks and a corporate with a good set of ...
Asset quality remained healthy with gross non-performing assets falling 27 bps sequentially to 0.81 per cent in Q3FY21
Stock market updates: The S&P BSE Sensex hit an intra-day low of 48,404 today
Metropolis Healthcare said it will acquire Dr Ganesan's Hitech Diagnostic Centre
Provisions and contingencies of the lender increased 12 per cent year on year
HDFC bank is the largest private sector lender in India
On average, the gross non-performing asset (GNPA) ratio is seen between 1.3 per cent and 1.7 per cent for Q3FY21
Among the pack, mighty banks such as HDFC Bank and ICICI Bank are expected to outperform their peers, analysts say.
Between March and December, FPIs purchased an additional 129 million, or 2.67 percentage point stake, in the bank
Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations
In the broader market, the S&P BSE MidCap index ended the day in the green, up 0.4 per cent at 18,749 level.
HDFC is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis
Going into the year 2021, however, experts say returns may moderate in the new year. However, select stocks still offer a good upside over the next one year, charts show
Former Economic Affairs Secretary Atanu Chakraborty is likely to be the next Chairperson of the country's largest private sector lender HDFC Bank, sources said.
The tenure of current part-time Chairman Shyamala Gopinath will end on January 1.
Online service 'Smart Finance' to cover 30 cities, Company says this will result in improvement of enquiry to sales conversion
The recurring outages also risk hurting the bank's brand perception among a growing and increasingly digital-savvy customer base, and increase the chances of clients switching to other banks