Banking

Currently, banks in India can mainly issue three types of bonds: longer-tenure notes to fund infrastructure, affordable housing, Tier I bonds, and Tier II bonds, which have a minimum maturity of five years.

A key government decision on a major bank disinvestment has altered expectations around potential consolidation in the banking sector, triggering sharp stock reactions.

The sale has been halted as the two bids from Fairfax, Emirates came in below Reserve Price, the sources added.

The OMO purchase auction was announced ahead of expected heavy outflows from the banking system due to advance tax and Goods and Services Tax (GST) payments scheduled later this month.

HDFC Bank said account-related services, including deposits, NEFT, IMPS, RTGS and within-bank transfers, will not be accessible.

Cred currently has a member base of over 1.5 crore.

ICRA has maintained the existing credit rating but is placed on watch with developing implications.

Bandhan Bank share price rose as much as 2.3% and Kotak Mahindra Bank gained 1.9% after the news.

Reserve Bank of India has eased a key condition for AU Small Finance Bank as it transitions to a universal bank, removing the mandatory requirement for promoters to hold shares through a non-operative financial holding company.

Banks across the country will be open on March 7 as it is the first Saturday of the month. Banks observe holidays on the second and fourth Saturdays.

Ketan Merchant was initially appointed the head of the organisation to carry on and oversee the day-to-day operations after the arrest of the Bank's MD and CEO, Rishi Gupta, under the CGST, SGST act.

The investigation was triggered by IndusInd Bank's previous reporting regarding derivatives accounting, a period during which SEBI alleges internal information was used for unfair gain.

Despite current market volatility, the bank secured a competitive cut-off coupon of 7.10%.

DEG has provided a 40 million euro loan (around $46 million) and Citi has extended a Rs 260 crore loan to the NBFC.

HDFC Bank will count UPI-based cardless cash withdrawals toward customers' monthly free ATM transaction limits from April 1, 2026, aligning them with regular debit card withdrawals.

CFO Ketan Merchant said that the bank has a strong corporate governance, compliance framework and robust processes in place.

The organisation has appointed Ketan Merchant, the Chief Financial Officer, to carry on and oversee the day-to-day operations.

Due to the bank's monitoring and control mechanisms, 688 unauthorized transaction attempts were declined, which led to safeguarding of approximately $100,000.

The lender accepted the bid at 7.24%, choosing to raise till the upper limit of Rs 5,000 crore.

The National Payments Corporation of India, which operates and manages UPI, didn't respond to a request for comment. The Times of India earlier reported the India plans for Apple Pay.