The bank also announced a final dividend of Rs 8 per equity share
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The drop in numbers was on account of increased provisions for bad loans
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HDFC Bank will need to comply with requirements to hold a certain level of cash reserve ratio, statutory liquidity ratio and liquidity coverage ratio on the entire merged balance sheet right from the beginning, post-merger
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With the licence, AU Small Finance Bank will be allowed to process both inbound and outbound remittances and open a variety of foreign currency-related products to cater to the importer-exporter market
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The approval includes, Kaizad Bharucha's appointment as Deputy Managing Director (DMD) and Bhavesh Zaveri as Executive Director
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Bank officials said that an equity offering early in the year (April-June 2023) would allow them to focus on the company for the remainder of FY24
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SBI plans to raise USD 2 billion in foreign currency bonds in single or multiple tranches in 2023-24, according to a stock exchange filing
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Apple says that the rate on offer is more than 10 times the national average in the US
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