Jhunjhunwala upped his stake in the bank in March quarter to 1.96 per cent from 1.6 per cent in December quarter.

The Indian economy is currently facing high underlying inflation and needs further policy tightening, according to a note by research firm Nomura. The nations featuring in the ‘hot bucket need further policy tightening, the note says

Revenues from operations in the period under consideration fell 14.6% to Rs 7421.73 crore from Rs 8685.97 crore earlier. Total expenses last quarter stood at Rs 6759.28 crore, which is a decline of 11.6% over Rs 7644.23 crore registered in Q4FY21. Ebitda (Earnings before interest, tax, depreciation and amortisation) margin for the quarter was 11.2%.

Eight months after a ban was imposed, in a letter to the HDFC Bank board on Monday, the RBI communicated that it has decided to lift restrictions on launching new credit cards while the restrictions on launching new projects under digital 2.0 was still in place.

The former Indian cricket captain was named brand ambassador of Fortune Rice Bran oil in January last year and the campaign – in which he ironically promotes heart health – was made during the lockdown period.