Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday
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Total income for the reviewed quarter reached Rs 9,171.16 crore, marking a robust growth of 19.6 per cent compared to Rs 7,665.59 crore in the corresponding period last year
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The State of the Economy report of the central bank said that inflation needs to align with the targets by the second quarter of this year and get anchored there to achieve 7 per cent GDP growth in FY25
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Factors impeding the recovery included the enduring effects of the pandemic, the Ukraine conflict, increased geo-economic fragmentation, monetary policy tightening, and extreme weather events
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The bond issuance witnessed significant investor interest, with bids totaling Rs 5,294 crore, surpassing the base issue size of Rs 2,000 crore by almost 2.65 times
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Lenders had divided the company's assets into three clusters, the company's stakes in insurance ventures, textile businesses and other residual stakes
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This move aligns with a broader trend observed among banks like HDFC Bank, J&K Bank and Karnataka Bank, all expanding their presence in the area, including additional branches and ATMs
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Rajinder Kumar Babbar, currently serving as the Group Head – Transportation, Infrastructure, and Tractor Finance Group at HDFC Bank, brings 35 years of banking experience to the role
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