Starting July 1, major private sector banks like HDFC Bank and ICICI Bank will increase charges on various credit card and banking services. Both banks have informed their customers about the changes through official notifications. HDFC Bank has announced new charges for credit card users, especially for transactions involving online gaming, digital wallets, and utility
The Q4 results of the private banks as well as state-run lenders were mixed with net interest margins surprising positively for larger banks, but growth remaining elusive. Banks delivered a credit growth of 11% year-on-year (YoY). Slower credit growth versus Street expectations was primarily visible amongst the larger private banks, while most mid-sized banks delivered
Are you looking for relatively safe debt funds to invest for a few years? You can consider investing in Banking & PSU debt funds as these schemes have the mandate to invest at least 80% of their corpus in debt investments of banks, public sector undertakings, and public financial institutions. Mutual fund advisors say banking
The Bank Nifty index has made waves in the market, hitting an all-time high of 56,098 in April, but it now hovers around the 55,000 mark. Meanwhile, the Nifty50 benchmark index is still around 7% away from its own record high, while banking stocks have continued to outpace the broader market. However, the recent retracements
Here’s a quick look at stocks likely to be in focus in today’s trade. Bajaj Finance reported a strong performance for the fourth quarter of FY25, with its assets under management (AUM) rising 26 percent year-on-year to ₹4.17 lakh crore as of March 31, 2025. The company added approximately ₹18,700 crore to its AUM during