Mimansa Verma
Banking and Finance Correspondent at NDTV Profit
Banking and Finance Correspondent @NDTVProfitIndia / Prev ✍️: @qz @InformistMedia @toi / Connect at [email protected] / 👩🎓: @univofdelhi @iijnmbangalore
Articles
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Jul 4, 2024 |
ndtvprofit.com | Mimansa Verma |Anirudh Saligrama
HDFC Bank Ltd.'s gross advances declined 0.8% quarter-on-quarter to Rs 24.87 lakh crore in the April–June quarter, the bank said in an exchange filing on Thursday. The private lender's deposit growth remained flat at Rs 2.37 lakh crore on a quarterly basis during the reporting quarter. HDFC Bank's current account-savings account deposits fell 5% on a sequential basis to Rs 8.63 lakh crore during the first quarter of the ongoing financial year.
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Jul 3, 2024 |
ndtvprofit.com | Mimansa Verma
Reserve Bank of India Governor, Shaktikanta Das, met with the managing directors and chief executive officers of public sector banks and some private sector bank on Wednesday. Several issues related to persisting gap between credit and deposit growth, liquidity risk management, cybersecurity, digital frauds and credit flows to micro, small and medium enterprises were discussed at length in the meeting, the central bank said in a press release.
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Jun 20, 2024 |
ndtvprofit.com | Mimansa Verma
A malware attack at GIC Housing Finance Ltd. has affected some of the company's end user systems, it informed exchanges on Thursday. No operations of the housing finance company, which has a net worth of Rs 1,828.83 crore as on March 31, have been disrupted. But, GIC Housing Finance has "isolated the affected systems from the network to stop further impact", it said.
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Jun 20, 2024 |
ndtvprofit.com | Mimansa Verma
In the wee hours of Thursday morning, the People's Bank of China set its reference rate for yuan at its lowest level since November. The resultant weakness in Chinese yuan along with corporate outflows and little dollar sales to support the Indian rupee resulted in a staggered decline in the currency to an all-time low of Rs 83.65 per dollar. The rupee closed at Rs 83.65 per dollar against the US dollar, after registering a low of Rs 83.66 in the latter half of the trading session.
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Jun 19, 2024 |
ndtvprofit.com | Mimansa Verma
Reserve Bank of India said on Wednesday that it has invited applications for recognising self-regulatory organisations for non-banking financial companies. In March, the central bank had laid down an omnibus framework for recognising SROs to ensure broad objectives, functions, eligibility criteria and governance standards. The framework is common for all SROs, irrespective of the sector, the central bank had said in a statement.
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