HDFC Bank’s Puri top earner among bankers in FY21; ICICI Bank’s Bakhshi forgoes salary in COVID year

In comparison, Axis Bank had 69 bankers in the category who served throughout the year, while 17 employees who would otherwise have been in the club left it midway through the year, as per the annual report.

from Banking & Finance – The Financial Express https://ift.tt/3iJl1NO

Read more »

IFC, HDFC ink $250 million partnership to promote affordable green housing finance in India

IFC, the largest global development institution, has extended a loan worth $250 million to HDFC under this partnership. At least 25% of the financing has been earmarked for green affordable housing, which is likely to encourage this market in India.

from Banking/Finance-Industry-Economic Times https://ift.tt/3zvtc7e

Read more »

IFC lends USD 250 mn to HDFC to promote affordable green housing finance

Low and middle-income borrowers will be able to own homes with improved access to finance, thanks to a new investment aiming to boost affordable housing finance in India, a joint statement said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3eT28XG

Read more »

Q1 Performance: ICICI Bank net profit surges 78% to Rs 4,616 crore

Although the management did not gave any specific guidance on margins, the lender expects NIMs to maintain the same level in the coming quarters.

from Banking & Finance – The Financial Express https://ift.tt/3y3uI0b

Read more »

I-T authorities unearth fictitious transactions of Rs 2,200 crore in pan-India search: CBDT

The direct taxes body said the I-T department had found cyclical trading and transfer of funds among group companies, besides booking of bogus expenses and siphoning off of profits from listed companies, and routing of such funds into their closely held companies to make investments, making of circular transactions.

from Banking/Finance-Industry-Economic Times https://ift.tt/3eUjgwi

Read more »