The latest proposal from SEBI to allow investors to directly transfer funds from their bank accounts to clearing corporations for cash market trades poses the most serious challenge till date to the business model of stock broking firms.
The Bombay HC order passed on January 20 came as a ray of hope for the Yes Bank AT-1 bondholders, but the private lender has already announced plans to move the apex court of the country.
Retail investors in bonds and debentures are generally supposed to be savvier than retail stock investors. Hence, they have to take part of the blame.
Net Interest Income (NII) is expected to increase by 19.2 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 3,074.2 crore, according to Prabhudas Lilladher.
Net Interest Income (NII) is expected to increase by 23.8 percent Y-o-Y (up 5.2 percent Q-o-Q) to Rs. 5,366.9 crore, according to Prabhudas Lilladher.
Net Interest Income (NII) is expected to increase by 29.8 percent Y-o-Y (up 7.4 percent Q-o-Q) to Rs. 15,879 crore, according to Prabhudas Lilladher.
Net Interest Income (NII) is expected to increase by 30.8 percent Y-o-Y (up 9.3 percent Q-o-Q) to Rs. 11,320.2 crore, according to Prabhudas Lilladher.
ChatGPT, an AI powered chatbot, can create high-powered conversations that experts say could be beneficial as well as risky for banks.
Outlooks on the long-term ratings of all four banks remain stable.
SJM Co-Convener Mahajan believes how banks are run, not who owns it, is what matters. He’s against selling the “family silver” as the larger state-run banks are not draining the treasury.
However, January figures will be lower due to high base effect
As of now, these norms are meant for only scheduled commercial banks, excluding regional rural banks.
US card networks may get to tap small Indian retailers who otherwise can’t afford them. On that hangs a tale of rivals putting profit before parochialism
The Southeast Asian neobank is led by a management which has its roots in India, as of now the neobank employs over 30 people in Singapore, India and Vietnam.
HDFC Bank Q3 Results: The bank reported 19.9 percent year-on-year growth in its consolidated net profit for the quarter ended December 31, 2022, to Rs 12,698 crore
Gross bond issuances by banks are estimated to reach Rs 1.3-1.4 lakh crore this fiscal as debt sales have already hit record high of Rs 0.915 lakh crore, surpassing the previous high of Rs 0.8 lakh crore in FY17.
Some customers took to social media to highlight the hassles and confusion they faced at bank branches while renewing their lockers
Banks have sought clarity on whether the interest on deferred adjusted gross revenue, which Vi is liable to pay, will be converted into government equity, the sources said.
In this episode of The Week on Dalal Street, CNBC Awaaz's Anuj Singhal shares his thoughts with Moneycontrol's Santosh Nair on why the Nifty could be headed lower in the short term. One of the factors is India’s expensive valuations relative to other Asian markets. Tune in
Total annual i-banking fees which stood at $989.3 million reflected a 16 per cent YoY drop. Here's more
Although considered to be generally safe, many banks have frozen depositors’ money because of weak financials. Private sector and cooperative banks are considered more vulnerable, but even IDBI was headed for trouble before LIC was made to buy it out. Clearly, interest rates on your bank fixed deposits are not the only criteria for an investment.
The partnership will help HDFC Bank leverage the Microsoft Azure stack to consolidate and modernise its enterprise data landscape, enhance employee productivity and customer experience using Microsoft Power Platform, and embed Microsoft Security solutions to enable secure hybrid work for employees
Many banks and even financial planners advise their customers investing in fixed deposits of banks to opt for the ‘either or survivor’ clause. The problem arises when one of the joint-holder(s) dies during the tenure of the deposit, and the surviving joint-holder(s) approach the bank to liquidate the FD.
The new rates are effective from January 3, Indian Bank said in a regulatory filing.