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RBI Warns HDFC Bank: Control Recovery Agents and Protect Borrower Privacy

In Short:The Reserve Bank of India (RBI) fined HDFC Bank ₹1 crore for improper actions by its recovery agents, who contacted borrowers outside allowed...

HDFC Bank plans modest advance growth to align with deposits & reduce credit-deposit ratio

In Short:HDFC Bank aims to lower its credit-deposit ratio post-merger and grow advances slower than deposits for profitable growth, focusing on liquidity, repayment, and...

Indian banks gaining global prominence, investors slow to jump on bandwagon

In Short:Indian banks have strengthened their position globally, with HDFC Bank leading the pack. Despite the sector's underperformance in the past five years, experts...

HDFC Bank sees decline in deposits and advances growth in Q1

In Short:HDFC Bank reported a decline in advances and deposits for the first quarter of the year, mainly due to shedding of low-yielding corporate...

Bharti Airtel joins India’s $100 bn market cap club

In Short:India's Bharti Airtel has joined the $100 billion market cap club, alongside Reliance, TCS, and HDFC Bank. The telecom provider's market cap grew...

HDFC Bank sells entire stake in Protean eGov Technologies for ₹150 crore

In Short:HDFC Bank sold its 3.20% stake in Protean eGov Technologies for ₹150 crore, while Nippon India Mutual Fund bought a 3.16% stake for...

RBI’s shift to stricter enforcement: No more carrot, just the stick

In Short:Banking experts believe that the proposed rule by RBI may discourage lenders from financing projects, leading to higher lending rates. RBI has imposed...

Banks’ impressive quarter results: don’t be deceived by the numbers

In Short:The banking sector had a strong Q4 earnings season, led by State Bank of India with its highest-ever profit. Healthy retail loan growth...

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