HDFC Bank’s Merger Pangs
India’s second-biggest bank may not be the cynosure of investors as the merger with HDFC weighs heavy, shaving off 16% of its market cap. But who can afford to ignore the 800-Pound gorilla?
India’s second-biggest bank may not be the cynosure of investors as the merger with HDFC weighs heavy, shaving off 16% of its market cap. But who can afford to ignore the 800-Pound gorilla?
India’s largest private bank is up against some serious headwinds as MD & CEO Sashidhar Jagdishan battles the fallout of the merger with parent HDFC — both internally and externally.
The latest RBI order will help facilitate succession planning with respect to tenure and upper age limit for MD & CEO positions
Gupta has been serving as a full-time director of the bank since January 1999 and has been designated as the joint MD since January 1, 2022.
Asia’s richest private banker steps down from his executive role at the country's third-largest private bank
In his resignation letter, Uday Kotak says he mulled over the decision for some time and believes this is the right thing for the institution
In the Q1 of FY24, the bank's total income stood at ₹7,584.3 crore, witnessing a growth of 29.7% year-on-year, as against ₹5,876 crore in the same period of the corresponding year.
While these gaps have been mitigated, it is necessary that boards and the managements do not allow such gaps to creep in, says RBI governor
The bank posted a profit of ₹4,117.77 crore in the same period last year. In the December quarter of FY23, the bank’s profit stood at ₹5,583.07 crore.
Addressing the aftermath of financial sector distress could unlock significant growth, says World Bank.