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HDFC Bank Hits A Milestone, With Its Market Value Crossing ₹15 trillion For The First Time

HDFC became the third Indian Company after crossing the ₹15-trillion market capitalisation mark for the first time on Tuesday. In last six trading days, the bank's stock price has gone up by...

RBI Permits Minors Above 10 Years To Open And Operate Bank Account Independently

On April 21, RBI announced new rules for bank accounts for minors. According to the news agency PTI report, children aged 10 years or older can now open and operate their own...

MTNL Defaults on ₹8,300 Crore Debt Owed to Multiple Lenders

MTNL (Mahanagar Telephone Nigam Limited), the state run telecom company has failed to repay loans to multiple banks. These loan defaults happened between August 12, 2024 to February 3, 2025. The defaulted...

IDBI Oppose Government Privatisation Plan; Highlights Top 10 willful Defaulters

IDBI Bank is against the government plan to privatize the bank and demands to recover public money from big defaulters. Employees believe that action against defaulters has been very slow. CBI, SFIO,...

Santosh Kumar, Appointed As New Deputy CFO Of IndusInd Bank

IndusInd Bank has appointed Santosh Kumar as the new Deputy Chief Financial Officer (CFO). He replaced CFO Arun Khurana, who was holding the role along with his main job as Head of...

IDFC First Bank To Receive ₹7,500 Cr Investment from Global Investors Warburg Pincus & ADIA

A big Investment for IDFC First Bank is coming in as two global investors, Warburg Pincus & Abu Dhabi Investment Authority (ADIA), are investing around Rs 7,500 Cr in the bank. The...

Major Banks Cut Savings Interest Rates Following RBI Repo Rate Reduction

Several major banks in India have recently cut their savings account interest rates by 25 basis points (0.25%) following the Reserve Bank of India’s (RBI) recent reduction in the repo rate. HDFC Bank...

SBI & HDFC Entered Into Top 100 Global Banks By Total Assets : S&P Global Market Intelligence Report

SBI and HDFC have been featured in recent rankings by S&P Global Market Intelligence. SBI and HDFC are the only Indian banks ranked among the world's top 100 banks by total assets....

Discrepancy Of Rs 1979 Crore Reported In IndusInd Bank Derivatives Portfolio

IndusInd Bank's Managing Director & CEO Sumant Kathpalia told ET Now that the bank noted something off in its businesses around September-October 2024. Bank hired an external agency to review the business...

Bankers says, RBI New PCE Guidelines Could Shake Things up, Especially Infrastructure Projects

The Reserve Bank of India (RBI) has released new draft guidelines on PCE. New rules make it easier and cheaper, especially in infrastructure, to raise money through bonds. A Partial Credit Enhancement...