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HDFC earns Rs 263 cr profit on sale of investments during Q1
HDFC sold its entire stake in associate company Good Host Spaces for Rs 54 cr and sold part stake in HDFC ERGO General Insurance Co. for Rs 209 cr
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Banks’ gross NPAs may rise to 9.8% by March 2022: RBI
Seeking to allay concerns, the RBI further said that the banks have sufficient capital, both at the aggregate and individual levels
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Interest rates on small savings schemes unchanged for Q2
Interest rates on small savings: The interest rate on the five-year senior citizens' savings scheme would be retained at 7.4%.
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Personal loans grow 13.5% in March 2021: RBI
Credit to the household sector rose by 10.9% (y-o-y) and its share in total credit increased to 52.6% in March 2021 from 49.8% the year-ago period
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'Co-op banks shall not outsource core management functions'
The Reserve Bank of Indi said the lenders can hire experts, including former employees, on a contractual basis subject to certain conditions
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IFSC code of Syndicate Bank set to change From 1 July 2021
Syndicate Bank customers will have to use new Canara Bank IFSC for receiving funds through NEFT/RTGS/IMPS
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Cardless EMIs: All you need to know
Cardless EMI facility: Customers can convert transactions up to Rs 5 lakh into easy EMIs using the registered mobile number
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RBI extends regulatory restrictions on PMC Bank till Dec
Paving the way for takeover of PMC, the RBI had earlier in the month granted in-principle approval to Centrum Financial to set up a small finance bank
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Banks thrive on low-cost deposits in savings accounts
Lenders are flush with funds in CASA accounts as people deposit money in banks for safe-keeping
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HDFC Bank to hire 500 in 'digital and enterprise factory'
HDFC Bank said it is setting up a 'digital factory and an enterprise factory' to roll out new digital products and services in the future
