Banks

Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?

June 20, 2023

Abrdn’s clean-up block trade of a 10.2 percent stake in HDFC AMC will increase the company’s free float market capitalisation but the stock has to rally over 10 percent from the current level to make it back to the MSCI index. “As per the latest global market cap cut-off, HDFC AMC needs to move above […]

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Global banks raise forecast to 4% peak for key ECB rate

June 16, 2023

Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised euro zone borrowing costs to their highest level in 22 years […]

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Canara Bank

Canara Bank plans to invest Rs 1,000 crore in digital banking infrastructure

May 12, 2022

Canara Bank, a public sector lender, wants to invest Rs 1,000 crore in a digital banking ecosystem, including a super-app, over the next three years. Next month, the Bengaluru-based bank will reveal its super app (which has yet to be named). According to K Satyanarayana Raju, managing director of Canara Bank, this would entail upgrading […]

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RBI says it will charge banks if they do not improve customer grievance

January 29, 2021

By Administrator_India Capital Sands The Reserve Bank of India (RBI) asked banks to step up disclosures on customer complaints and cost of redressal, cautioning lenders that fail to improve their redress mechanism quickly will be charged. At the end of March 2020, the total number of complaints across various offices of RBI stood at 3,08,630. This is a steep […]

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RBI wants IDBI Bank to come out of PCA framework before stake sale

RBI wants IDBI Bank to come out of PCA framework before stake sale

January 5, 2021

  By Administrator_India Capital Sands The government and Life Insurance Corporation (LIC) of India should allow IDBI Bank to come out of the prompt corrective action (PCA) framework before they go ahead with the stake sale in the lender, the Reserve Bank of India (RBI) has suggested. The banking regulator’s view is that the government’s […]

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