As part of the composite merger strategy, IDFC FHCL would first combine with IDFC and then IDFC would become IDFC First Bank
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French and German banks at a severe disadvantage relative to other foreign banks operating in India, as far continuation of a 14-month tussle with the RBI regarding the oversight of Clearing Corp of India (CCIL) is concerned
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In terms of value Rs 17 lakh was settled through UPI in November. Besides widespread usage in financially savvy urban centers, UPI is now picking up in semi urban and rural areas
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ICICI Prudential Mutual Fund takes an engaging, storytelling approach to an issue that's typically wrapped in complexity
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Despite these projections, the banking sector maintains a positive outlook, supported by healthy asset quality levels
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Considering both the GST dues and the penalty, the total demand exceeds Rs 6.22 crore, alongside an additional interest as per Section 50 of the GST Act
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The extension is contingent upon approvals from both the RBI and the bank's shareholders, HDFC Bank stated
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The FD interest rates have been revised for deposits below Rs 2 crore
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