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CD SRINIVASAN
HDFC Bank buys back Rs 7,000 cr of high-cost bonds to lift CD ratioThe bonds were purchased in the last six months as the lender sought to meet a Reserve Bank of India (RBI) directive to lower the CD ratio,...
On tighter credit rein, HDFC Bank profits inch up 2%HDFC Bank reports a 2% rise in net profit for the December quarter to ₹16,736 crore. The bank deliberately slowed loan disbursals to preven...
HDFC Bank MD expresses disappointment with depositsHDFC Bank's MD, Sashidhar Jagdishan, expressed disappointment over deposit growth for the June quarter, attributing shortfalls to unexpecte...
We never compromise on credit standards just to support growth: Shyam SrinivasanThe overall other income shows slight deduction because we upfronted the future provision which is in the case of NSR, it is an offset to o...
Rising finance penetration to provide impetus to consumer durable financing: ICRAAccording to ICRA’s analysis, the growth in such short tenure loans is expected to translate into a portfolio size of about Rs. 70000 - 750...
CD volumes plunge to decade's low in Sep: IcraThe year-on-year credit growth as of September 15 stood lower at 7.5 per cent
Private banks share in advances to hit 38-40% by FY'20: ICRAThe market share of private sector banks in banking sector advances is expected to increase to ~38-40% by FY2020 from 19.9% as on March 31,...
As and when we spot opportunities to grow via portfolios, we will: Shyam Srinivasan of Federal Bank"In this quarter organically all the segments grew almost 20% plus, inorganically we had an opportunity to buy a retail portfolio for almos...
The quarter was an encouraging start to the financial year: Shyam Srinivasan, Federal Bank"CASA continues to move up, we are close to 33% now, the deposit profile is highly granular, continues to be a strong retail focussed depos...
Would look to lower deposit rates further to ensure unaltered margins: V Srinivasan, Axis Bank"The deposit rates coming down is the main metric by which base rates will change."
Sting CD case: IAS official's inter-cadre deputation curtailedA Gujarat cadre IAS officer of 1998 batch has now been asked to report to the place of his immediate previous posting prior to his inter-ca...
Federal Bank to set up branch at GIFT cityKerala-based private banker Federal Bank will set up a centre for foreign currency transactions at the proposed GIFT city in Gujarat.
Gold War: Traders lock horns with star trading housesRBI, claimed one of the complainants from the trade, is likely to initiate action shortly, considering the sharp rise in imports has happen...
Post United Bank of India downgrade, investors seek higher CD rate from weaker public sector banksThe gap or spread is much larger than the usual 2-5 basis points, traders familiar with the matter said.A basis point is a hundredth of a p...
200 tea stalls named after Narendra Modi to be opened in Tamil NaduThe movement members were from a cross section of fields, including IT, students, traders and businessmen, Praveen said.
- Nomination facility also available for joint account holders: RBI
Reserve Bank of India has advised banks to allow all depositors to use nomination facilities if they are willing to.
- Expect 60-70 basis points of slippage on fiscal deficit: Arun Srinivasan, ICICI Prudential Life
In an interview with ET Now, Arun Srinivasan, SVP–Investments (Debt), ICICI Prudential Life Insurance, shares his outlook on treasury. Edit...
Despite CRR cut, banks raise short-term money at higher rateBanks have paid 11.35% to 11.60% on the three-month CD - an instrument which can be traded on the exchange and similar to bulk deposits.
- Nabard asks banks to lend 50k cr to WB's priority areas
Nabard said banks should lend nearly 50,000 crore to the priority areas in West Bengal to improve agricultural yield as well as the state's...
- Expecting to see easing of CD rates: Exec Director, Axis Bank
ET Now talks to Srinivasan Varadarajan, Executive Director, Axis Bank to get his reactions on the impact of RBI's credit review on the bank...