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Very difficult for new banks to dethrone top five banks: KV Kamath
The way forward for Indian banks: Banking veteran KV Kamath in an exclusive conversation with ET Now's Nikunj Dalmia.Very difficult for new banks to dethrone top five banks: KV Kamath
RBI circular: Central Bank proposes to tighten norms for accepting public deposits by HFCs
The Reserve Bank on Monday proposed to tighten norms for housing finance companies by reducing the maturity period for public deposits to five years and enhancing the requirement of maintaining liquid assets against liabilities. Currently, housing finance comp...
RBI asks Kotak Mahindra Bank to stop issuance of new credit cards, onboarding new customers online: Here’s why
The central bank has asked Kotak to stop onboarding of new customers through online and mobile banking along with the issuance of new credit cards. This comes after RBI found "serious deficiencies and non-compliances" in certain areas of it...
Electoral Bonds case: SC rejects SBI's plea seeking extension to disclose details
A five-judge bench headed by CJI DY Chandrachud dismisses SBI's plea seeking a deadline extension to disclose details on electoral bonds. CJI Chandrachud directs SBI to disclose the details by the close of business hours (5PM) of March 12, 2024 (tomorrow). CJI Chandrac...
PM Modi urges RBI to ponder over new proposals till Elections: After swearing-in ceremony…
On Monday, 1st April, Prime Minister Narendra Modi spoke at the commemoration ceremony of the Reserve Bank of India's 90th anniversary. He said the RBI has 100 days to ponder over new govt proposals.PM Modi urges RBI to ponder over new proposals till Elections...
Union Bank of India exhibiting multiple positive patterns on monthly charts: Gaurav Bissa
"Union Bank of India looks very interesting. The stock is exhibiting multiple positive patterns on the monthly charts. Traders can buy for a target of Rs 140 in the next 12-15 months and a stop loss can be placed below Rs 90,” Gaurav Bissa, VP, InCred Equities,...
Why Safir Anand bullish on pump, staples, wires business and PSU banks
"Focusing on companies in the pump, staples, wires business and PSU banks": Safir Anand, Strategist and Investor, shares his views on top market themes, Nifty targets and more.Why Safir Anand bullish on pump, staples, wires business and PSU banks
Supriya Sule on Women's Reservation Bill: A 'post-dated cheque drawn from crashing bank’
Supriya Sule, NCP MP from Baramati, Maharashtra, supported the Women's Reservation Bill in the Lok Sabha. However, she expressed concerns about the bill's uncertain fate, given the indefinite dates for delimitation and census. Sule criticized the government, com
New TCS rules have kicked in from October 01: What has changed; check here
Starting October 1, 2023, new tax collection at source (TCS) rates will impact various financial transactions, including international travel, investments in foreign assets, and educational expenses abroad. To help you navigate this upcoming change, we present a breakdown of
From financial reforms to food security: India's key agenda items for G20 Summit
In this video, we explore India's key agenda items, from pushing for Multilateral Development Bank reforms to addressing global debt vulnerabilities during the G20 summit. Furthermore, India's G20 presidency agenda includes promoting financial inclusion through digital
HDFC Bank to be the new 'Baahubali of Nifty', will dethrone RIL post-merger
As a result of the reverse merger of HDFC Bank and HDFC - the stocks of HDFC Bank are all set to surpass Mukesh Ambani's Reliance Industries when it comes to Nifty weightage. HDFC Bank is currently India's largest private-sector lender right now.HDFC Bank to be the new 'Baah
Will see capex recovery across sectors in coming years: KV Kamath
Even though credit growth is on the rebound, former chief of New Development Bank KV Kamath says it is not the only measure of the Indian banking system's health. He adds that we will see a capex recovery across sectors. Listen inWill see capex recovery across sectors in coming years:
RBI directs Paytm Payments Bank to immediately stop onboarding new customers
New Delhi: The Reserve Bank of India (RBI) on Friday directed Paytm Payments Bank to stop, with immediate effect, onboarding of new customers.Paytm Payments Bank has also been directed to appoint an IT audit firm to conduct a comprehensive system audit of its IT system, the
ET Awards 2022: Returning to Old Pension Scheme is almost impossible, says FM Sitharaman
Minister of Finance and Corporate Affairs Nirmala Sitharaman in a fireside chat with Bodhisatva Ganguli, Editorial Director of The Economic Times, at the ET Awards for Corporate Excellence 2023, said returning to the old pension scheme (OPS) “is probably going t
Credit Suisse hits new record low as top shareholder Saudi National Bank rules out assistance
Shares in European banks got pummeled again on Wednesday, as Credit Suisse plunged to fresh record lows after the lender's biggest shareholder said it could not raise its 10%Credit Suisse hits new record low as top shareholder Saudi National Bank rules out
RBI issues notification for New bank locker rules: Here is all you need to know
"It is the responsibility of banks to take all steps for the safety and security of the premises in which the safe deposit vaults are housed. It has the responsibility to ensure that incidents like fire, theft/ burglary/ robbery, dacoity, building collapse do not occur i
Relief for HDFC Bank: RBI lifts 8-month ban on issuing new credit cards
A bank spokesperson confirmed that the Reserve Bank of India (RBI) had lifted an eight-month ban on HDFC Bank, a big relief to the private sector lender. On December 3, in an unprecedented move, the bank was barred from issuing new credit cards and launching any new digital prod
Chhath Puja 2022: Devotees in the US offer 'Arag' to God Sun, watch the video!
WATCH: A large number of devotees from several locations across The United States including New Jersey, Texas and Massachusetts offer 'Arag' to God Sun on the occasion of Chhath Puja.Chhath Puja 2022: Devotees in the US offer 'Arag' to God Sun, watch the video!
RBI tells HDFC Bank to stop new digital launches and selling new credit cards
The Reserve Bank of India (RBI) has directed India’s largest private sector lender, HDFC Bank, to stop issuing new credit cards as well as the launch of new digital business, according to a company filing with the stock exchanges. The order has come after a rise in the num
Sashi Jagdishan to succeed Aditya Puri as HDFC Bank CEO, RBI gives nod
The Reserve Bank has confirmed the name of Sashidhar Jagdishan to succeed Aditya Puri as the chief executive and managing director of HDFC Bank, two sources said on Tuesday. Jagdishan, currently working as the 'change agent' of the largest private sector lender and head of financ
World Bank says it does not plan to offer new financing to economic crisis-hit Sri Lanka
The World Bank does not plan to offer new financing to Sri Lanka, which is battling its worst economic crisis in decades, until the Indian Ocean nation has an adequate macroeconomic policy framework in place, the lender said on Thursday.(Reuters) World Bank says
RBI issues new compensation norms for pvt bank CEO remuneration
The Reserve Bank of India (RBI) has told private banks to raise the variable portion of remuneration to at least half of the total for their chief executives and whole-time directors so that top management rewards reflect the 'pay for performance' principles.The RBI has also streamlined
US court dismisses plea filed by Nirav Modi, associates seeking dismissal of fraud allegations
A bankruptcy court in New York has dismissed a petition of fugitive diamond merchant Nirav Modi and his associates, seeking dismissal of fraud allegations against them.US court dismisses plea filed by Nirav Modi, associates seeking dismissal of fraud alleg
ICICI Bank Q1: Net profit rises 78% to Rs 4,616 cr as provisions fall
NEW DELHI: Private lender ICICI Bank on Saturday reported a 78 per cent year-on-year (YoY) rise in standalone net profit at Rs 4,616 crore for June quarter compared with Rs 2,599 crore in the same quarter last yearICICI Bank Q1: Net profit rises 78% to Rs 4,616 cr as provisions fa
Yes Bank co-promoters agree to nominate one representative director each on board
Yes Bank promoters Rana Kapoor and Madhu Kapur have agreed to nominate one representative director each on the bank's board as part of truce being under the works, the private lender said Tuesday.Yes Bank co-promoters agree to nominate one representative director each
HDFC Bank Q1: Net profit jumps 16.1% to Rs 7,730 cr, misses Street estimates
NEW DELHI: HDFC Bank on Saturday reported a 16.1 per cent year-on-year rise in standalone net profit at Rs 7,729.60 crore compared with Rs 6,658,60 crore in the same quarter last year.HDFC Bank Q1: Net profit jumps 16.1% to Rs 7,730 cr, misses Street estimates
BNPL is helping new borrowers build credit score, get credit access: Expert
In this video, we are in conversation with Siddharth Mehta, MD & CEO, Freecharge and he decodes for us the BNPL trend. Here’s what borrowers can expect in the BNPL space going forward and which category of shoppers the offer best suits.BNPL is helping new borrowers build cre
Setback for Bandhan Bank as RBI freezes opening of new branches
The Reserve Bank of India (RBI) has withdrawn the general permission given to Bandhan Bank to open new branches and it can now do so only with prior approval of the central bank. In a communication to the BSE on Friday, the bank said. "RBI has communicated to us that since the bank was
Yes Bank forms search panel to identify new CEO
YES Bank board meet outcome | Yes Bank has formed search panel to identify new CEO. Bank will seek RBI's approval to extend Rana Kapoor's term beyond Jan 31 up to minimum April 30. Rajat Monga, Pralay Mondal will be appointed as Executive Directors in Yes bank subject to RBI approval. Listen in for mor
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