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.
RBI
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 »
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 »
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 »
Soon, Loan Processing for MSMEs and Others Will Be Faster and Simpler : Here’s How
The Reserve Bank of India is set to launch the Unified Lending Interface (ULI) to revolutionize lending, providing faster and easier access to credit nationwide.
Soon, Loan Processing for MSMEs and Others Will Be Faster and Simpler : Here’s How Read More »
India’s plan to link fast payments like UPI draws cautious response from Fed
The U.S. expresses concerns about linking domestic fast payment systems like India’s UPI for global transactions, citing potential tradeoffs.
India’s plan to link fast payments like UPI draws cautious response from Fed Read More »
RBI Weighs Gradual Rollout of Infrastructure Financing Norms After Lender Feedback
The RBI plans to phase in increased provisioning for project financing to ease lender burdens and may offer leniency for nearly completed projects, reports The Economic Times (ET).
RBI Weighs Gradual Rollout of Infrastructure Financing Norms After Lender Feedback Read More »