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Banks miss Rs 50,000 crore bad loan transfer deadline of March 31 to NARCL

A total of 38 non-performing accounts - amounting to Rs 82,845 crore - were identified for transfer to NARCL, in a phased manner

Home loans to be cheaper as bank has low-cost deposits: HDFC Bank chairman

Cost-wise, the housing loans would certainly come at a cheaper cost because the bank has low-cost deposits or Casa [current and savings account]

Combined entity will get benefit of lower cost of funds: HDFC's Keki Mistry

Keki Mistry, vice-chairman and chief executive officer of HDFC, tells Manojit Saha the option to merge with HDFC Bank was on the drawing-board but it is making sense now owing to a variety of factors.

HDFC twins merge in $40-bn deal; amalgamation may take 15 to 18 months

The country's largest housing finance company and the biggest private sector bank announced that their boards have approved an all-stock amalgamation of HDFC Ltd into HDFC Bank

Sashidhar Jagdishan on what the deal with HDFC means to HDFC Bank

Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, tells Manojit Saha what the deal with HDFC means to the bank and the opportunities it provides

How Axis Bank gains from Citibank: It's about quality of customers

The quality of customers it acquires holds the key to success but the benefits of the buyout could kick in only from FY25

BS policy poll: RBI likely to hike inflation forecast, say economists

Most respondents see status quo on repo, reverse repo and stance

NARCL chairman Pradip Shah quit before RBI nod: State Bank of India

After Shah stepped down, Subrata Biswas, a deputy managing director of SBI and one of the nominee directors of NARCL, was appointed as interim chairman

Rupee drops 3.5% against dollar in FY22; fares better than global peers

The rupee depreciated 6.27% in the financial year 2013-14 when investors pulled out of emerging markets after the US Fed under Ben Barnanke spoke of possible financial tightening

Recapitalisation bonds to face mark-to-market provision, says RBI

The RBI also said that, 'investments classified under HTM shall be carried at acquisition cost, with the premium over the face value being amortised over the tenor of the instrument'

Axis Bank acquires Citi's consumer business in India for $1.6 bn

The all-cash deal includes Citi's credit cards, retail banking, wealth management and consumer loan

IL&FS recovery likely to be Rs 61,000 crore, 62% of total debt

The resolution process of IL&FS started three and half years ago after a new management was appointed by the government

Maharashtra saw highest number of complaints against digital loan apps

A total of 2,652 complaints against digital loan apps (DLA) were received by 'Sachet' - a portal established by the RBI

Enforcement Directorate wants RBI to block NBFCs on a Chinese string

Lists 40 NBFCs extending small-ticket loans but acting as a front for Chinese fintech firms

Data breach: Business models of payment platforms under RBI scrutiny

Seeks info on lending ops after cases of data breach

RBI continues to support growth, rupee: Governor Shaktikanta Das

India comfortably placed to deal with spill-overs from Ukraine crisis, says Das

RBI likely to adopt hands-off approach in foreign exchange market

The RBI continued to be a net buyer of $36.6 billion in this fiscal year - between April and January. In 2020-21, it purchased $68 billion on a net basis.

Rupee stages strong comeback after hitting an all-time low on March 7

The country is also in a better position among emerging market currencies due to its $630-billion-plus foreign exchange reserves

Global developments pose downside risks to India, says RBI report

The report said the shock emanating from geopolitical risks hit at a time when inflation was elevated in many countries

Decoded: Why the next FATF review is critical for India

The evaluation of India by the Financial Action Task Force (FATF) could start by the end of the year