On 4 April 2022, HDFC Bank agreed to take charge of HDFC in a deal worth USD 40 billion. The combined asset base is predicted to be around Rs 18 lakh crore
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Senior debts are loans secured by collateral (assets) that must be paid off before any other debts when a company goes into default
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The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding
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Initially, the indices started Monday's trade on a positive note but soon erased them. Sensex closes at 58,237.85 points, down 897.28 points or 1.52 per cent, whereas Nifty closed at 17,154.30 points, down 258.60 points or 1.49 per cent
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HSBC will update shareholders on the acquisition at its first quarter 2023 results on May 2, 2023
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The Federal Deposit Insurance Corporation (FDIC) took control of Signature, which had USD 110.36 billion in assets and USD 88.59 in deposits at the end of last year, according to New York state's Department of Financial Services
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Regulators closed down the tech lender and put it under the control of the US Federal Deposit Insurance Corporation
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Further, Nazara Group said the group and its subsidiaries continue to maintain "healthy reserves of cash and cash equivalents" in excess of Rs 600 crore, excluding the SVB impacted funds
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