The combined net profits of 32 listed private and public sector banks (PSBs) were up 40.56 per cent in FY23 to close to Rs2.29 trillion…
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The Death Of A Defaulter
The chairman and a few senior executives of a non-banking financial company (NBFC) moved the Bombay High Court last week, seeking to quash a first…
Expect Status Quo, Both For Rate And Stance Of The RBI Policy
Continuing its fight against rising inflation, the US Federal Reserve in the last week of July raised interest rates to a 22-year high. It raised…
When P2P Platforms Behave Like Deposit-Taking NBFCs
Are you aware of India’s most flexible investment product? If not, here it is. It offers up to 12 per cent return. The funds can…
How Many Years Should A CEO Run A Bank?
Uday Kotak, MD and CEO of Kotak Mahindra Bank Ltd, will step down on December 31, ending his close to 21-year tenure since February 2003….
Pay Them Well, Give Them A Break On Saturdays
Media reports say the government has asked the premier bankers’ body, Indian Banks’ Association (IBA), to initiate the process of negotiations for the 12th bipartite…
Make Hay While The Sun Shines
On June 19, Bank of Baroda (BoB) became the second government-owned bank to cross Rs 1 trillion market capitalisation after its share rose a little…
Merger, Merger On The Wall – II
HDFC’s merger with HDFC Bank is the third in a series which started in 2020. Here is the story of the second merger which was…