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In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

Bank credit growth to moderate to 8.5 pc in FY20: Icra

Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial...

4 Nov 2019 3:35 PM IST

HDFC Bank is Indias second largest private sector bank. (Photo: YouTube)

HDFC Q2 net profit up 76 per cent at Rs 1,749 crore

Total income (standalone) increased to Rs 13,494.12 crore from Rs 11,256.96 crore a year ago.

4 Nov 2019 3:32 PM IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

India's Infosys says no prima facie evidence on whistleblower...

The letter was in reply to the NSE's request to the company to explain why it had not disclosed the receipt of the...

4 Nov 2019 1:25 PM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Yes Bank shares plunge 15 per cent after Q2 net loss

Total income (consolidated) also slipped to Rs 8,347.50 crore during July-Sept 2019-20, as against Rs 8,713.67 crore.

4 Nov 2019 12:33 PM IST

Shares of Yes Bank jumped 35 per cent before closing with gains of 24 per cent after the lender informed the exchanges that it has received a $1.2 billion binding offer (around Rs 8500 crore) from a global investor. The bank is yet to consider the offer, it said.

Yes Bank posts net loss of Rs 629 cr in Sept quarter as bad loans...

The private sector lender had posted a net profit of Rs 951.47 crore in the corresponding period of the previous fiscal.

1 Nov 2019 6:42 PM IST

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

IOC stock down nearly 3 pc after disappointing Q2 earnings

The stock touched an intra-day low at Rs 140.25, down 4.46 per cent.

1 Nov 2019 5:49 PM IST

Mahindra & Mahindra, Indias biggest utility vehicle maker, on Thursday rolled out a subscription-based service for retail buyers of its personal range of cars to boost sales ahead of festive season and amid worst slowing demand.

Mahindra total sales down 11 pc at 51,896 units in October

The company had sold 58,416 units in the corresponding month last year, M&M said in a regulatory filing.

1 Nov 2019 2:13 PM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

Bank of India post Rs 266 crore profit in Q2

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

1 Nov 2019 1:48 PM IST

Balanced mutual funds received more than Rs 47,000 crore. (Photo: Representational/PTI)

Mutual funds add over Rs 4 lakh cr to asset base in 2019

The investor count is estimated to have grown by over 62 lakh during 2019, to 8.65 crore this year.

25 Dec 2019 12:26 PM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank shares fall after ratings downgrade

The stock was trading 2.99 per cent down to Rs 45.35 on the BSE and the NSE.

19 Dec 2019 10:50 AM IST

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

Govt sets Rs 1.1 lakh cr monthly GST collection target; asks taxmen to...

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.

17 Dec 2019 5:43 PM IST

Global rating agency Moodys Investors Service on Tuesday placed Yes Banks foreign currency issuer rating of Ba1 under review for downgrade.

Yes Bank stock slumps over 5 pc on ratings downgrade

The lender's shares were trading at 58.75 apiece, down 5.39 per cent on the BSE.

6 Dec 2019 11:04 AM IST