COVID-19 caused huge demand destruction overseas: Bankers

Major central banks across the world were taking unprecedented steps to bring back their economies in good shape, Deputy MD of SBI (IBG) C Venkat Nageswar added.

from Banking/Finance-Industry-Economic Times https://ift.tt/3itoL56

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HDFC Bank Q1 deposits rise 25%, advances up 21%

Private sector lender HDFC Bank reported a 25 per cent increase in its deposits in the first quarter of the fiscal along with a 21 per cent increase

from Business Line - Money & Banking https://ift.tt/3eXJjkc

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HDFC Bank advances up 21% at Rs 10L cr by Q1-end

Private sector lender HDFC Bank on Saturday reported 21 per cent growth in its advances which totalled Rs 10.04 lakh crore on June 30 as compared to Rs 8.29 lakh crore a year ago and Rs 9.93 lakh crore on March 31.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Zz0thq

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RBI has its hands full with Urban Cooperative Banks now unambiguously its responsibility

RBI has been ‘vested powers to issues licence to UCBs under Section 22 and 23 Banking Regulation Act, 1949 to carry on banking business and to open new places of business (branches, extension counters, etc.) respectively.

from Banking & Finance – The Financial Express https://ift.tt/31Kwy8z

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Anil Ambani’s Reliance Infra defaults seven times to Yes Bank since February

Reliance Infrastructure's total borrowings from financial creditors stood at Rs 4,675 crore as on May 31, 2020, which included loans from Yes Bank, J&K Bank and SREI Equipment Finance.

from Banking & Finance – The Financial Express https://ift.tt/3iqP23X

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