Many lenders also advised borrowers not to make use of the moratorium offer in case they were in a position to pay their instalments on the due date
Here is an FAQ by HDFC Bank, explaining how the stipulation by RBI will impact its customers
SBI informed customers that in some cases, deferring 3 EMIs on a home loan may force the borrower to pay 8 more EMIs
Largest private sector lender HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan
RBI doesn't have a choice but to provide some relaxation on the asset classification norms, says Aditya Puri
Puri in an interaction with reporters said: "… the recommendations are with the search committee and before April, an appropriate person who will take the bank into the future will be announced"
HDFC Bank has urged people to use cheque drop boxes to help reduce crowding in branches
Valuation of Reliance Industries Ltd (RIL) eroded by Rs 54,961.45 crore to Rs 6,46,732.07 crore and that of HDFC dropped by Rs 54,479.15 crore to Rs 3,03,722.13 crore.
US-based Bernstein slashes rating to underweight, almost halves target price; UBS maintains positive stance
HDFC Bank slipped over 1 per cent to Rs 882 after global brokerage house Bernstein downgraded the stock to 'unerperform' and sharply slashed the target price to Rs 750 from Rs 1,400 earlier
The brokerage lowered the bank's rating to 'underperform' from 'market-perform' earlier, and lowered target price to Rs 750, from Rs 1,400
The fall in banking stocks has a huge bearing on the overall markets as the sector has the highest weighting in the benchmark indices
On Wednesday, the private lender's stock saw its steepest single-day fall of 9.9 per cent in nearly 12 years; it is down 33 per cent since all-time high
In the last one month, the Nifty Bank has tumbled 24.7 per cent as compared to Nifty's 23.64 per cent fall. Here are key levels for frontline banking counters.
Reliance Industries, HDFC Bank, and ICICI Bank have been the biggest drag on the index performance, given their high weightage
The Union Cabinet on Friday approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Majority of private bank stocks are down 10-33% YTD, indicating weaning conviction in the sector
The Mumbai-based lender has a market capitalisation of about $86 billion, giving it a bigger standing than major US banks like Goldman and Morgan Stanley
Way back in 2004, the crisis-ridden Global Trust Bank was merged with the Oriental Bank of Commerce by the Reserve Bank of India