South Indian Bank has set a target of $1 billion but has not disclosed the amount mobilised so far.
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South Indian Bank has set a target of $1 billion but has not disclosed the amount mobilised so far.
At least six private banks reported robust loan growth in the three months to June, driven by corporate lending, as high bond yields make market funding less attractive.
HDFC Bank deliberately slowed new account openings even though deposits remain the lifeblood of every bank. The lender says the reason had little to do with demand.
Higher interest income, improved asset quality and lower provisions support earnings in the June quarter.
The comments came as Kotak Mahindra Bank reported a 26% year-on-year rise in standalone net profit to Rs 4,123 crore for the June quarter.
The private lender says the appointment complies with RBI's governance norms and has received board approval.
As July 18 is the third Saturday of the month, banks across the country will remain open.
Federal Bank, which recently announced a deal to acquire portfolios from Standard Chartered, said it remains open to additional acquisitions.
The service provides real-time transaction confirmations and instant challan downloads, allowing faster processing and improved operational efficiency.
In order to provide clarity on the prudential treatment of such specified non-financial assets, including non-banking assets, acquired by a bank through various mechanisms, the RBI has issued prudential norms.