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.
INVESTORS
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 »
Bajaj Housing Finance IPO Oversubscribed by 55 Times on Day 3
Bajaj Housing Finance’s IPO is oversubscribed 55.25 times, aiming to raise Rs 6,560 crore with a price band of Rs 66-70.
Bajaj Housing Finance IPO Oversubscribed by 55 Times on Day 3 Read More »
Health Insurance GST: Indian States May Be Hindering Significant Tax Relief
The GST Council will meet to discuss reducing tax on health insurance, facing resistance from states due to revenue concerns.
Health Insurance GST: Indian States May Be Hindering Significant Tax Relief Read More »
Banks Allocate Rs 25 Lakh Crore to Priority Lending for MSMEs in July: RBI Data
MSME credit by banks grew 15% to Rs 25.1 lakh crore in July. RBI plans unified digital platform for smoother lending.
Banks Allocate Rs 25 Lakh Crore to Priority Lending for MSMEs in July: RBI Data Read More »
Fintech Company TransBnk Secures $4 Million in Series A Funding for Banking Solutions
TransBnk, a fintech company, raised $4M in funding to expand networks, enter new markets, and enhance tech infrastructure.
Fintech Company TransBnk Secures $4 Million in Series A Funding for Banking Solutions Read More »
52% of MSME B2B payments in major Indian cities are overdue for more than 90 days
Recordent’s survey on B2B payment trends reveals cities with concerning payment behavior, emphasizing the challenges faced by Indian businesses.
52% of MSME B2B payments in major Indian cities are overdue for more than 90 days Read More »
MSMEs to Receive Rs 15,000-Crore Subsidy to Enhance Recycling and Efficiency
The Indian government plans a Rs 15,000 crore green initiative for MSMEs, including an e-marketplace for recyclables and energy transition support.
MSMEs to Receive Rs 15,000-Crore Subsidy to Enhance Recycling and Efficiency Read More »
SEBI Advises Investors to Stay Calm Amid Hindenburg Controversy: Explained
SEBI responds to Hindenburg Research’s allegations, affirming independence, transparency, and thorough investigations into Adani Group, despite market caution.
SEBI Advises Investors to Stay Calm Amid Hindenburg Controversy: Explained Read More »
Fintech solutions can positively impact income, savings: CEA Nageswaran
CEA V. Anantha Nageswaran highlighted fintech’s potential to transform income, savings, and wealth creation in India, while urging awareness of societal challenges.
Fintech solutions can positively impact income, savings: CEA Nageswaran Read More »