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Finance

HDFC Bank’s advances rise 17% YoY to Rs 16 trillion; deposits up 21%

The country’s largest private sector lender, HDFC Bank, has reported a 17 per cent year-on-year (YoY) increase in advances in the January-March quarter...

Geojit Credits launches digital loan against mutual fund holdings

Geojit Credits, a non-banking financial company (NBFC), on Monday announced the launch of Loan Against Mutual Fund (LAMF). Under the scheme, the investors can...

RBI to issue new 5-year bond on April 6, seeks to raise Rs 8,000 cr

Reserve Bank of India will issue new five-year government bonds (maturing in 2028) to raise about Rs 8,000 crore in the first bond...

Finance Ministry to constitute 16th Finance Commission this year

The finance ministry on Monday told the Lok Sabha that it was going to constitute the 16th Finance Commission (SFC) in the current...

HDFC Bank records 16.9% increase in credit growth at Rs 16 trillion

Private sector lender HDFC Bank on Monday said it has recorded a 16.9 per cent increase in credit growth at Rs 16 lakh...

Bankruptcy resolutions yielding lower realisations, taking longer: Report

Bankruptcy cases are taking longer to resolve and yielding lower values for lenders, a credit rating agency analysis said on Monday. The average number...

SBI digital services impacted due to tech glitch, resolved later

SBI Q2 PAT may rise up to 98% QoQ, asset quality could improve: AnalystsSBI Q3 profit may rise nearly 60% YoY; deposit growth...

Rupee weakens against dollar after OPEC+ supply cut, recovers later

The rupee weakened against the dollar on the first trading day of the new financial year after crude oil prices jumped following a...

Govt’s net direct tax collection rises 18% to Rs 16.61 trillion in FY23

Net direct tax collection hits Rs 13.73 trn, 83% of FY23 revised estimateGross direct tax mop-up grows 24% to Rs 15.67 trn, net...

Nainital Bank raises Rs 100 cr via rights issue to meet future requirements

Nainital Bank, a subsidiary of public sector lender Bank of Baroda (BoB), on Monday said it has raised around Rs 100 crore through...

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