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Monday, January 16, 2023

HDFC Bank lifts domestic indices, higher oil prices cap gains

HDFC Bank rose 0.5%, and was among the top gainers on the Nifty 50 index, after reporting a jump in third-quarter profit, aided by higher top-line and healthy loan growth.

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Consumption spend growth hit deposits: HDFC Bank



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SMBC Bank, Oaktree submit EoIs for IDBI's strategic stake sale

The government and LIC together are looking to sell 60.72% in IDBI Bank and had invited bids from potential buyers last October. The two together hold 94.71% in the lender. The successful bidder will have to make an open offer for the acquisition of 5.28% of public shareholding.

from Banking/Finance-Industry-Economic Times https://ift.tt/nFhOlxt
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United Forum of Bank Unions calls for 2-day strike on Jan 30-31



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Sunday, January 15, 2023

Rates could stay high for long if Ukraine war continues: RBI governor Shaktikanta Das

Reserve Bank of India (RBI) governor Shaktikanta Das has said interest rates could remain high for long if the Ukraine conflict continues to remain where it is without any new flashpoints, but did not rule out a quicker adjustment to supply chain issues that could ease inflation and, hence, the cost of funds.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4SsuPYd
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