Moody's says RBI halting the bank's Digital 2.0 initiative and sourcing new credit cards is credit negative
Central bank, which yesterday pulled up HDFC Bank for multiple outages of its digital services, is checking why SBI's YONO application went down.
RBI measures won't affect existing customers. Similar measures could be taken for larger banks that faced recent outages
Flipkart is doing a partial spin-off of PhonePe. More on that story in our top headlines of the day.
The RBI also took note of the recent outage in the bank's internet banking and payment system on November 21, 2020, due to a power failure in the primary data centre.
Combined entity would be nearly half SBI's size and in an indisputable No 2 slot; cost of funds a hurdle though
HDFC Bank, which is at number three position in overall market-cap ranking of listed companies, has become the first lender to achieve the milestone.
With Rs 8-trillion milestone, HDFC Bank now stands at third position in the overall market-cap ranking of listed companies
In the past month, HDFC Bank has outperformed the market by gaining 17 per cent, against 10 per cent rise in the S&P BSE Sensex
Operation of some banks including HDFC Bank were temporarily impacted on Saturday due to power outage at Dhirubhai Ambani Knowledge CITY, in Navi Mumbai which has data centres of several companies
Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment
A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit
The stock of the private sector lender has outperformed the market by surging 10 per cent in the past week, as compared to a 5.6 per cent rise in the S&P BSE Sensex.
Puri, who retired from HDFC recently will provide the global investment firm guidance on investment opportunities across Asia
After a sustained bull run, the markets are expected to enter a turbulent period
With a view to drive digital payment adoption among the merchant segment, HDFC Bank has launched cashback offers for small and medium-sized merchants across the metro, semi-urban and rural markets
Asset quality to be weaker than HDFC Bank
Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs
The bank's bad loan net of provisions has been under 0.5% of its assets for a decade now, despite a 10x jump in its assets and 8x in its net interest income.
Jagdishan had also come to office for the hand-over ceremony. Both Jagdishan and Puri addressed their colleagues virtually during the day, officials said