Stock markets may be cheering IDFC's banking licence, but its chairman Rajiv Lall says his business plans are for a decade and there could be no immediate gains.
Our focus is on rate of credit consistent with the rate of inflation that as well as economic growth we anticipated, says Raghuram Rajan.
The feud between the founding families of Yes Bank may be headed towards an out-of-court settlement, with both parties warming up to a compromise.
Singh counts some of the blue chips, such as Airtel, RIL, Hindalco, ICICI Bank, Exim Bank, and state-run IOC, among his clients.
HC ruled that it has the jurisdiction to hear plea of Madhu Kapur, in a case involving her right to nominate directors to the YES Bank board.
"The committee has not eliminated any applicants, nor has it given any preference," said an official aware of developments.
Treasury, which does not attract much attention, is emerging as an oasis in the banking industry, rescuing the bottom line of many lenders from the State Bank of India to HDFC Bank and Axis Bank.
Heavy rains, hailstorms take their toll on banking sector's profitability; Rs 5,000 cr of crop loans expected to turn bad
About eight lakh hectare of farmland spread across 28 districts in Maharashtra has been hit by heavy rain and hailstorms over the past 10 days.
Axis Bank on Monday raised the interest rate on credit card outstanding dues to 3.25% per month from 2.95%.
The move could be aimed at ascertaining the role of shareholder promoters in influencing the day-to-day functioning of the lenders.
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