Zulia Investments holds 1.37% stake in India's largest small finance bank
In April last year, the RBI placed restrictions on the bank as it failed to plug gaps in its information technology (IT) systems
RBI data suggest that during the tightening period, the transmission on fresh deposits and loans was higher for state-owned banks than for private sector banks
REC raised Rs 2,595 crore at 7.28%; IIFCL raises Rs 1,040 crore at 7.56%
The move comes after Reserve Bank of India reduced the policy repo rate by 25 bps on Friday
Extent of NIM compression will depend on further rate cuts
"Trade-offs between stability and efficiency will be kept in mind"
The panel had also suggested that the RBI's ECF be reviewed every five years
Experts indicated that yields on 'AAA'-rated corporate bonds have inched up slightly
The net profit of 32 scheduled commercial banks (SCBs) grew by 21.2 per cent year-on-year (Y-o-Y) but dipped 2.4 per cent sequentially
In first nine months, we have grown at 25 per cent versus private sector growth of 19 per cent and overall industry growth of 14 per cent. So we are gaining market share as we go along, the MD said
The facility aims to bridge the gap for lower-rated corporate bonds
The cut-off for 'AAA'-rated issuers' long-term issuance has moved up in the last few months, market experts said
The opening up of the insurance industry to 100 per cent FDI comes at a time when the insurance regulator has been advocating "Insurance for All" by 2047
Currently, the deposit market is very tight, both in terms of growth and also on the cost side. So, clearly, the cost of deposit is higher resulting in a lower NII growth, Chand said
The jury is divided on whether this move has led to the expected inflow of investments
NII of the lender also declined marginally by 1 per cent Y-o-Y to Rs 5,228 crore
In acquisition, we are almost there. And in terms of recovery, if I take the target up to December, we have achieved it, said Pallav Mohapatra, MD & CEO of Asset Reconstruction Company
The standalone asset under management (AUM) of the lender increased 26 per cent Y-o-Y to Rs 2.93 trillion at the end of Q3 while consolidated AUM was up 28 per cent Y-o-Y to Rs 3.98 trillion
HSBC India's branches in the country will now go up to 46