The RBI MPC recently raised the key repo rate by 25 basis points to 6.50 per cent. Several banks, including SBI, ICICI Bank, HDFC Bank and SBI, have raised their interest rates on both deposits and loans multiple times in the recent past. Janu01:39 PM IST MC interview| Shrinking regulatory arbitrage key driver for HDFC-HDFC Bank merger, says Deepak ParekhĮteran banker also said that the RBI rightly reined in inflation and that the days of jumbo interest rate hikes by central banks are behind us now.Banks have been raising their interest rates since early 2022 as the RBI is continuously increasing the key repo rate in order to control inflation in the country.Janu10:13 AM IST Top 10 ideas to trade in Feb series as bears get hold of Dalal StreetĮxperts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500. The monetary policy acts with lags, it may take 3-4 quarters for the policy rate to be transmitted to the real economy, and the peak effect may take as long as 5-6 quarters, said Dhiraj Relli of HDFC Securities. Febru01:33 PM IST RBI raises repo by 25 bps: Check buy & sell ideas for 10 rate-sensitive stocks.The refinancing will help Vodafone Idea pay dues to tower companies like Indus Towers and network makers such as Ericsson and Nokia, the report said. Febru09:17 AM IST Vodafone Idea in discussions with lenders to refinance Rs 3,000-4,000 crore loans.Febru08:46 PM IST HDFC Bank begins offline payment pilot under RBI sandboxĪpart from executing transactions in no network areas, such a facility will be of help in urban pockets experiencing bad networks and also in aircraft, according to a statement.One trigger that unnerved investors was the Hindenburg Research report, flagging the exposure of Indian banks, especially public sector banks, to the Adani Group Febru03:32 PM IST Investors’ love affair with bank stocks cools as earnings are set to moderate.The gross bad loans of scheduled commercial banks reduced to 4.5 percent as of Decemfrom 6.6 percent in the year-ago period Febru02:41 PM IST Bank asset quality to improve on expected fall in fresh slippages, say analysts.The bank said it will be paying a coupon of 5.686 per cent for the three year bonds, according to an exchange filing. Febru07:41 AM IST HDFC Bank raises $750 million in dollar bond sale.Last week, the BSE benchmark tumbled 1,538.64 points or 2.52 per cent amid concerns that the US Federal Reserve might raise interest rates further to curb inflation. Febru12:08 PM IST Nine of top 10 firms lose Rs 1.87 lakh crore in market valuation.HDFC Ltd had already received approval letters from RBI, SEBI, shareholders of HDFC and HDFC Bank, PFRDA and CCI Febru05:25 PM IST NCLT reserves HDFC-HDFC Bank merger order, say sources.Moreįebru09:38 PM IST HDFC Bank customers take to social media to complain about digital outagesĭowndetector, a platform that tracks website outages and issues, recorded a significant number of complaints from HDFC Bank customers in Mumbai, Nagpur, Hyderabad, Ahmedabad, Delhi, Kolkata, Bengaluru, and Chennai regarding disruptions on the bank's mobile and internet banking platforms. Be it purchasing gifts for loved ones to finishing off tax-related transactions, post registering for this facility, one surely has the simplicity to perform a multitude of things with just a few clicks. Banking facilities like requesting a new cheque book, demand draft, stop payment instructions, and more are also made easy using NetBanking. Apart from this, one can invest in mutual funds, apply for IPOs, get information about your loan statements, and more. In addition, it also allows for managing and checking account balances, downloading account statements for a period of 5 years, transferring funds, and paying off utility and credit card bills in a jiffy! Notably, only resident and non-resident individuals who have an active mobile number will have access to avail of the net banking facility. Not only can one open a savings account, fixed and recurring deposits almost instantly, but the service is available for all account holders with the bank by default. With HDFC Bank NetBanking, all HDFC bank account holders can undertake and perform a wide variety of functions, with over 200 transactions in a hassle-free, easy manner, without having to physically visit your bank branch. HDFC Bank is the third largest company by market capitalisation on the Indian stock exchanges.
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