According to P.K. Das, Chairman and Managing Director, IREDA sanctioned loans totaling Rs 37,354 crore and disbursed Rs 25,089 crore, marking the highest figures in the company’s history
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While sales in the luxury segments are expected to be strong, those looking for homes in the affordable segment may put off buying homes as they are the most price sensitive
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According to Sitharaman, it was under PM Modi that the banking sector turned around for the better.
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The implementation of the draft guidelines, if carried out in its current form, is anticipated to have limited impact on NBFCs excluding NBFC-IFCs as Tier 1 Capital is expected to reduce by up to 83 bps over 3 years.
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The MLF loan operation also comes days ahead of the finance ministry's scheduled sales of the first batch of 1 trillion yuan in ultra-long-term special treasury bonds.
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RBI instructs both NBFCs to rigorously abide by the Income Tax Act's (IT) cash distribution provisions
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According to CareEdge Ratings, gross bank credit offtake showed a year-on-year increase of 20.2 per cent in March 2024, attributed largely to the merger between HDFC Bank and HDFC
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