Founded in August 1993, Axis Bank (“AXIS” or “Bank” or “Company”) is engaged in commercial banking activities in India. The Bank classifies its business in four segments: 1) Retail; Corporate 2) Investment Banking 3) Wealth Management; and 4) Other Banking Operations...
Founded in August 1994, HDFC Limited (“HDFC” or “Bank” or “Company”) is engaged in commercial banking activities in India. The Bank classifies its business in four segments: 1) Treasury; Corporate 2) Wholesale Banking 3) Retail Banking; and 4) Other Banking Operations...
What are payment banks? According to RBI guidelines: the objectives of setting up of payment banks is to further financial inclusion by providing – small savings accounts and payments/remittance services to migrant labour workforce, low income households, small...
Wait, does it really impact you? If you want to understand how RBI uses its Monetary Policy apparatus and how rate cuts really work, read this post here – Role of RBI in Indian Economy What happens when RBI cuts the Repo Rate? A repo rate cut allows commercial banks...
Over the last 5 trading sessions, stocks of public sector banks have surged anywhere between 5-25% in trade. They have caught the attention of investors and traders alike. Besides old timers who invested in PSU bank stocks for high dividend yields, there are many...
