Banking/Finance
RBI highlights inconsistencies in BDDR treatment; issues revised instructions to standardise co-operative banks' practices
All provisions as per Income Recognition, Asset Classification, and Provisioning (IRACP) norms, regardless of whether they are accounted for under “BDDR” or another head, must be charged as an expense to the P&L Account in the accounting period in which they are recognised. These provisions will continue to be eligible for regulatory capital purposes as defined in existing capital adequacy guidelines.
- Reliance Capital resolution: Lenders warn of remedial action against Hinduja's IIHL
- HSBC India's profit up 7% to $798 million
- IRDAI imposes penalty of Rs 2 Cr on HDFC Life for violating regulations
- Indian banks allocate only 5% revenue on IT spends
- UPI clocks Rs 20 lakh crore for the third straight month in July
- Small Indian banks back online after ransomware attack, payments authority says
- NPCI connectivity with C-Edge Technologies re-established
- Rs 2000 banknotes: 97.92 pc returned; Rs 7,409 cr worth notes still with public
- Micro lenders cut rates, vow to improve ops as RBI governor flags 'usurious' charges
- India's private sector banks lead market cap gains on stronger metrics
- Bank loans to shadow lenders drop, credit card outstanding rises
- Kotak to buy IDBI Bank? RBI identifies eligible bidders for state bank's stake sale
India's private sector banks lead market cap gains on stronger metrics
Bank loans to shadow lenders drop, credit card outstanding rises
Kotak to buy IDBI Bank? RBI identifies eligible bidders for state bank's stake sale
RansomEXX ransomware strikes Indian banks: CloudSEK
PNB hikes lending rate by 5 bps across tenors
Clix Capital raises Rs 220 crore equity from existing investors including Apollo Global
Banking
RBI highlights inconsistencies in BDDR treatment; issues revised instructions to standardise co-operative banks' practices- Reliance Capital resolution: Lenders warn of remedial action against Hinduja's IIHL
- HSBC India's profit up 7% to $798 million
- Indian banks allocate only 5% revenue on IT spends
- UPI clocks Rs 20 lakh crore for the third straight month in July
Finance
Clix Capital raises Rs 220 crore equity from existing investors including Apollo Global- Angel One invests Rs 250 crore in wealth management arm
- Hinduja Group ready to pay Rs 2,750 crore now for Reliance Capital resolution, files intervention application before NCLT
- About 6 crore ITRs filed for FY24; 70% under new tax regime
- Ruloans reports 40% growth in FY24, reaching Rs 37,500 crore business volume
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BANKING/FINANCE STOCKS
NSEBSE
NSE
BSE
| Company Name | Latest | Change | %Change | Volume |
|---|---|---|---|---|
| HDFC Bank Ltd. | 1659.15 | 20.36 | 1.25 | 22059619 |
| ICICI Bank Ltd. | 1196.55 | -13.55 | -1.12 | 10735395 |
| State Bank of India | 847.85 | -14.8 | -1.72 | 12609331 |
| Axis Bank Ltd. | 1160.85 | -11.46 | -0.98 | 10581445 |
| Kotak Mahindra Bank Ltd. | 1803.45 | 10.8 | 0.61 | 3242589 |
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