RBI fines ICICI, Kotak Mahindra Bank for not complying with norms
ICICI Bank has been penalised for contraventions pertaining to loans and advances-statutory and non-compliance with RBI directions on fraud classification and reporting, the central bank said on Tuesday. Kotak Mahindra Bank has been fined for non-compliance with directions on managing risks and the code of conduct in outsourcing of financial services by banks as well […]
Bajaj Finance Q2 net rises 28% with strong demand for loans
Assets under management (AUM) increased to ₹2.90 lakh crore as of September 2023 up 33% from ₹2.18 lakh crore a year ago, led by growth in vehicle finance, consumer finance and loans to SMEs.
Brokerages cut price targets for HDFC Bank on margin worries
Most analysts said HDFC Bank’s valuations were cheaper compared to historical averages but concerns over profitability and growth could delay re-rating.