Indian Banking Industry News, Banking Industry, Banking Analysis, Banking Sector, Banking Companies in India
Business Today
Paresh Sukthankar resigns from HDFC Bank Deputy MD post; ends 24 years association

Paresh has reportedly cited personal reasons for resigning from the post. HDFC Chairman Deepak Parekh says he has done an excellent job during his association with the bank.

 
 
Fraud-hit Punjab National Bank (PNB) today reported a loss of Rs 940 crore for the June quarter of financial year 2018-19.
RBI's second-consecutive increase in repo rate comes as a bad news for those who have taken loans from banks.
The country's largest lender, the State Bank of India (SBI), yesterday hiked interest rates on fixed deposits of various tenures.
Any increase in repo rate comes as a bad news for those who have borrowed from banks because it is likely to lead to an increase in the interest they pay on loans.
 
 
Indian banks reported a total loss of about Rs 70,000 crore due to frauds during the last three fiscals up to March 2018.
The top five banks in terms of their earnings from non-maintenance of minimum balance fee are SBI, HDFC Bank, Axis Bank, ICICI Bank and PNB.
Paytm Payments Bank has reportedly stopped adding new users on its platform following observations made by the RBI.
The outgoing chairman of Bank of Baroda, Ravi Venkatesan, said that the government needs to ease its grip over the lenders or risk slowly killing off the sector.
The State Bank of India has hiked interest rates on fixed deposits of various tenures with effect from today.
Advertisement