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RBI slaps fine of Rs 2.91 crore on Axis Bank and HDFC Bank: All details

The Reserve Bank of India has fined Axis Bank and HDFC Bank a total of ₹2.91 crore for regulatory l…

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1 min read

Paytm shares jump 6.50 pc on getting NPCI nod to onboard new UPI users

Shares of One97 Communications rose over 6% after NPCI approved Paytm to onboard new UPI users, adh…

PTI   


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3 mins read

FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account

The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…

PTI   


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Stock market today: Sensex tops 80,000 for the first time; HDFC and Kotak Bank take lead

HDFC, Axis, ICICI, Kotak Bank, and Britannia were among the early gainers on the market today, whil…

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The Fed's interest-rate cut put Trump even more at odds with the central bank

Donald Trump has argued that the Fed would only cut interest rates close to the election to help hi…

Ayelet Sheffey,Brent D. Griff…   


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8 mins read

One year on, the Middle East is spiraling deeper into violence

The Middle East is plunging deeper into violence and conflict a year after the October 7 massacre i…

Lloyd Lee,Joshua Nelken-Zitse…   


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4 mins read

Axis Bank shares under pressure after Q4 net loss; analysts upbeat on the lender

During the March quarter, the lender reported an exceptional item of ₹12,490 crore, which went i…

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3 mins read

Trump's team wants to restructure the Fed and let him have a say on interest rate decisions: WSJ

The Wall Street Journal reported that Trump's advisors are making a plan that would give Trump the …

Ayelet Sheffey,Madison Hall   


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4 mins read

Analysts expect no surprises from Axis Bank in the second quarter — loan growth and collections to be slow

Axis Bank, India’s third-largest private sector lender after HDFC Bank and Kotak Mahindra, isn’t ex…

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Following Kotak Mahindra Bank’s strong Q4 numbers, analysts reset stock target up to ₹1,900; Worried about reputation impact than financial, says CEO

Kotak Mahindra Bank’s share prices surged by over 5% on Monday, a day after the leading private sec…

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3 mins read

Indian banks better placed than their US peers due to attractive valuations and stickier deposits

Turmoil in the US and Europe’s banking sector has had an impact on banks in other markets as well, …

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2 mins read

Markets decline in early trade on profit taking after record-breaking rally

The 30-share BSE Sensex declined 113.63 points to 76,376.45. The NSE Nifty dipped 29.6 points t…

PTI   


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Axis Bank’s net profit grows 70% to ₹5,330 crore in Q2

Axis Bank, one of the leading private banks in the country, beat analyst expectations to report a 3…

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RBI clarifies restructuring only for loan accounts without any defaults as of March 1

This is because the restructuring framework is applicable only for eligible borrowers who were clas…

PTI   


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India's super-rich gear up for a better year ahead: Knight Frank

100% UHNIs in India expect their wealth to grow in 2023, compared to 69% globally. 15% Indian UHNI…

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2 mins read

China's property crisis could get even uglier. This time, a state-backed developer is the one raising concerns.

China's years-long real-estate debt crisis has already taken down property giant Evergrande, which …

Huileng Tan   


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3 mins read

Season of deals: Diwali shopping offers on credit cards

As the festival of light approaches, most of us get into a spending mode. Whether it is gifts or pe…

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2 mins read

Axis Bank is back in the black as fee collections ramp up and ₹10,000 crore in fund raising cushions the balance sheet

Axis Bank’s profit is in the green again after reporting a dip of 19% last quarter. Between July an…

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Credit expansion will taper down next year if deposits growth doesn't rise: Axis Bank MD

"... If the deposit growth does not continue, our projection says that credit growth can taper …

PTI   


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2 mins read

Kamath Committee outlines loan restructuring parameters for 26 sectors

The expert committee has recommended financial parameters including aspects related to leverage,…