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HDFC Bank to roll out e-distribution network, cover 50K more villages

There are 40-45 banking services like account opening, fixed deposits, loans that could be offered through the digital platform

India's foreign exchange reserves decline by $2.1 billion to $584.2 billion

Gold reserves dropped by Rs 24 million to Rs 46.151 billion, the RBI said

Rupee continues to make gains against dollar for 2nd consecutive month

Rupee, after depreciating 11 per cent in 2022, has seen its fortune swinging in 2023 as it has gained 1.1 per cent against the dollar

Govt appoints Siddhartha Mohanty as chairman of LIC till June 2024

Appoints Mohanty chairman until June 29, 2024; he'll then take over as MD & CEO

Axis Bank reports Rs 5,728-crore loss in Q4 on Citi biz acquisition

Barring the deal, Q4 net profit jumps 61% to Rs 6,625 crore

Looking closely at banks' business models: RBI governor Shaktikanta Das

Talking about operational resilience, Das said banks need effective policies regarding cyber risks

AU Bank's credit card business will break even in FY25: CEO Sanjay Agarwal

Banking will completely shift from brick-and-mortar to online in some 10 years, he says

HDFC Life Q4 net profit flat at Rs 358.6 crore; net premium rises 36%

The first year premium during the first quarter was Rs 4467 crore as compared to Rs 2575 crore - an increase of 73.5%

Home loan borrowers turn to refinancing amid rise in interest rates

Lenders cut spread to attract new customers

Supply shocks led to price rise during pandemic, says SBI report

The SBI report analysed 7 sectors - Telecom. FMCG, Two-Wheeler, Passenger Vehicles, Retail Trade, Steel & Basic Metals

We walked the talk on value of new business: ICICI Pru Life CEO & MD Kannan

VNB has more than doubled and margins have expanded from 17 per cent to 32 per cent. So, given this, I would say, we have achieved more than we had told the market

ICICI Bank Q4 net profit rises 30% to Rs 9,122 crore on margin expansion

ICICI Bank's yield on advances was 9.75 per cent during the January-March quarter, and in the previous quarter it was 9.13 per cent

In the run-up to merger: HDFC Bank gets RBI relief on PSL norms

Some analysts estimated HDFC Bank would need Rs 1 trillion for meeting the CRR/SLR norms

IMF likely to have erred on India's growth forecast, says RBI paper

Actual outcomes may surprise; India Inc profits remain healthy despite many challenges, it says

No hike needed if inflation within tolerance band: MPC member Ashima Goyal

In a Q&A, she explains why the rate setting panel's current focus should be to bring down inflation

When inflation gets closer to 4%, focus can shift to growth: Jayanth Varma

'Lot of high frequency indicators are showing some signs of slowing'

Minutes of April MPC meeting: Members split on economic growth prospects

RBI Governor Shaktikanta Das says situation dynamic and fast evolving

Home loan demand declines, special interest rates to continue

CMI findings show a marked increase in demand for credit cards and personal loans, indicating growing adoption of consumption-led credit products that provide convenience and liquidity

Volumes yet to pick up, CBDC pilot may continue for another year

Volumes need to rise to a level that can comfort the regulator for a full-fledged launch, the sources said

HDFC Bank to continue opening branches at same speed in FY24 as last year

CFO says branch, customer acquisition key to deposit mobilisation; Merger with HDFC likely to be effective in July