HDFC Bank Ltd’s business update or the June quarter indicates a healthy year-on-year loan growth of 15.8% to ₹16.15 trillion, mostly driven by its retail loan book, which rose by 20% y-o-y. However, sequential growth was just 0.7%, suggesting that HDFC’s slower loan book growth during the quarter might be the cause. “The NIM is expected to be under pressure …
MILAN — The CEO of Stellantis, the carmaker created from the merger of PSA Peugeot and Fiat Chrysler, said Tuesday that the tie-up will help preserve jobs, factories and the 14 storied brands as billions in annual savings are achieved. Carlos Tavares told a virtual press conference just days after Stellantis’ official birth as a new company that jobs only …
