In an interview to CNBC-TV18, Vaibhav Agrawal of Angel Broking analyses HDFC's numbers and what his brokerage's call is on the stock right now.
Keki Mistry, vice chairman and chief executive officer of HDFC told CNBC-TV18 that this product is for people, who do not want to take any risk on interest rates and want to freeze those rates.
CNBC-TV18's Gopika Gopakumar reports that the banking stocks were singly responsible for the bloodbath on the D-Street today. The banking index, Bankex, accounts for over 25% of the Nifty, and it falling a dramatic 3.5% today, dragged the markets down over 2%.
Loan growth in India will likely be lower than the Reserve Bank of India (RBI) forecast, the billionaire managing director of Kotak Mahindra Bank said on Thursday, adding that the bank is cautious about lending to sectors such as infrastructure and telecom.
Indian lenders, which have seen deposits sharply outpace loan growth in the June quarter, are likely to increase investment in short-term paper or step up their government bond purchases.
In a bid to expand its overseas footprint, Canara Bank plans to open offices in five countries, including Germany and Japan, during the current fiscal.
Private sector IndusInd Bank today said it plans to open about 400 branches over a period of three years to expand its presence in the country.
Neeraj Swaroop of Standard Chartered Bank, in an interview on CNBC-TV18 spoke about his bank's net interest margins and whether he expected the pressure to continue till the end of the year.
ICICI Bank Ltd beat expectations with a record quarterly profit on growing demand for credit in the country and rising fee income and forecast stronger loan growth in the next fiscal year.