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Debt, equity holders approve merger of IDFC with IDFC First Bank
Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17 through video conferencing and other audio-visual means to consider and approve the composite scheme of amalgamation for IDFC First Bank, the bank said in a regulatory filing. The board of the bank presented the result of voting on the proposal for amalgamation before the NCLT. "We wis…
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Canara Bank Q4 profit rises 18% to ₹3,757 crore
During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…
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Following Kotak Mahindra Bank’s strong Q4 numbers, analysts reset stock target up to ₹1,900; Worried about reputation impact than financial, says CEO
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RBI initiates transition plan: Small finance banks to ascend to universal banking status
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RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
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2 mins read
Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
At the NSE, it tumbled 13 per cent to the 52-week low of Rs 1,602. The company's market ca…
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RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards
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Credit and profitability of banks to moderate in FY25, says ICRA
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Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings
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Indian banks expected to maintain profitability amid margin pressure: Fitch Ratings
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Incomes are either rising too slowly or falling at the lower end of the bracket
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Even in the digital age, banks need brick and mortar presence, especially in Hindi heartland
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Public sector banks asked to reassess gold loan process amid debt risk concerns
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DBS Bank says it deducted 27% salary of its CEO Gupta for tech glitches in 2023
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Too many regulatory guardrails could impede growth rate: Uday Kotak
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Vijay Shekhar Sharma steps down as Paytm Payments Bank Chairman
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Consumption loans take a breather in July-September 2023 period, even as delinquencies rise
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SBI’s core business stays strong despite one-time hit on account of higher wage costs in Q3
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IOB Q3 profit jumps 30% to ₹723 cr on improvement in core income
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Canara Bank posts 27% jump in net profit for Oct-Dec quarter
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Indian Bank Q3 profit surges 52% to ₹2,119 crore
The public sector Indian Bank on Wednesday reported a 52 per cent jump in net profit at Rs 2,119 c…
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Banks continue to spook markets after HDFC Bank’s LDR shock in Q3
HDFC Bank opened 2.5% lower on Thursday, after a sharp 9% plunge on Wednesday as its third quarter …
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Plan in advance: Banks shut in Jan 2024 for New Year, Republic Day and more
In India, both public sector and private sector banks follow the guidelines issued by the Reserv…
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Plan your financial errands – Bank holidays in 2024
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Plan your year-end – Banks shut for nine days all over India in December
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