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.
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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 »
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 »
GST Council Meeting: Insurance Tax, Rate Changes, Online Gaming Report
The GST Council, led by Union Finance Minister Nirmala Sitharaman, to discuss insurance taxation, rate rationalisation, online gaming, and more.
GST Council Meeting: Insurance Tax, Rate Changes, Online Gaming Report Read More »
RBI to Launch Unified Lending Interface for MSMEs, Agriculture, and More
India’s Reserve Bank Governor announced ULI, a new digital lending platform to meet credit demand, especially for agriculture and MSME sectors.
RBI to Launch Unified Lending Interface for MSMEs, Agriculture, and More 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 »
PSBs to launch MSME credit rating, reducing reliance on external ratings
Public Sector Banks in India will launch a new internal credit rating system for MSMEs to reduce reliance on costly external ratings.
PSBs to launch MSME credit rating, reducing reliance on external ratings 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 »
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 »