IDFC First Bank and IDFC Merger Gets NCLT Nod
IDFC First Bank’s merger with IDFC Ltd. has received approval from the National Company Law Tribunal (NCLT), boosting the bank’s growth prospects
Banks Issue Record Rs 7.78 Trillion in CDs Amid Deposit Slowdown
Faced with sluggish deposit growth, banks have turned to Certificate of Deposits (CDs), issuing Rs 7.78 trillion worth until August 2024, a 59% increase year-on-year
HDFC Sells $717 Million in Loans to Reduce Credit Risk
HDFC has offloaded $717 million worth of home loans, as part of efforts to reduce its credit book and strengthen its balance sheet
Gold Loans to Hit Rs 10 Trillion by FY25
Organized gold loans offered by banks and NBFCs are projected to cross Rs 10 trillion by FY25, driven by a 25% CAGR in the sector since FY20
Rupee Falls to 83.69 Against Dollar
The Indian rupee weakened to 83.69 per US dollar, pressured by Foreign Institutional Investors (FIIs) turning net sellers
Bank Frauds Surge by 168% in FY24, RBI Reports
The Reserve Bank of India reported a sharp rise in banking frauds, with cases increasing to 14,483 in the first half of FY24. Despite the higher number of incidents, the amount involved in frauds dropped significantly compared to last year
CDSL Introduces New Transaction Fees Post SEBI Directive
The Central Depository Services (India) Ltd (CDSL) has announced a flat transaction fee of ₹3.50 for all debit transactions, following a regulatory directive from SEBI
Swiggy Prepares for IPO Amid Investor Excitement
Food delivery giant Swiggy is set to go public soon, as its DRHP (draft red herring prospectus) reveals its robust growth and ambitious plans, generating buzz in the stock market
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