MPC holds steady on unchanged Repo Rate at 6.5%, FY24 Inflation target set at 5.4%
RBI Governor Shaktikanta Das declared on Friday that the MPC has opted to maintain the repo rate at 6.50%.
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HSBC pledges of returning to private banking in India
Over dinner served by the chef of Odette, a three-Michelin-star restaurant in Singapore, the bank’s wealthy clients who flew in from Hong Kong and Dubai, mingled with HSBC’s local customers.
RBL Bank Q3 net profit up by 33% to Rs 209 crore, NII increase by 14%
Net interest income (NII) increased by 14% in the third quarter to 1,148 crore, up from 1,010 crore in the same quarter previous year.
Banks to remain closed on these days in October 2022; Check out full list of holidays here
The list of bank holidays for the month of October has been made public by the Reserve Bank of India (RBI).
ICICI Bank Ltd profit could increase by 36-46%, Net Interest Income projected at 20-24%
For the quarter ended March 2022, ICICI Bank Ltd is expected to announce a robust 36-46 percent year-on-year (YoY) increase in net profit.
Exim Bank extends $500 million line of credit to Sri Lanka
Exim Bank, to date, has expanded 10 lines of credit to the Sri Lankan government on behalf of the Indian government, abiding the total value of LOCs inflated to $2.18 billion, a release confirmed by the signing of the LOC deal for $500 million.
UPI is the single largest retail payment system in India: Economic Survey 2022
In December, the NPCI registered 4.56 billion transfers amounting to Rs 8.27 trillion.
IndusInd Bank reports net profit of Rs 1,241 crore in Q3
As of December 31, IndusInd Bank's net lending was Rs 2.28 lakh crore, up 10% over the year.
Stock Market update: RBL Bank shares down by almost 3% post Q3 results
The bank's CASA boosted 21 per cent YoY to Rs 25,318 crore, despite a 5 per cent quarterly plunge from Rs 26,734.
Axis Bank reports net profit of Rs 3,614 crore in Q3
As of December 31, 2021, the bank’s reported Gross NPA and Net NPA levels were 3.17% and 0.91% respectively as against 3.53% and 1.08% as of September 30, 2021.
YES Bank reports net profit of Rs 266 crore in Q3
The net NPAs dipped consequently to 5.3% of total loans compared to 5.5% in the previous quarter.
IDBI Bank reports a net profit of Rs 578 crore in Q3
The non-interest income depreciated by 20 per cent YoY to Rs 1,148 crore but it stationed a sequential growth of 17 per cent.
OYO to target $9 billion valuation in IPO: Report
In January 2022, more than 500 current and former employees of OYO, bought over 3 crore shares in the company. The total value of these shares can be approximated to about INR 330 crores, as per the last valuation of OYO of $9.6 bn.
Stock Market update: Metal stocks Tata Steel, JSW trade in red as Jeffries downgrades rating
The bank has diminished its sanguinity on Indian metals just after the commencement of the year 2022.
Airtel Payments Bank gets scheduled bank license from RBI
The central banker announced the inclusion of Airtel Payments Bank under the second schedule of the RBI Act, 1934.
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