In December, RBI a had stopped HDFC Financial institution from issuing recent bank cards and asserting new digital initiatives following a number of outages the financial institution witnessed over the previous few years. The regulator additionally known as for a third-party audit of the financial institution’s IT infrastructure. HDFC Bank’s CEO Sashidhar Jagdishan mentioned that
Banking & Finance
The financial institution’s working revenue stood at Rs 758 crore, similar because the earlier 12 months. Final 12 months, the working revenue elevated as a consequence of receipt of presidency assure of Rs 304 crore in direction of curiosity. Maharashtra State Cooperative Financial institution (MSC) Financial institution has reported a web revenue of Rs 369
A high banker had final week mentioned the fee to the exchequer received’t exceed Rs 30,600 crore, as estimated by the IBA, because the prospects of restoration from a number of the unhealthy loans appeared promising. The Indian Banks’ Affiliation (IBA) has filed an utility with the company affairs ministry for the incorporation of the
A considerable a part of the belongings in query was held within the identify of dummy entities, trusts, third individuals or kinfolk of those accused and these entities had been their proxies for holding the properties. The Enforcement Directorate (ED) on Wednesday stated it had transferred to public-sector banks and the Central authorities belongings value
Absence of significant investor curiosity resulted within the authorities finally having to promote its majority stake in IDBI Financial institution to LIC. The division of funding and public asset administration (DIPAM) within the finance ministry on Tuesday floated a Request For Proposal (RFP), inviting transaction and authorized advisers for strategic disinvestment of IDBI Bank. As
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