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Latest Articles in Private sector lender

Axis Bank In-House Economists Don''t See Rate Hike In Policy Review On Friday: Bhattacharya

The central bank''s Monetary Policy Committee has not changed the key policy rates since May 22, 2020, when it had slashed the interest rate to a historic low of 4 per cent in an off-policy cycle to perk up demand.

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Axis Bank Forms Policies Favourable To Its Customers, Employees From LGBTQIA Community

The country''s third largest private sector lender said it recognises that employees could have a gender or gender expression that''s different from their sex assigned at birth.

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RBL Bank Reports Rs 459 Cr Loss In Q1 On Higher Loan Provisions

The bank said 97 per cent of its overall gross slippages of Rs 1,342 crore came from the retail segment which got hit because of the impact of the second COVID wave.

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Axis Bank Q1 Net Jumps 94 Per Cent To Rs 2,160 Crore

Income on investments jumped to Rs 3,428.20 crore in the latest June quarter from Rs 2,973 crore in the same period a year ago. Likewise, income from other sources also went up.

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Kotak Mahindra Life Insurance Arm Expects To Incur Up To Rs 275 Cr Loss In Jun Qtr

Kotak Mahindra Life Insurance Company said the foregoing extraordinary development and its potential impact were discussed at a meeting of its board on June 16, 2021.

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HDFC Bank Mobile App Down For 1 Hr; Issues Resolved

The bank scrip was trading 0.78 per cent up at Rs 1,491 apiece on the BSE at 1422 hrs as against gains of 0.52 per cent on the benchmark.

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HDFC Bank Commits Rs 100 Cr Towards COVID Relief In FY22

The bank's plan entails setting up 20 oxygen plants across hospitals in the country, two isolation centres, and providing medical equipment and supplies to more than 200 hospitals in the country

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Yes Bank Appoints Indranil Pan Chief Economist

Pan and his team will provide strategic and policy-level inputs for the bank, based on macroeconomic developments at global and national level, a statement said.

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RBI's Moves Nuanced, Address Both Economic And Public Health Concerns: Bankers

SFBs will now be permitted to give fresh lending to smaller micro-finance institutions (MFIs) with asset size of up to Rs 500 crore for on-lending to individual borrowers as priority sector lending.

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HDFC Bank Announces Reorganisation; Outlines Three Focus Areas

The lender has made a slew of changes in the senior leadership roles as well, with current group head for corporate banking Rahul Shukla being entrusted with the commercial banking (MSME) and rural vertical.

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Yes Bank Posts Q4 Loss Of Rs 3,788 Cr

The bank said proactive provisioning of Rs 250 crore towards COVID-19 related restructuring (Rs 2,500 crore) is expected to be implemented in first quarter of the current fiscal.

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Axis Bank Board Approves Re-Appointment Of Amitabh Chaudhry As MD & CEO

The appointment will be subject to the approval of the Reserve Bank of India (RBI) and shareholders of the bank, the filing added.

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Induslnd Bank Reports 33% Jump In Q3 Net Profit At Rs 1,309 Crore

The net interest income totalled Rs 3,074 crore as against Rs 2,288 crore in Q3 FY19, marking a growth of 34 per cent.

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Federal Bank Q2 Profit Up 57% To Rs 417 Crore, NII Jumps 10%

Total advances grow from Rs 1 lakh crore to Rs 1.15 crore and total deposits increased from Rs 1.18 lakh crore to Rs 1.39 lakh crore as on September 30, marking a growth of 18 per cent.

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