India has the highest population globally, and this partnership holds immense promise in offering affordable financing solutions for safe water and sanitation solutions to the masses.
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This essentially means that 97.26 per cent of the total value of the high-value Rs 2,000 banknotes are back in the banking system
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Among major industries, credit growth to basic metal & metal products, food processing and textiles has risen in October 2023, while that of all engineering, chemicals and chemical products and infrastructure has declined
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The bank now offers interest rates ranging from 4.50 per cent to 6 per cent on fixed deposit periods of 7 days to 10 years
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The present rate of interest offered by the Bank is competitive, offering a very attractive return for investment from HNIs, small and mid corporates, NRIs and professionally self employed etc
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In a separate announcement, the central bank stated that the penalty imposed on HDFC Bank is a consequence of breaching guidelines related to the acceptance of deposits from non-residents
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As IDFC First Bank and Hurun India unveil the Top 200 Self-made Entrepreneurs of 2023, Vikas Sharma, Head-Wealth Management & Private Banking, IDFC FIRST Bank, sheds light on the dynamic shift in India's business environment in an interview with BW Businessworld
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Corporate debt servicing, improved from 4.49 in September 2022 to 5.64 in September 2023
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