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Articles for Banking & Finance

Bankers Earn Meager 0.0002% Fee For Advising On $64 Bn HDFC Bank Deal

The merger, which involved Housing Development Finance Corp. (HDFC) merging into HDFC Bank Ltd., resulted in a fee pool of slightly over $1 million

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76% Of 2000-rupee Notes Returned To Bank Since May: RBI

The total value of 2000-rupee notes in circulation amounted to Rs 3.62 lakh crore as on 31 March, reducing to 3.56 lakh crore as on 19 May, the RBI said, making the numbers public for the first time since the announcement for withdrawal

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Sashi Jagdishan Takes The Helm As HDFC Group's New CEO, Navigating Legacy And Expansion Challenges

Steering HDFC Bank into the future post the merger, the new CEO and MD Sashi Jagdishan aims to carry the legacy of its visionary leaders and pioneer a new era of growth and success

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Housing Loan Share In Total Advances Grows To 14.2% Over 11 Years: RBI Report

The report also highlights the healthy growth of the housing sector, with a 21.6 per cent increase in sales in the fourth quarter of 2022-23

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Centre Authorises PSBs, Select Private Banks To Implement Mahila Samman Savings Certificate

The scheme has been made available in all 1.59 lakh post offices from 1 April 2023, when the finance ministry formally issued the notification

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Indian Bank Introduces Digital Services Under 'Project WAVE' Initiative

This move is expected to significantly reduce the turnaround time for issuing and delivering bank guarantees from the industry average of 3-4 working days to just a few minutes

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Debadatta Chand Appointed MD And CEO Of Bank Of Baroda

Chand had been serving as an Executive Director at the bank since March 2021

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Global Central Banks To Remain Data Dependent As They Battle Elevated Inflation

According to the CME FedWatch tool, markets are now anticipating an 84 per cent likelihood of a 25 bps rate hike by the Fed in the upcoming July 2023 meeting

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