Banking News
Bank branches across India remain closed today in accordance with the RBI's fourth-Saturday holiday rule, while digital banking and ATM services continue.
HDFC Bank shares came under pressure after quarterly results showed weaker-than-expected net margins despite steady profit growth and stable asset quality.
HDFC Bank reported a 5% increase in Q1 profit, supported by healthy retail lending growth, lower credit provisions, and stable asset quality.
India's banking sector is closely monitoring forex reserve management measures as global market volatility and capital flows continue to evolve.
The RBI continues to monitor rupee volatility amid shifting global market conditions, capital flows, and external economic developments.
