Despite these inflationary pressures, the RBI has opted for a status quo on the repo rate, primarily to support economic recovery post-pandemic
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The report estimates that PSBs' Profit After Tax (PAT) will decline by 0.6 per cent quarter-on-quarter (QoQ), while showing a stronger year-on-year (YoY) growth of 17.2 per cent
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About 14-22 per cent of banks' term deposits are set to mature in less than a year, with the majority--65-70 per cent--maturing in 1-3 years. This means that banks won't immediately benefit from lower interest costs on deposits, which could further squeeze their margins
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Kaizad M. Bharucha on HDFC Bank’s flagship CSR programme Parivartan (“Change” in Hindi), and how it has made a profound impact on the lives of over 10 crore people, embodying progress and positive transformation
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The key details of the merger include the appointed date of 30 September 2024, for the merger of IDFC Financial Holding Company (IDFC FHCL) into IDFC
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The GNPA ratio now stands at 2.8 per cent, a reduction from 3.8 per cent a year ago. This drop is primarily due to lower slippages, higher recoveries, and steady write-offs over the last year
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This report captures disbursement trends from 33 Face members for Q1FY 24-25 and reveals that the disbursement volume and value grew YoY by 15 per cent and 27 per cent, respectively
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The RBI projects a 4.5 per cent CPI or retail inflation 2024-25 ending March 2025
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