IndusInd, Federal, Bandhan may be key gainers of government move
Nifty Private Bank Index gained nearly 4% on Wednesday and 0.5% on Thursday. ET takes a look at how brokerages are perceiving this.
Centre lifts embargo on pvt banks for govt biz
The Centre on Wednesday announced that it has lifted the embargo on private sector banks for t...
Rakesh Jhunjhunwala iffy on internet companies; bets on TaMo, PSBs, small private lenders
In an exclusive interview with ET NOW, Jhunjhunwala...
Morgan Stanley ups target price on SBI
The brokerage said SBI reminds it of China Merchants Bank (CMB), which has shown consistent improvement in its retail franchise compared to the country’s other public sector banks.
Supreme Court asks 17 lenders to explain Fortis Healthcare's stake sale
The top court asked the lenders to place on record the details of the encumbered and unencumbered shares of Fortis Healthcare Ltd (FHL) standing in the name of Fortis Healthcare Holding Private Ltd (FHHPL), held by them in September 2016, as well as details of encumbered and unencumbered shares of FHL standing in the name of FHHPL, held by them on August 11, 2017.
Axis Bank, promoter United India Insurance settle non-disclosure case with Sebi
Sebi said it noted in the investigation that during the period from October 01, 2017 to September 30, 2018, the value of trades by UICC in the securities of the private lender on each trading day was more than Rs 10 lakh.
ICICI Bank Q3 takeaways: Beats across matrix, conservative NPA policy should impress D-Street
The lender’s performance was complemented by the strong growth in loans as well as deposits in the quarter. Deposits in the quarter grew 22 per cent on-year with average current account deposits rising 27 per cent on-year.
Nearly two-thirds of auto industry loan requirements met by private, foreign lenders: Report
In terms of value of the loans extended, private sector lenders have the largest share at 41.4 per cent, foreign banks accounted for 24.4 per cent and state-owned lenders came third with 19.6 per cent share.
Tata Motors ties up with private lenders for commercial vehicles financing
The offerings arising out of these tie-ups will include ancillary financial provisions such as fuel financing, working capital financing, aggregate financing and service cost financing. It will enable customers to avail attractive financial schemes from all the partner financiers with minimal formalities, it added.
DHFL shares jump as Piramal set to take over crisis-hit lender
The stock, which gained 76 per cent last year after two years of sharp falls, rose 5 per cent in early trading and hit an upper price limit of 27.55 rupees.
ICICI Bank acquires 9.09% stake in ed-tech platform Myclassboard Educational Solutions
MESPL offers an online school management platform and reported turnover of Rs 12 crore in FY 2020.
RBI Guv ask banks to strengthen lending capacity by raising capital
During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively.
Private lender HDFC Bank appoints Sanmoy Chakrabarti as Chief Risk Officer
The bank's board of directors on Monday cleared the appointment of Chakrabarti, Head- Risk Management, as the CRO of the bank for a period of three years, with effect from December 14. He replaces Jimmy Tata, as part of an internal reorganization, according to the regulatory filing.
Foreign, local private lenders ask RBI for tweaks, delay in rule
Sensing that the industry lobby — dominated by government-owned banks — may not voice their interest, foreign banks wrote to the Reserve Bank of India (RBI) a few days ago, spelling out areas of concern, two senior bankers told ET.
Govt further trims SUUTI stake in Axis Bank: Report
Government offloaded 61.43 lakh shares of Axis Bank between December 2 and December 4, the report said.