Banking industry
HDFC Bank's latest financial results reflect the lender's cautious approach to retail loans as the second wave of the pandemic continues to pose significant challenges. The bank's overall retail loan book shrunk from ₹5.27 lakh crore in March 2021 to ₹5.23 lakh
Banking industry
The Reserve Bank of India (RBI) has issued a stern warning to HDFC Bank, one of India's largest private sector banks, following a string of outages in its internet banking, mobile banking, and payment services over the past two years. The RBI's order, dated December 2,
Banking industry
The Confederation of All India Traders (CAIT) has written to the finance minister, expressing concerns that banks are offering cashbacks on online purchases in collusion with e-commerce companies. This practice allegedly violates the 'Fair Practices Code' of the Reserve Bank of India. Praveen Khandelwal, national secretary-general of CAIT,
Banking industry
As the markets closed in on the end of the week, bank stocks in India were met with a mixed reaction. While several banks saw their shares decline, others managed to close the day on a positive note. The Nifty Bank index, a benchmark for the banking sector, showed a
Banking industry
HDFC Bank, in collaboration with the Centre for the Development of Leather Products and Footwear of the Industrial Development Board (IDB), recently conducted an awareness program to empower entrepreneurs in the leather and footwear industry across various parts of the country. The program, attended by 125 entrepreneurs, aimed to promote
Banking industry
The Reserve Bank of India (RBI) has launched an investigation into the funding arrangements between some private banks and stock brokers, following a dispute over a share-settlement process. The central bank has written to the Securities and Exchange Board of India (Sebi) seeking details about Fixed Deposit Receipts (FDRs), an
Banking industry
Markets in India saw a mixed trade in banking shares during Tuesday's session. While some banks such as HDFC Bank, IDFCBANK, and RBLBANK saw significant gains, others like IndusInd Bank, Punjab National Bank, and State Bank of India faced losses. The Nifty Bank index was up 1.64
Banking industry
The Covid-19 pandemic has led to a significant drop in new loan applications and sales of third-party products, impacting fee-based income for banks. Fee income constitutes a substantial portion of non-interest revenues for private sector lenders, with forecasts indicating a major hit to this revenue source. HDFC Bank, the country&
