ICICI Bank m-cap tops Rs 8 lakh crore, cuts its value gap with HDFC to half
Following the merger of HDFC and HDFC Bank on July 24 last year, HDFC Bank’s market-cap was 82% higher than ICICI Bank. ICICI Bank was valued at ₹6.94 lakh crore then while HDFC Bank’s market- cap stood at ₹12.66 lakh crore. On Monday, this gap was reduced to 41%, with HDFC valued at ₹11.49 lakh […]
RBI asks lenders to comply with fair lending practices
Some lenders are resorting to certain unfair practices in charging interest rates such as charged interest on loans from the date of sanctioning or execution of the loan agreement rather than from the date of disbursement.