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.
LOANS
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 »
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 »
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 »
Government Plans to Extend Additional Rs 5 Trillion Through Credit Guarantees Over Two Years
The government plans to boost credit guarantees for MSMEs by Rs 5 lakh crore, bridging the formalization gap to 5 crore units.
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 »