Axis Bank rises over 2% on acquisition of Citibank's India consumer biz
The homegrown bank has completed the acquisition of Citibank’s India consumer and non-banking finance businesses for ₹12,325 crore.
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India Ratings raises bank credit growth estimate for FY23 to 13%
Private banks are likely to continue to gain market share, though the pace of gains is likely to moderate as PSBs expand the loan portfolio faster.
Big bang privatisation of PSBs may do more harm than good: RBI
An important aspect that is often ignored by researchers proposing privatisation is the role played by PSBs in financial inclusion, says RBI.
Should India go for wholesale privatisation of banks?
The arguments not only lack substance and perspective, they come from "source" or non-official channels with the Centre maintaining a strategic silence.
Why are ICICI Bank, Kotak Mahindra, YES Bank under stress today?
Kotak Mahindra Bank, YES Bank, and ICICI Bank reported robust growth in their June quarter earnings released on Saturday
India's banking sector in best of health in decades, says India Ratings
Asset quality in the retail and micro, small and medium (MSME) segments are most impacted due to the pandemic, Ind-Ra estimates show.
Has Covid-19 made PSBs more vulnerable?
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
How Aditya Puri built HDFC Bank from scratch
Aditya Puri helmed HDFC Bank for 26 years. In an exclusive conversation with Fortune India, he spoke about leadership, institution-building, and why he doesn't use a cellphone.
HDFC Bank's big digital hiccup
The central bank orders the private bank to temporarily stop launches of digital business generating activities as well as sourcing of new credit card customers.
Delinquencies across retail loans increase: CIBIL
The increase in delinquency rates was not uniform; It was most pronounced for loans against property, home loans, and credit cards. Overall delinquencies improved for auto loans.
