State Bank of India’s mega recruitment drive: Reports indicate to take in additional 18,000 personnel
Ensure loans to farmers, micro-enterprises: FM Nirmala Sitharaman to PSBs The asset quality of PSBs has improved significantly with gross NPAs at 4.97% and net NPAs at 1.24% in March… By FE BureauJuly 7, 2023 01:15 IST
Ujjivan Small Finance Bank gross loan book rises 31% The bank’s disbursements rose 22% y-o-y to Rs 5,280 crore in the quarter under review driven by a growth in… By Ajay RamanathanJuly 7, 2023 00:15 IST
HDFC Bank- HDFC deal, a merger that will leave India’s banks gasping These disruptions are taking place on the strength of a much larger consuming class that finance has helped create along… By BloombergJuly 6, 2023 10:33 IST
US banks lose favor with European hedge funds, Goldman Sachs says Overall, shares in European banks are outperforming U.S. peers as they did not face the deposit flight experienced in the… By ReutersUpdated: July 6, 2023 10:40 IST
Veritas Finance raises Rs 1,200 crore through Multiples Private Equity The deal comprises a primary issuance of Rs 400 crore and provides a part exit to early investors, British International… By FE BureauJuly 6, 2023 01:30 IST
HDFC Bank says merged loan book with HDFC at $273.8 billion as of June end HDFC Bank merged with HDFC on July 1 in a $40 billion merger, the largest in India’s corporate history, entering… By ReutersUpdated: July 5, 2023 10:29 IST
Bandhan Bank CFO Sunil Samdani resigns Samdani has been associated with Bandhan Bank since it received the banking licence and started operations in 2015. By Mithun DasguptaJuly 5, 2023 06:15 IST
Unsecured retail loan stress manageable, say bankers Of this, the share of unsecured retail loans has risen to 25.2% of the overall portfolio of banks as on… By Ajay RamanathanJuly 5, 2023 05:50 IST
SBI to buy SBICap Ventures for Rs 708 crore SBI will acquire 60.4 million shares of SBICap Ventures, the exchange filing said. By FE BureauJuly 5, 2023 02:45 IST
Bank shareholders have got a fair deal: V Vaidyanathan, MD & CEO, IDFC First Bank As far as the bank shareholders are concerned, the book value per share goes up by around 5% because the… By Ajay RamanathanJuly 5, 2023 01:30 IST
Analysts view: Merger won’t cloud IDFC First’s MSCI inclusion process In fact, the only deterrent that the brokerage sees is the stock not being able to meet the price cut-off… By Ajay RamanathanJuly 5, 2023 01:00 IST
A lot of value left to be extracted: Spandana Sphoorty MD Shalab Saxena “We had a tough last year, and when the new management joined in March 2022, we assessed the situation and… By Piyush ShuklaJuly 5, 2023 00:15 IST
RBI rejects 3 applications for setting up small finance banks RBI had received about a dozen applications to set up banks under the guidelines for ‘on tap’ Licensing of Universal… By PTIJuly 4, 2023 20:28 IST
Finance Minister Nirmala Sitharaman to meet chiefs of PSB banks to review financial performance on Thursday According to the sources, the finance minister is likely to impress upon bankers to focus on the areas highlighted by… By PTIJuly 4, 2023 19:29 IST
HSBC returns to private banking in India to tap growing wealth The business is aimed at professionals, entrepreneurs and their families with investable assets of more than $2 million, HSBC said… By BloombergJuly 4, 2023 15:36 IST
For advising on $64 billion HDFC-HDFC Bank merger, bankers get a 0.0002% fee HDFC’s all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about… By BloombergJuly 4, 2023 09:49 IST
155:100 swap fixed for IDFC, IDFC First merger Bank board approves proposal; process to be completed this year By Ajay RamanathanJuly 4, 2023 06:00 IST
IndusInd promoter to up bank stake to 26% The board of IIHL also approved a fund-raise of up to $1.5 billion or approximately Rs 12,300 crore, according to… By FE BureauJuly 4, 2023 03:30 IST
Prashant Kishor to donate all assets to Bihar Navnirman Sankalp initiative, ‘barring one house in Delhi’
SC seeks ECI’s response on pleas challenging SIR in Kerala, UP and other states; hearing likely next month
