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Allahabad Bank, Bank of Maharashtra and Indian Overseas Bank have been fined Rs 1.5 crore each, Rs 1 crore fine has been put on Andhra Bank and HDFC, IDBI and Kotak Mahindra fined Rs 20 lakhs each.
The company said it has signed agreements with Axis Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Yes Bank.
The country’s top private lender HDFC Bank posted a 20 per cent jump in its net profit for the October-December quarter over the corresponding quarter in the previous year, at Rs 5,585.9 crore.
In course of the investigation, it was also learnt that the accused borrowers had created fake pattadar passbooks and obtained huge loans.
On sector-wise growth, financials emerged as India’s biggest wealth creating sector for the second consecutive year.
Net profit rose to 50.05 billion rupees (USD 682.16 million) for the quarter ended Sept 30, from 41.51 billion rupees a year ago, India's biggest lender by market capitalisation said in a statement.
Kalamassery municipal chairperson Jessy Peter inaugurated the camp. She urged the youth to come forward to donate blood and to create awareness among others on blood donation.
Start-up accelerators are organisations that help early-stage companies develop their product and business model, and also connect with investors.
The official said over 60 lakh cheque bounce cases are pending in the country and HDFC Bank has taken a lead by requesting the courts to use digital means to issue summons.
HDFC Bank’s vice-president Siddharth Sanghvi, whose decomposed body was recovered near Kalyan on Monday morning, was kidnapped for extortion and killed in a scuffle with his kidnapper.
The 39-year-old banker had left his office in the Kamala Mills area here at 7:30 pm on September 5, and had been missing since then.
Net profit rose to 41.51 billion rupees ($634 million) in the three months ended Sept. 30, from 34.55 billion rupees a year earlier, the bank said.
Shares of HDFC Bank today ended with nearly 2 per cent gain, adding Rs 8,031 crore to its market valuation.
HDFC Bank Ltd had recorded higher provisions driven by delinquencies in its agriculture loan book over the first quarter.
Total income rose to Rs 22,185.38 crore during the quarter under review, up 14.81 per cent against Rs 19,322.63 crore in the same period last year.