External commercial borrowings of firms jump 50% in April-September
5 years, 1 month ago

External commercial borrowings of firms jump 50% in April-September

Live Mint  

External commercial borrowings of Indian companies jumped nearly 50% in the six months ended 30 September from a year ago, thanks to cheaper overseas funds, easier overseas borrowing norms and weakened local banks. “The constrained and relatively high-cost lending of domestic banks and financial institutions on account of stressed asset quality, heightened risk aversion and strained liquidity conditions has, in part, been counterbalanced by the low interest rate regime in the international markets,” said Kavita Chacko, senior economist, CARE Ratings. The CARE report said companies from the financial services sector continue to dominate external borrowings, accounting for nearly 47% of the value of ECB in the first six months of the current fiscal, up from 35% a year ago. The CARE report said that of the total ECBs raised during April-September 2019, nearly 65% fell in the 3-5 years maturity bracket and less than 10% of borrowings were for tenures of over 10 years, indicating ECBs are not relied upon for financing longer duration projects.

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NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra
Trending News
2 days, 9 hours ago

NBFC loan growth to decline in FY26 to 18.5% YoY: Ind-Ra

The Hindu  

India Ratings and Research which has maintained a neutral sector outlook and a Stable rating Outlook for non-bank finance companies for FY26 has projected that the loan growth of NBFCs would further decline in FY26 to 18.5% YoY. According to the rating agency the NBFCs after witnessing a phase of high reliance on the unsecured loan segment for achieving loan …

Viral fear, growth blues stalk Street
3 days, 11 hours ago

Viral fear, growth blues stalk Street

Live Mint  

Fresh virus fears rode on other weak signals to send the markets tumbling on Monday, wiping out ₹11 trillion of investor wealth in a day. News of two cases of the Chinese-origin human metapneumovirus being detected early Monday in India added a new negative to the markets already impacted by low corporate earnings and economic growth sentiment, and a local …

India’s banking credit growth to remain subdued in FY2026, lowered forecast: ICRA
1 week ago

India’s banking credit growth to remain subdued in FY2026, lowered forecast: ICRA

Live Mint  

New Delhi, January 2 : Credit rating agency ICRA has lowered its banking credit growth estimate for FY2025 to 10.5-11.0 per cent, down from its previous forecast of 11.6-12.5 per cent. For FY2026, ICRA anticipates a further slowdown in credit growth, estimating a range of 9.7-10.3 per cent, influenced by the high CD ratio and upcoming changes in the liquidity …

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern
1 week, 6 days ago

PSU banks to cross ₹1.5 lakh cr profit in FY’25, low deposit mobilisation concern

Live Mint  

New Delhi, Dec 27 Low NPAs and double-digit credit growth are expected to drive profits of public sector banks past the ₹1.5 lakh crore milestone in 2024-25. Public lenders recorded their highest-ever aggregate net profit of ₹1.41 lakh crore in 2023-24 on the back of significant improvement in asset quality, credit growth, healthy capital adequacy ratio and rising return on …

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025
2 weeks, 1 day ago

FPI inflows into Indian equities drop sharply in 2024; rebound anticipated in 2025

Live Mint  

New Delhi, Dec 25 After a robust 2023, foreign investors significantly scaled back their investments in Indian equities in 2024, with net inflows amounting to over ₹5,000 crore, as elevated domestic valuations, coupled with geopolitical uncertainties prompted investors to adopt a more cautious stance. As of now, foreign portfolio investors have made a net investment of over ₹5,052 crore in …

A big refinery, a large loan, and a bunch of eager banks
1 month, 3 weeks ago

A big refinery, a large loan, and a bunch of eager banks

Live Mint  

Mumbai: India’s top lenders are falling over each other to finance a ₹39,000 crore refinery being set up by Chennai Petroleum Corp. and Indian Oil Corp. in Tamil Nadu, in one of the largest corporate loan deals in recent times. State-owned banks like State Bank of India, Bank of Baroda and Punjab National Bank are among six lenders which have …

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here
1 month, 3 weeks ago

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here

Live Mint  

The State Bank of India, India's largest public sector bank, is planning to raise up to $1.25 billion, marking the biggest dollar-denominated loan in the country's financial sector. Dollar loan volume declines The report said that despite these loans, India's dollar loan volume has declined 27 per cent to $14.2 billion this year due to the absence of large company …

Private Banks Brace for Credit Card and Loan Stress in Q2
2 months, 2 weeks ago

Private Banks Brace for Credit Card and Loan Stress in Q2

Live Mint  

Private banks continue to see stress in small-ticket advances, with all lenders barring HDFC Bank reporting a spike in bad loans. Axis Bank's gross slippages jumped 36% year-on-year to ₹4,443 crore, led by unsecured loans. Kotak Mahindra Bank's slippages were up 42% year-on-year, with a significant rise in bad loans in the credit card and microfinance portfolios.

NBFCs Outpace Banks With 21% Deposit Growth In FY24
3 months, 3 weeks ago

NBFCs Outpace Banks With 21% Deposit Growth In FY24

ABP News  

Non-bank lenders have increased their deposit base by 21 per cent in FY24, in contrast to the more modest 13.5 per cent rise experienced by banks, according to data from the Reserve Bank of India. The RBI's Handbook of Statistics on the Indian Economy reveals that the total public deposits held by NBFCs reached Rs 1.03 lakh crore by the …

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details
3 months, 3 weeks ago

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

News 18  

HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, …

NBFCs Face Funding Strains, Slower Growth Ahead
4 months, 2 weeks ago

NBFCs Face Funding Strains, Slower Growth Ahead

Deccan Chronicle  

Mumbai: Non-banking financial companies are likely to face funding challenges that could result in slower growth compared to the robust expansion seen in the last two fiscals according to rating agency ICRA Ltd. “The banking sector, a key lender to the NBFC segment, is expected to register an overall credit expansion of around 12 per cent in FY2025, resulting in …

Economic Survey 2023-24: Displaying stellar show banking, financial sectors must brace for likely vulnerabilities
5 months, 2 weeks ago

Economic Survey 2023-24: Displaying stellar show banking, financial sectors must brace for likely vulnerabilities

The Hindu  

With India’s banking and financial sectors displaying a stellar performance in FY24 and as India’s financial sector undergoes critical transformation, it must brace for likely vulnerabilities originating globally or locally, the Economic Survey 2023-24 has cautioned. Economic Survey 2023-24 LIVE updates In FY24 bank credit witnessed double digit and broad-based growth and asset quality improved dramatically with gross and net …

Bank lending to NBFCs jump 26% to Rs 15.6 trillion
5 months, 4 weeks ago

Bank lending to NBFCs jump 26% to Rs 15.6 trillion

New Indian Express  

MUMBAI: Despite the Reserve Bank of India massively hiking the risk capital weighting on banks’ exposure to non-banks last November, the same has been rising unabated clipping at 26 per cent in May 2024, to go past Rs 15.6 trillion. In May 2024, mutual funds debt exposure to NBFCs rose to 13.3 per cent of banks advances to NBFCs, which …

RBI Reports Home Loan Outstanding Growth Of Rs 3.4 Lakh Crore Over 12 Months
6 months, 1 week ago

RBI Reports Home Loan Outstanding Growth Of Rs 3.4 Lakh Crore Over 12 Months

ABP News  

Housing loan outstanding expanded faster in May 2024 than in the previous year, while growth in the personal loan segment slowed compared to the previous year. According to Reserve Bank of India data, credit growth for housing loans, the most significant component of personal loans, accelerated by 16.9 per cent to reach Rs 23.49 lakh crore, up from Rs 20.09 …

State Bank of India to raise USD 3 billion through debt in FY2025, shares rise
6 months, 4 weeks ago

State Bank of India to raise USD 3 billion through debt in FY2025, shares rise

Live Mint  

India's largest lender State Bank of India, announced on June 11 that its board has approved a plan to raise up to $3 billion through debt in the current financial year, as per an exchange filing. The state-owned financial institution plans to secure the funds in multiple tranches via either a public offering or private placement of senior unsecured notes. …

Despite RBI measures, unsecured personal loans by banks grow; ICICI leads pack
8 months, 3 weeks ago

Despite RBI measures, unsecured personal loans by banks grow; ICICI leads pack

New Indian Express  

Mumbai: The second largest private sector lender ICICI Bank has the highest exposure in the unsecured personal loan segment at 13.8 percent, while at the system level it is 8.7 percent as of the December 2023 quarter, according to an analysis. The system-wide exposure has more than doubled since March 2018 when it was only 4 percent, while the system …

NBFC lenders find borrowing a costly affair
8 months, 4 weeks ago

NBFC lenders find borrowing a costly affair

Live Mint  

MUMBAI : Non-bank lenders are struggling through a spike in borrowing costs as banks have become cautious in lending to them following a regulatory warning, forcing these companies to diversify their money sources. The Reserve Bank of India in November increased the risk weights on NBFCs by 25 percentage points, making their cost of borrowing from banks costlier by 30-50 …

Credit growth trajectory likely to slow down to 12-14% YoY over FY25-27, says Emkay Global
9 months, 2 weeks ago

Credit growth trajectory likely to slow down to 12-14% YoY over FY25-27, says Emkay Global

Live Mint  

India’s banking sector is expected to face a slowdown in credit growth and with banks exhausting strategies to sustain margins, the imperative for mobilizing deposits emerges, analysts said. The credit growth trajectory is expected to slow down to 12-14% year-on-year over FY25-27E from the current 16.5% YoY, according to Emkay Global Financial Services. The overall deposit growth and more so …

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable
11 months ago

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable

The Hindu  

“With India’s current account deficit declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. Moreover, with around 10.2% share in world telecommunications, computer and information services exports, India is a …

Bank credit expansion projected at 15 per cent in FY24, 12 per cent in FY25: Report
11 months, 2 weeks ago

Bank credit expansion projected at 15 per cent in FY24, 12 per cent in FY25: Report

India TV News  

Rating agency Icra has revised its projection for bank credit growth for the current fiscal year to 14.9-15.3 per cent, marking the highest-ever incremental bank credit growth at Rs 20.4-20.9 lakh crore. However, it anticipates a slowdown in credit growth to 12 per cent in the next fiscal year due to rising global headwinds, a higher base, and challenges in …

Pvt banks see muted Q3, challenges ahead
11 months, 2 weeks ago

Pvt banks see muted Q3, challenges ahead

Live Mint  

Mumbai: Higher provisions and lower margins marked the October-December quarter earnings of most private sector banks, as they reported muted numbers. Despite the margin contraction, ICICI Bank reported a 24% rise in net income to ₹10,270 crore at the end of December quarter, higher than market estimates. Kotak Mahindra Bank’s Casa ratio dipped to 47.7% at the end of the …

Small finance, payments banks growing sustainably: Experts at Mint BFSI Summit
11 months, 4 weeks ago

Small finance, payments banks growing sustainably: Experts at Mint BFSI Summit

Live Mint  

New Delhi: Small finance banks and payments banks, constituted under the differentiated banking license policy of the Reserve Bank of India, have seen sustainable growth throughout their existence, industry experts said at the Mint BFSI Summit and Awards 2024 on Thursday. That means they have touched the lives of 100 million Indians, or 7% of the population, in under seven …

HDFC Bank's Home Loan Portfolio Rises To Rs 48,000 Crore In Q2 Post-Merger With HDFC
1 year, 3 months ago

HDFC Bank's Home Loan Portfolio Rises To Rs 48,000 Crore In Q2 Post-Merger With HDFC

ABP News  

HDFC Bank's approved home loans amounting to Rs 48,000 crore during the July-September quarter of the financial year 2023-24. In the second quarter, the bank's retail loan portfolio saw an 85 per cent surge compared to the previous quarter and a significant 111.5 per cent increase over the same period last year. This reflects a 4.9 per cent increase over …

India's June quarter current account deficit narrows to 1.1 per cent: RBI
1 year, 3 months ago

India's June quarter current account deficit narrows to 1.1 per cent: RBI

Hindustan Times  

India's current account deficit narrowed to USD 9.2 billion or 1.1 per cent of GDP for the April-June period, the Reserve Bank said on Thursday. The net external commercial borrowings to India recorded an inflow of USD 5.6 billion in the quarter compared to an outflow of USD 2.9 billion a year ago, the RBI said The current account deficit, …

India’s external debt rises to $629.1 billion at end-June 2023: RBI
1 year, 3 months ago

India’s external debt rises to $629.1 billion at end-June 2023: RBI

The Hindu  

India’s external debt at end-June 2023 was placed at $629.1 billion, recording an increase of $4.7 billion over its level at end-March 2023 according to data released by the Reserve Bank of India on September 28. Excluding the valuation effect, external debt would have increased by $7.8 billion instead of $4.7 billion at end-June 2023 over end-March 2023. Net outgo …

Cleaning up of NPA mess will propel the economy
1 year, 5 months ago

Cleaning up of NPA mess will propel the economy

Hindustan Times  

To understand the complexities of India’s banking sector, one needs to grapple with a term that tends to recur with unsettling regularity – non-performing assets. The gross NPA ratio of scheduled commercial banks stood at 4.9%, and ₹66.6 lakh crore in March 2014 were bad loans. The National Democratic Alliance government took several steps to address the NPA problem, including …

Banks’ margin party is drawing to a close
1 year, 6 months ago

Banks’ margin party is drawing to a close

Live Mint  

The stellar rebound in India’s banking sector performance has been in focus in the recent quarters. Much of this is owing to the robust systemic bank credit growth and the sharp rise in lending rates, resulting in a significant improvement in the net interest margins of banks in the backdrop of RBI’s monetary tightening. As per RBI data, SCBs’ weighted …

Foreign Portfolio Investment in Indian equities drop 11% to $542 bn in January-March quarter
1 year, 7 months ago

Foreign Portfolio Investment in Indian equities drop 11% to $542 bn in January-March quarter

The Hindu  

The value of Foreign Portfolio Investment in Indian equities was at $542 billion in the March quarter of 2023, a decline of 11% from the preceding year, largely due to the exodus of foreign money from the domestic market, according to a Morningstar report. On a quarter-on-quarter basis, the value of FPI in Indian equities fell by 7% from $584 …

Mortgages race past corp loans as lenders chase home buyers
1 year, 8 months ago

Mortgages race past corp loans as lenders chase home buyers

Live Mint  

MUMBAI : Banks in India disbursed more loans to home buyers than corporate borrowers in FY23, indicating robust demand for mortgages despite the rise in interest rates. Most banks have been aggressively chasing home loan customers, resulting in incremental housing loans of ₹2.5 trillion in FY23, the highest in at least 15 years, RBI data showed. The state-owned lender reported …

EMIs to go up soon as Bank of Baroda hikes lending rates by 5 bps from 12 April
1 year, 8 months ago

EMIs to go up soon as Bank of Baroda hikes lending rates by 5 bps from 12 April

Live Mint  

One of the leading public sector lenders, Bank of Baroda has hiked its benchmark lending rates by 5 basis points on various tenures. With effect from April 12, the bank will raise the Marginal Cost of Funds Based Lending Rate by 5 bps on overnight tenure to 7.95%. As per the regulatory filing, in Q4FY23, the bank's total deposits stood …

Indian Companies Raise Rs 5 Lakh Crore Via Equity, Debt In April-November
1 year, 11 months ago

Indian Companies Raise Rs 5 Lakh Crore Via Equity, Debt In April-November

News 18  

Indian companies mobilised Rs 5.06 lakh crore through the equity and debt routes during April-November 2022, a drop of 8.5 per cent from the year-ago period, according to the latest Economic Survey 2022-23. Funds totalling Rs 3.92 lakh crore were mopped up from the debt market and Rs 1.14 crore came in through the equity route, as per the data …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
1 year, 11 months ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

Keep an eye on these economic indicators in 2023
2 years ago

Keep an eye on these economic indicators in 2023

Live Mint  

Global headwinds, tightening monetary policy and the lingering effects of the pandemic have combined to create a gloomy global outlook. In its December bulletin, the Reserve Bank of India said that with balance of risks being tilted towards a darkening global outlook and emerging markets appearing more vulnerable, the Indian economy needs support from domestic growth drivers. Sectoral deployment of …

Indian banks to see record credit growth of over ₹19 trillion in FY23: Icra
2 years ago

Indian banks to see record credit growth of over ₹19 trillion in FY23: Icra

Live Mint  

New Delhi: Indian banks are likely to witness a record high credit growth, surpassing the ₹19 trillion in the current fiscal year, domestic rating agency Icra said on Monday. Further, the growth momentum is expected to remain strong in FY2024 as well, even though rising interest rates and tight liquidity conditions could moderate the growth,” said Anil Gupta, senior vice …

Economy resilient, on course to acheive 7% growth in FY23: RBI article
2 years, 1 month ago

Economy resilient, on course to acheive 7% growth in FY23: RBI article

The Hindu  

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient and on course for about 7% GDP growth in the current fiscal though India is still sensitive to global headwinds, according to an article released by the RBI on Friday. In the article, the authors - led by RBI Deputy Governor Michael Debabrata …

HDFC Q2 PAT rises by 18% yoy to ₹4,454 cr, beats estimates
2 years, 2 months ago

HDFC Q2 PAT rises by 18% yoy to ₹4,454 cr, beats estimates

Live Mint  

NBFC-giant HDFC garnered a net profit of ₹4,454. However, according to HDFC's financial audit report, the PAT in Q2FY23 stood around ₹5,414 crore compared to ₹ 4,671 crore in the corresponding quarter of the previous year. As of September 30, 2022, HDFC's assets under management came in at ₹6,90,284 crore as against ₹ 5,97,339 crore in the previous year. Meanwhile, …

MSME sector records credit growth of 14% in 2022-23, says SBI Research report
2 years, 5 months ago

MSME sector records credit growth of 14% in 2022-23, says SBI Research report

Firstpost  

SBI Research said in its weekly report ‘Ecowrap’ that the sector has expanded by Rs 52,800 crore against degrowth of Rs 61,000 crore during the similar period of the previous year New Delhi: Credit growth to the Ministry of Micro, Small & Medium Enterprises sector has expanded by Rs 52,800 crore in the current financial 2022-23 year against degrowth of …

HDFC Bank Q1 results: Net profit jumps 19% to ₹9,196 crore; NII rises 14.5%
2 years, 5 months ago

HDFC Bank Q1 results: Net profit jumps 19% to ₹9,196 crore; NII rises 14.5%

Live Mint  

HDFC Bank Q1 FY23 Results: HDFC Bank, the country's largest private lender, on Saturday reported a 19% year-on-year rise in its net profit for the April-June quarter at ₹9,196 crore after providing ₹2,984.1 crore for taxation. HDFC Bank had posted a net profit of ₹7,729.64 crore in the year-ago period. Net interest income for the June quarter grew by 14.5% …

HDFC Bank Home Loan, Car Loan EMIs to Increase Soon: Lender Hikes MCLR Rates by 20 Bps
2 years, 6 months ago

HDFC Bank Home Loan, Car Loan EMIs to Increase Soon: Lender Hikes MCLR Rates by 20 Bps

News 18  

HDFC Bank MCLR Rate Hike: Customers of India’s largest private sector lender HDFC Bank are likely to have to shell out more money as interest if they have taken any loan from the lender. HDFC Bank MCLR rates for overnight, one month and three months have been hiked to 7.70 per cent, 7.75 per cent and 7.80 per cent, hiked …

Savers financed 10-yr high corporates profits
2 years, 6 months ago

Savers financed 10-yr high corporates profits

Live Mint  

Earnings of listed corporates touched 4% of gross domestic product in FY22. The last time net profits of listed corporates to the GDP ratio was anywhere as high was in FY12 at 4% of GDP. View Full Image Massive jump In absolute terms, net profits of listed corporates in FY22 stood at ₹9.5 trillion, against ₹5.6 trillion in FY21, a …

IFC makes debt investment in microfinance lender CreditAccess Grameen
2 years, 7 months ago

IFC makes debt investment in microfinance lender CreditAccess Grameen

Live Mint  

NEW DELHI: International Finance Corp., the private investment arm of the World Bank, has proposed to make a debt investment of up to $50 million in listed microfinance firm CreditAccess Grameen Ltd. "The proposed IFC investment comprises a senior debt investment of up to $50 million in CreditAccess Grameen Limited for a 3-year tenor. Targeted for on-lending to straight senior …

HDFC Bank Deposit Grows 16.8%, Advances Up 20.8% in Mar quarter
2 years, 9 months ago

HDFC Bank Deposit Grows 16.8%, Advances Up 20.8% in Mar quarter

News 18  

HDFC Bank on Sunday said its deposits have risen 16.8 per cent y-o-y to Rs 15.59 lakh crore and advances have witnessed a 20.85 per cent jump year-on-year to Rs 13.69 lakh crore in the March 2022 quarter. Sequentially, deposits during the March 2022 quarter have registered a growth of 7.82 per cent, highest in 12 quarters, compared with Rs …

HDFC Bank reports 14% increase in Q1 net, performance hit by second COVID-19 wave
3 years, 5 months ago

HDFC Bank reports 14% increase in Q1 net, performance hit by second COVID-19 wave

The Hindu  

HDFC Bank’s consolidated net profit for the June quarter increased 14% to ₹7,922 crore, but the largest private sector lender reported reverses because of the second wave of the pandemic which compressed its growth. Its core net interest income grew 8.57% to ₹17,009 crore on advances growth of 14.4% and the net interest margin coming at 4.1%, while the other …

India Inc's foreign borrowings jump 24% to $9.23 bln in March
3 years, 8 months ago

India Inc's foreign borrowings jump 24% to $9.23 bln in March

The Hindu  

India Inc's external commercial borrowings jumped by over 24 per cent to USD 9.23 billion in March this year, RBI data showed. IRFC raised a total of USD 3.33 billion in three tranches for the purpose of infrastructure development, while ONGC Videsh Rovuma Ltd borrowed USD 1.6 billion for overseas acquisition. Among the top borrowers in the automatic route, Adani …

India Records 0.2% Current Account Deficit in December Quarter
3 years, 9 months ago

India Records 0.2% Current Account Deficit in December Quarter

News 18  

India’s current account swung to a deficit for the first time in the current fiscal, with the gap coming at USD 1.7 billion or 0.2 per cent of the GDP in the December quarter. The critical measure of a country’s external strength now stands at a surplus of 1.7 per cent of GDP for the first nine months of the …

India's GDP growth turns positive, but experts caution against celebrating 0.4% growth
3 years, 10 months ago

India's GDP growth turns positive, but experts caution against celebrating 0.4% growth

India Today  

Though India’s economic health continues to slowly improve, a comprehensive recovery is yet to be seen. It had contracted by 23.9 per cent in April-June 2020 and by 7.5 per cent in July-September 2020; in the October-December 2020 period, it grew 0.4 per cent. The Finance Ministry’s Economic Survey 2020-21 projects that India’s real GDP growth in FY22 will be …

Tamil Nadu’s borrowing touch ₹82,000 crore in FY2020-21
3 years, 10 months ago

Tamil Nadu’s borrowing touch ₹82,000 crore in FY2020-21

The Hindu  

Tamil Nadu’s market borrowings has touched ₹82,000 crore in FY2020-21, up 37% from ₹59,990 crore in the comparable period last year. On Tuesday, Tamil Nadu raised ₹2,500 crore through re-issue of a 10-year bond also called as State Development Loans. Tamil Nadu, Maharashtra, Uttar Pradesh, Karnataka, Rajasthan and Andhra Pradesh have been the top six borrowing states, accounting for 53% …

HDFC Q3 net profit declines 65% to ₹2,926 cr
3 years, 11 months ago

HDFC Q3 net profit declines 65% to ₹2,926 cr

Live Mint  

Housing Development Finance Corporation Limited on Tuesday reported 65% decline in net profit at ₹2,926 crore for the quarter ending 31 December, 2020. However, the corporation said that profit numbers for the quarter and nine months ended December 31, 2020 are not comparable with that of the corresponding quarter/period of the previous year. "To facilitate a like-for-like comparison, after adjusting …

Market Wrap, Feb 1: Here's all that happened in the markets today
3 years, 11 months ago

Market Wrap, Feb 1: Here's all that happened in the markets today

Business Standard  

No tinkering with the direct taxes, capital gains taxes or security transaction tax, and no announcement of Covid tax on super-rich left bulls untamed at the bourses who managed to entirely reverse previous week's losses and clock the sharpest-ever Budget rally, in absolute terms, on Monday. Budget proposals nudged sectors like financials, insurance, and infrastructure with shares of financials including …

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?
4 years ago

Data | Why did bad loans in banks reduce despite COVID-19 and economic downturn?

The Hindu  

The ratio of Gross Non-Performing Assets in Indian banks decreased in FY20 and FY21 despite the impact of COVID-19 and the economic downturn that preceded it. This was mostly due to three factors: 1) Banks wroteoff relatively more NPAs in FY20 to clean their balance sheets; 2) Some large NPA accounts got resolved through debt-recovery channels; and 3) It is …

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