'Most Indian promoters don't want to default'

StanChart India CEO Zarin Daruwala is building a culture of 'celebrating liabilities,' the tough negotiator tells Niraj Bhatt and Anup Roy over lunch.Illustration: Dominic XavierRediff.com Zarin......

MFDs cash in big: Commissions jump over 20% on market liftoff

Commissions paid to mutual fund distributors (MFDs) increased by over 20 per cent for most large fund houses in 2023-24 (FY24), driven by a sharp market rally and strong inflows. Illustration:......

Net credit card additions down 48% to 2 mn in Q1

The net credit card additions in the banking sector nearly halved to 2 million in the first quarter of the current financial year (Q1FY25) from the previous quarter due to seasonal and regulatory......

Can the 'new' HDFC Bank reclaim its old glory?

For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. IMAGE: Sashidhar Jagdishan, managing director and......

Brokerages bullish on ICICI Bank stock after Q4 results

An in-line ICICI Bank result for the quarter ended March 31, 2024, has led to analysts raising target price and earnings per share (EPS) forecast on the stock. Photograph: Danish Siddiqui/Reuters......