HDFC Bank reports that the sequential increase in deposits surpassed loan growth in the second quarter
HDFC Bank reported a 1.3% rise in loans and a 5.1% increase in deposits for the fiscal second quarter, post-merger.
NBFC Loan Sanctions Increase by 12% in Q1 FY25, Driven by Home and Auto Loans Growth
In Q1FY25, NBFC loan sanctions rose 12% year-on-year to Rs 5.08 trillion, despite an 11% sequential decline due to seasonality.
NBFC Loan Sanctions Increase by 12% in Q1 FY25, Driven by Home and Auto Loans Growth Read More »
Investment Under PLI Expected to Exceed INR 2 Lakh Crore Soon: Piyush Goyal
Union Minister Piyush Goyal announced PLI investments reached INR 1.46 lakh crore, expecting over INR 2 lakh crore, supporting various manufacturers.
Investment Under PLI Expected to Exceed INR 2 Lakh Crore Soon: Piyush Goyal Read More »
Finance Ministry demands swift action on loan recovery
The finance ministry advises banks and tribunals to engage borrowers directly, aiming to reduce the backlog of small-value debt recovery cases.
Finance Ministry demands swift action on loan recovery Read More »
NBFCs see a 21% deposit growth in FY24, surpassing banks.
In Kolkata, NBFCs have surpassed banks in deposit growth, attracting savers with higher interest rates and reshaping the financial landscape.
NBFCs see a 21% deposit growth in FY24, surpassing banks. Read More »
Aditya Birla Capital Receives RBI Approval for Merger with Aditya Birla Finance
Aditya Birla Capital’s merger with Aditya Birla Finance, approved by RBI, aims to create a stronger Non-Banking Financial Company.
Aditya Birla Capital Receives RBI Approval for Merger with Aditya Birla Finance Read More »
Nirmala Sitharaman clarifies that there will be no tax rate reductions for the old regime
Finance Minister confirms no tax cuts for the old regime; new regime simplifies taxation with lower rates and higher standard deductions.
Rate cut depends on inflation trends: RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das stressed the importance of future inflation trends for setting the interest rate, mentioning key factors.
Rate cut depends on inflation trends: RBI Governor Shaktikanta Das Read More »
₹2 Trillion GST Evasion Detected in FY24, Online Gaming Most Susceptible
The DGGI uncovered 6,084 cases of GST evasion totaling Rs 2.01 trillion in 2023-24, double the previous fiscal year.
₹2 Trillion GST Evasion Detected in FY24, Online Gaming Most Susceptible Read More »
Survey Predicts Rise in MSME NPA Levels Over the Next 6 Months
The latest FICCI-IBA Bankers’ Survey predicts a rise in MSME NPAs, highlighting the need for improved lending strategies.
Survey Predicts Rise in MSME NPA Levels Over the Next 6 Months Read More »