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In December 2020, the RBI had barred HDFC Bank from new digital launches and issuance of fresh credit cards until it addressed its digital issues. The RBI had also asked the bank’s board to identify lapses and fix accountability.
Axis Bank remains leader in bond market for 16th consecutive yearAxis Bank acted as arranger for 127 bond issues for an amount of Rs. 92,904.5 crore and ended the year 2022 with a market share of 19.2%
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… Read MoreLTTS to acquire SWC business of parent firm for Rs 800 crSmart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the areas of end-to-end communications, city surveillance and intelligent… Read MoreHFCL Q3 Results: Net profit grows 25.3% on-year to Rs 102 croreThe company’s EBITDA grew 10.75% on-year and 10.73% sequentially to Rs 193 crore, while EBITDA margin climbed to 17.8%, from 14.88% in the previous quarter
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… Read MoreL&T Finance Q3 Results: PAT rises 39% to Rs 454 croreThe lender's interest income rose 15.6% year-on-year to Rs 3,322 crore against Rs 2,874 crore in the same quarter last fiscal
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… Read MoreFed minutes show inflation resolve, concern on market views“Participants noted that, because monetary policy worked importantly through financial markets, an unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction … Read More
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