Finance News

HDFC Bank posts 23.5% loan growth in second quarter at Rs 14.8 trn Private sector HDFC Bank on Tuesday said it has registered a 23.5 per cent rise in loans to Rs 14.80 lakh crore in the second quarter of this fiscal. The credit book was Rs 11.98 lakh crore as of September 30 last year. ...

IDFC First Bank’s loans grow 24.8% YoY in Q2, deposits up 35.9% YoY IDFC First Bank’s customer assets, or advances, rose by 24.8 per cent year-on-year (YoY) basis at Rs 1.45 trillion at the end of September 2022 (Q2 FY23). Sequentially, its asset book expanded by 5.6 per cent over Rs 1.37 trillion at end of June 2022 (Q1 ...

Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ Loans continued to grow at a healthy pace for private sector banks in the July-September quarter of the current financial year while deposit growth also picked up pace, business figures released by a few lenders showed. HDFC Bank, the largest private sector lending of the country, reported ...

Fitch affirms Bank of Baroda, subsidiary at ‘BBB-‘ with stable outlook Fitch Ratings has affirmed Bank of Baroda’s (BoB) and its subsidiary Bank of Baroda (New Zealand) Ltd’s long-Term Issuer Default Ratings (IDRs) at ‘BBB-‘. The outlook is stable. The rating action on the public sector lender factors in a high likelihood of sovereign (Government of India) ...

Rupee rises 29 paise to close at 81.53 against US dollar on FII buying The rupee appreciated by 29 paise to end at 81.53 (provisional) against the US dollar on Tuesday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, rising crude prices in the international market capped the rupee’s gain, ...

Credit Suisse Shares: Weak financials, shaky management: What’s wrong at Credit Suisse? Switzerland’s second-largest bank, Credit Suisse, has been in the news due to its falling share price, shaky financials, and repeated management revamp. In the last year, the bank’s valuation has fallen nearly 60 per cent. Credit Suisse’s current market cap is $10.8 billion. In October ...

YES Bank’s Q2 loan book grows 11.6% YoY; deposit base cross Rs 2-trn mark Reflecting steady pre-festive demand, private sector lender YES Bank posted 11.6 per cent year-on-year (YoY) growth in the loan and advances to Rs 1.92 trillion in the reporting quarter (Q2). Sequentially, its loan grew by 3.5 five per cent and crossed Rs 1.86 trillion as ...

Rupee appreciates 31 paise to 81.51 against US dollar in early trade The rupee strengthened by 31 paise to 81.51 against the US dollar in early trade on Tuesday, tracking weakness in the greenback in overseas markets and a rally in domestic equities. However, rising crude price in the international market restricted the rupee, forex traders said. ...

PNB launches WhatsApp banking for customers and non-customers In an effort to make banking services more accessible, state-owned Punjab National Bank (PNB) on Monday said it has introduced banking services through WhatsApp for both customers and non-customers. To activate the banking facility on WhatsApp, customers need to first save the official PNB’s WhatsApp number +919264092640 in their ...

MPC after-effect: SBI, ICICI Bank, YES Bank, BoI raise lending rates Following the Reserve Bank of India’s (RBI’s) decision to raise the repo rate by 50 basis points (bps) to 5.9 per cent on September 30, several banks, including the country’s largest lender State Bank of India (SBI), have increased lending rates. SBI has raised its external ...