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HDFC Bank rolls out fixed deposit scheme with higher interest rates

The bank has indicated that it will grow its advances slower than its deposits to bring down its elevated credit-deposit ratio

HDFC Bank increases fixed deposit interest rates by up to 20 basis points

It will offer 7.35% and 7.40% on fixed deposits below Rs 3 crore for 35 months and 55 months tenors

Axis Bank Q1FY25 results: Net profit increases 4% to Rs 6,035 crore

The bank's net interest income (NII) increased 12 per cent year-on-year (Y-o-Y) and 3 per cent sequentially to Rs 13,448 crore in Q1FY25, aided by steady growth in advances

Piramal Finance eyes overseas bond market for funding diversification

The diversified non-banking finance company (NBFC) aims to increase its borrowing from international sources to 10 to 12 per cent over the next 2-3 years, up from the current 4 per cent

Budget 2024-25 commits reforms to strengthen IBC, strengthen tribunals

Finance Minister says integrated technology platform will be set up for improving bankruptcy code outcomes

Stressed debt worth Rs 1.25 trillion on NARCL's radar: Economic Survey

Incorporated in 2021, with majority stake held by public sector banks and the balance by private sector banks, NARCL has the mandate to acquire fully provisioned stressed assets from banks

Aim to reduce CD ratio as fast as possible: HDFC Bank MD & CEO Jagdishan

HDFC Bank says it will not get involved in an interest rate war to attract more deposits

HDFC Bank Q1 result: Net profit up 35% at Rs 16,175 cr, NII at Rs 29,837 cr

HDFC Bank Q1 result: Sequentially, net profit of the lender is down 2%

Global tech outage: 10 banks, NBFCs witness minor disruptions, says RBI

Overall Indian financial sector remained insulated from the global outage

Need unambiguous, clear focus on inflation: RBI Governor Shaktikanta Das

Guv says RBI's target is inflation, not a neutral rate of interest

Bank of India raises Rs 5,000 crore via 10-year infrastructure bonds

SBI has raised Rs 20,000 crore through infra bonds while Canara Bank has raised Rs 10,000 crore

HDFC Bank to grow advances slower than its deposits: CEO Jagdishan

Erstwhile housing finance major HDFC Ltd. merged into HDFC Bank on July 1, 2023, creating a financial behemoth

Rs 32,619 cr and rising: India Inc back with overseas bonds in 2024

Reduced hedging cost, appetite for high-yield bonds help big-dollar borrowing

Byju's may challenge NCLT's insolvency proceedings order against its parent

Sources say the company may approach NCLAT in the next few days

Public-sector banks make beeline for fundraise via infrastructure bonds

Canara Bank raises Rs 10,000 crore at 7.4% through 10-yr bonds

Bank of Baroda, BoM launch deposit schemes to fund credit demand

SBI to follow suit with 444-day plan at 7.25%

Jio Financial Services Q1 results: Net profit down 5.72% at Rs 313 crore

Interest income was down 19.8 per cent to Rs 162 crore in Q1FY25 as against Rs 202 crore in Q1FY24

Tech centre of our efforts to transform, scale: Kotak Mahindra Bank MD, CEO

Vaswani highlighted that the most important stakeholder in the bank are customers

Major credit card issuers go live on Bharat Bill Payment Systems platform

Issuers live on the platform cater to 80-85% customers

Group representing NBFCs seeks approval to offer credit through UPI

Industry should be 'permitted to carry out certain activities restricted to banks', says FIDC