Finance

HDFC Bank MD Aditya Puri sold 74.2 lakh shares of bank, to retire in October

The credit for making HDFC Bank India's largest private bank goes to Aditya Puri.

Jul 26, 2020

3,300 employees across NRAI member restaurants receive credit of Rs 5,000 each

Beam Suntory India and Pernod Ricard India have partnered separately with the National Restaurant Association of India (NRAI) to pledge Rs 1 crore and Rs. 1.4 crore, respectively.

Jul 9, 2020

Govt reverses merger, instead to infuse Rs 12,450 cr into 3 public sector insurance companies

Govt reverses the merger of three PSGICs namely National Insurance Company, United India Insurance Company, and Oriental Insurance Company Limited announced earlier.

Jul 8, 2020

SEBI clarifies HDFC Bank raising Rs 13,000 crore via QIP, ADRs as baseless speculation

The clarification intimation is offered by SEBI under Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015, by the HDFC Bank Limited.

Jun 30, 2020

Indian Institute of Management - Ahemdabad

IIM Study proves stronger insolvency and bankruptcy framework likely to enhance credit discipline in firms

An IIM study by Prof Balagopal Gopalakrishnan and Prof Sanket Mohapatra using a cross-country dataset finds that a stronger insolvency and bankruptcy framework can enhance a firm's credit discipline and reduce the risk of future debt default.

Jun 22, 2020

CIBIL score meaning and importance explained; Guaranteed ways to increase your credit rating

CIBIL Score is a three-digit numeric summary of your credit history and a rating above 700 is generally considered good. However, there are some guaranteed ways to boost or increase your CIBIL score.

Jun 4, 2020

RBI slaps Rs 6.5cr penalties on Bank of India, Karnataka Bank, Saraswat Coop Bank; here's why

On account of non-compliance with IRAC norms, a monetary penalty of Rs 1.20 crore was imposed on Karnataka Bank Ltd, Rs 5 crore on Bank of India and Rs 30 lakh on Saraswat Co-operative Bank Limited. The total penalty imposed by RBI on these three banks is Rs 6.50 crore.

May 29, 2020

How will RBI's extended moratorium on all loans help home loan borrowers?

The three-month moratorium on loan EMIs outstanding as of March 1, 2020, is now extended by another three months till August 31, 2020, as announced today. This makes it a total of six months moratorium on loan EMIs. How will this help home loan borrowers?

May 22, 2020

Uttar Pradesh hikes petrol, diesel price: How much you will have to pay now

The UP government has increased the price of petrol by Rs 2 per litre, and that of diesel by Rs 1 per litre.

May 6, 2020

Petrol, diesel prices hiked in Delhi today: Know the latest rates in your city

Petrol price in Delhi was hiked by Rs 1.67 a litre and diesel by a steep Rs 7.10 per litre.

May 5, 2020

Govt mulls Rs 3-lakh crore loan guarantee for small businesses, reveals report

Small businesses will be eligible for an additional 20% of their outstanding credit limit, which will be fully backed by the government.

Apr 27, 2020

What RBI's Special Liquidity Facility mean for the mutual funds industry?

The Covid-19 outbreak and the Franklin Templeton fund closure has necessitated RBI to step in and ease liquidity pressures on mutual funds by announcing Rs 50,000 crore Special Liquidity Facility.

Apr 27, 2020

Coronavirus impact: Dearness Allowance for Central govt employees, pensioners frozen till July 2021

The decision, which will affect around 50 lakh central govt employees and 61 lakh pensioners, comes after the Union Cabinet approved a 4% hike in DA to 21% in a bonanza for 1.13 cr employees and pensioners applicable from January, 2020.

Apr 23, 2020

Center to put Rs 5,000 crore in EPF accounts of employees and employers | Details inside

To help companies tide over the COVID-19 crisis, the Government of India will pay EPF contributions of both employer and employee (12 percent each), 24 percent altogether for the next three months, such that nobody suffers due to loss of continuity in the EPF contribution.

Apr 20, 2020

Meet the top three contenders, next in line for the HDFC Bank CEO throne

The process to select the successor of the bank's longest-serving CEO Aditya started in November last year whose tenure will end on 26th October this year.

Apr 19, 2020

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