Page 418 - Finance News

YES Bank's loan book expands by 8.8% to Rs 1.81 trillion in FY22

The pace of growth in deposits on YES Bank was much higher at 21.1 per cent in FY22.

HDFC Bank and mortgage lender HDFC Ltd to merge

The merger is expected to be completed by Q2/Q3 of FY24

HDFC Bank and mortgage lender HDFC Ltd to merge

The merger is expected to be completed by Q2/Q3 of FY24

Bad loans to decline to 5.6-5.7% level by March 2023, says ICRA

The credit and other provisions are estimated to dip to 1.3-1.4 per cent of advances in FY23 as against an estimated 1.7-1.8 per cent in FY22

HDFC-HDFC Bank mega merger: 45 years on, the homemakers check in

Fifty-five years ago, Hasmukh Thakordas Parekh set up HDFC Ltd, which went on to become a marquee name in India Inc

HDFC Bank merger to create entity twice the size of ICICI Bank: S&P

The merger is subject to regulatory and other approvals and could take 12-18 months to complete, it said

Effects of HDFC-HDFC Bank merger go beyond banking: Rajnish Kumar

The finance companies, including housing finance entities, have to rely on wholesale fund-raising from the market or borrowings from banks, both of which are relatively costly

HDFC Bank, HDFC to merge in $40 billion deal to create lending behemoth

The transaction involves the amalgamation of HDFC and its two wholly-owned subsidiaries HDFC Holdings and HDFC Investments with HDFC Bank

Reserve Bank of India imposes penalties on three cooperative banks

the central bank said a penalty of Rs 2 lakh has been imposed on Kokan Mercantile Co-operative Bank Ltd., Mumbai for similar non-compliance

Federal Bank's advances rise 10% to Rs 1.47 trn in FY22; deposits up 5%

The private sector lender's interbank deposits plunged by 62% to Rs 1,162 crore during the year ended March 2022, and the certificates of deposit fell by 59.3% to Rs 2,437 crore.

HDFC's merger to be booster shot for HDFC Bank, diversify its revenues: S&P

Profitability could to take hit in the short run

'RBI to remain accommodative, leave all rates unchanged in April policy'

The comfort provided by the expected improvement in inflation was the anchor for the super-dovish February policy

PNB makes verification of high-value cheques mandatory to check fraud

PNB customers need to share details like account number, cheque number, cheque alpha code, issue date, amount, and beneficiary name for clearing the high-value cheques under PPS

Bank of Maharashtra's gross advances grow 27% to Rs 1.36 trillion in FY22

The retail loan growth was led by an increase in its home loan book which registered a jump of 52.1 per cent

J&K admin clears Rs 4,119 crore for J&K Bank pension, other bills for FY22

The Jammu and Kashmir government on Monday said it has cleared the payments for various departments, including Rs 4,119 crore for J&K Bank pension disbursement, for the last financial year.

HDFC Bank and mortgage lender HDFC Ltd to merge

The HDFC Bank and HDFC Ltd. merger is expected to be completed by Q2/Q3 of FY24

How are Indian crypto industry & investors coping with the new tax regime?

The new financial year brought with it a slew of changes in the tax regime. Income arising from the transfer of virtual digital asset will invite a 30% tax. How will it impact Indian crypto industry?

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

Paid back PMC depositors Rs 3,800 crore: Centrum Group's Jaspal Bindra

This is more than two years after PMC went bust and the Reserve Bank of India (RBI) imposed restrictions on the amount the depositors can withdraw

Bond trade gains of banks may be down 30%, says India Ratings

The rating agency's assessment showed the yield on benchmark 10-year government bonds rose 66 basis points in FY22 to close at 6.84 per cent from 6.18 per cent at the end of March 2021