Banking

The Bombay HC on 10 October barred DHFL from making any payment to unsecured creditors, which includes deposit holders. (Pradeep Gaur/Mint)

78-year-old DHFL customer dies after kin inform her about fate of deposits

2 min read . 14 Nov 2019

Bandhan Bank alone reported a profit of ₹971.8 crore in July-September quarter

A four-year-old bank makes more profit than 17 PSU banks combined

2 min read . 14 Nov 2019

The audit committee of Yes Bank’s board had ordered the special audit into the whistleblower’s complaints received in September 2018. (REUTERS)

Yes Bank faces fresh audit into complaints by whistleblower

3 min read . 13 Nov 2019

The MPC will also have the September quarter GDP data when it meets in December. (REUTERS)

Retail inflation: The options before Reserve Bank of India

1 min read . 13 Nov 2019

Sandeep Kumar said that 56% of its branches in Assam are in semi-urban and rural areas (Mint )

HDFC Bank to have 200 branches in north-east region, hire 2,000 people

1 min read . 13 Nov 2019

(Photo: Reuters)

Banks Board Bureau recommends 3 names for MD&CEO post at BoB, Canara Bank, BoI

1 min read . 12 Nov 2019

The Union Bank of India will be merged with Andhra Bank and Corporation Bank to build India’s fifth-largest public sector bank.

Bank merger: Transfer policy should not put employees at unease, says minister

1 min read . 12 Nov 2019

On 13 August, RBI announced that HFCs will be treated as a category of non-banks. (Photo: Reuters)

RBI withdraws certain exemptions from housing finance companies

1 min read . 12 Nov 2019

The RBI regulations, which came into effect on 1 April, mandate that banks limit their exposure to 25% of their capital for connected parties.

External commercial borrowings of firms jump 50% in April-September

2 min read . 11 Nov 2019

PSU banks saw growth fall from 8% to 5% year-on-year, while private sector bank growth was down from 22% to 14%. (Mint)

Credit crunch worsens as loan growth slows to 6% in Q2

2 min read . 11 Nov 2019

Nomura also said that it expects India's potential growth to remain near 6.5% over the next five years

NBFC growth may fall to 4.8% in FY20, says Nomura

3 min read . 09 Nov 2019

RBI announces slew of measures to push digital payments in India

1 min read . 09 Nov 2019

If India’s Baa2 sovereign rating were to be downgraded, HDFC Bank’s rating will also be downgraded, said Moody’s. (Photo: Bloomberg)

Moody’s outlook revision may prove costly for banks

2 min read . 08 Nov 2019

The outlook was maintained stable for Bank of India, Canara Bank, Oriental Bank of Commerce, Syndicate Bank and Union Bank of India (Photo: Bloomberg)

Moody's downgrades outlook on key fin institutions, including SBI, HDFC Bank

2 min read . 08 Nov 2019

The lender has a diversified portfolio with a presence in 18 states.

TPG Capital leads ₹225 cr funding round in Jana Small Finance Bank

1 min read . 08 Nov 2019

PNB Housing Finance was set up in 1988 as a deposit-taking housing finance company by state-run PNB

PNB Housing Finance raises ₹2,500 crore by issuing bonds to LIC

1 min read . 07 Nov 2019

The new rates will be effective from November 7 (Reuters file)

HDFC Banks cuts MCLR by up to 10 bps for 6 month-3 year loans

1 min read . 07 Nov 2019

DHFL is currently classified as stressed account (Mint)

Govt not planning to help banks rescue DHFL: Report

1 min read . 07 Nov 2019

Dining and jewellery are the most sought after items (Reuters file)

Millennials lead luxury spending growth in India: American Express report

2 min read . 07 Nov 2019

The penalty was imposed through an order dated 4 November (Photo: PTI)

RBI slaps penalty on Gujarat-based Mehsana Urban Co-operative Bank

1 min read . 06 Nov 2019