All that happened in the markets today
The accumulated interest will increase the principal and you will have to pay a higher interest rate on it
The stock may underperform until the Street gets clarity on asset quality and outcome of the litigation
All that happened in the markets today
Here are key details about HDFC's loan restructuring offer as published on its website
Lender expects its response to be due in early 2021, says there is no matter currently that requires disclosure
All that happened in the markets today
Cite failure on bank's part to inform investors about improper internal controls on vehicle loans; outgoing MD Aditya Puri, CEO-designate Sashidhar Jagdishan among ddefendants
Morgan Stanley believes the banks could provide aggressively for bad loans (unlike the banking system) and accelerate the pace of loan market share gains as the economy stabilizes
Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments
Tata Consultancy Services and HDFC Bank were the only gainers among the 10 most valued listed firms
So far, there have been varied views with regards to the percentage of loans that may seek restructuring.
The investment legroom for FPIs in HDFC Bank, Kotak Mahindra Bank, and IndusInd Bank has reduced, according to index provider FTSE, which has dropped these stocks from some of its indices
Puri, who counts JP Morgan CEO Jamie Dimon as one of his inspirations, says the biggest challenge of his career was to scale up HDFC bank
Hopes of improvement in asset quality, better credit growth and lower valuations are supporting factors
The two titans of Indian banking also spoke about what it takes to succeed in the highly competitive and byzantine financial services sector
Kumar said banks would look at all requests for restructuring on a case-to-case basis and will act according to whatever is permitted by regulation
Leading bankers welcome term loan installment moratorium announced as economic relief
"Consolidation for the sake of consolidation" is not feasible because demand for financial services exceeds supply in the country, said Aditya Puri
The bad-loan ratio might widen to 1.4% to 2%, which will be close to the highest level since the global financial crisis, Sashidhar Jagdishan said in a conference call with analysts on Friday