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.
INDIA
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 »
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 »
Time for fintech NBFCs to revisit business models, says India Ratings
Fintech NBFCs in India face tighter funding conditions and regulatory warnings, prompting them to reassess business models and moderate loan disbursements.
Time for fintech NBFCs to revisit business models, says India Ratings Read More »