Page 2 - Private Sector Banks

YES Bank soars 35% in 3 months; stock at 20-month high on improved outlook

In August, CRISIL upgraded the rating on Tier-II bonds (under Basel III) and Infrastructure Bonds of YES Bank to 'CRISIL A-' from 'CRISIL BBB+' and revised its outlook to 'Positive' from 'Stable'

SBI sells largest AT-1 tranche at lowest rate for any bank so far this year

The bank had notified an amount of Rs 7,000 crore to be raised through a single tranche of AT-1 bonds in order to augment capital.

HDFC Bank hikes MCLR by 10 bps across loan tenures, effective Sep 7

Second rate hike in two months by lender after RBI's rate setting committee hiked benchmark repo rate by 50 bps to 5.4%; new MCLR at 7.90-8.40%

Axis Bank ties up with PayNearby, aims to boost priority sector lending

Private lender's portfolio of rural loans was at Rs 58,800 cr at the end of the first quarter this financial year

Existing players will join once penetration crosses single digits: ONDC CEO

In a Q&A, T Koshy, dwells on the network's national road map, challenges in onboarding small retailers, and the value proposition for customers

ICICI Bank market-cap hits Rs 6 trillion; stock rallies 26% in 2 months

ICICI Bank now joined the elite club of companies having market capitalisation (market-cap) of over Rs 6 trillion

Q1 results: Private banks' net profit rises 47% on fall in provisions

Loan repricing, high loan growth buttress NII

Axis Bank Q1 net profit jumps 91% to Rs 4,125 crore on firm NII growth

MD says he hopes to get CCI nod for Citi's consumer biz deal in 6-8 weeks

IndusInd Bank's board approves fundraise of up to Rs 20,000 crore

The bank's board also approved the re-appointment of Akila Krishnakumar as non-executive independent director

YES Bank, JC Flowers in pact for ARC in bid to seal largest ever NPA deal

This is being termed the single-largest bad loan deal

FSIB recommends former Union Bank of India MD for post of NaBFID MD

The Centre, earlier this month, transformed the Banks Board Bureau into FSIB and expanded the headhunter's role to suggest appointments for PSU banks, insurance companies and financial institutions

ED probing some entities, employees over irregularities, says IndusInd Bank

IndusInd Bank says it has no credit exposure to the entities being investigated

Govts should mobilise more domestic resources via tax reforms: Albert Park

In an Q&A, ADB Chief Economist Albert Park tells that countries in region may not be able to carry on with large expenditures and social transfers meant for pandemic, given rising debt burden

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

Private banks are better money managers, state-owned lenders grow faster

They witnessed higher gains from parking funds with RBI and income from investments; as rates rise, space for both would shrink

Asset quality not the criterion for transition: RBL Bank's Subramaniakumar

We need to continue with the strength the bank has leveraged in the past decade, Subramaniakumar said

Kotak Investment Advisors launches 'Kotak Cherry': Check details here

Kotak Investment Advisors' one-stop investment solution provider 'Kotak Cherry' aims to be an open architecture platform

HDFC-HDFC Bank merger: Better late than never

There won't be instant gratification for investors but the move will catapult the bank into the big league

Bandhan Bank Q4 net soars to Rs 1,902 crore; NII up 45% to Rs 2,539.8 cr

In the previous quarter, it had earned net profit worth Rs 859 crore

RBL Bank's gross advances up 3% at Rs 61,929 cr in FY22

Retail advances declined 8% year-on-year but grew 1% sequentially