Page 82 - Abhijit Lele

Moody's ups India growth estimates to 9.5% in CY2022 on stronger recovery

In its update on Global Macro Outlook 2022-23 today, Moody's said sales tax collection, retail activity and Purchasing Managers Index suggest solid momentum

RBI may not tinker with key rates in FY22 due to Omicron spread

May nudge market rates by managing liquidity

Bond yield rises nearly 6 basis points to a 24-month high of 6.52%

This raises the prospects of higher lending rates

Large, mid-sized banks report 11-23% loan growth in December quarter

Commercial banks in India as a group posted 7.3 per cent year-on-year growth till the middle of December 2021

Bank of Maharashtra's loan book grows 23% to 1.29 trn in Dec quarter

Pune-based bank's deposits expanded by 15.21 per cent to Rs 1.86 trillion as of December 31, 2021

HDFC Bank's loan book grows by 16.4% to Rs 12.6 trn in December quarter

HDFC Bank's retail loans grew by around 13.5 per cent yoy and 4.5 per cent over September 2021 based on its internal business classification.

Three small, mid-sized banks post 4.9-12% credit growth in Dec quarter

Commercial banks in India as a group posted 7.3 per cent (Y-o-Y) growth till the middle of December 2021, according to Reserve Bank of India (RBI) data.

Home loans assigned by HDFC to HDFC Bank in Q3 up marginally at Rs 7,468 cr

The mortgage lender keeps liquidity buffers worth Rs 55,000 cr

Federal Bank Q3 advances up 12% YoY, top those of most other lenders

Its pace of loan book expansion was higher than the 7.3 per cent YoY growth shown by commercial banks in India as a group till middle of December 2021

ICRA places RBL Bank ratings under watch with developing implications

ICRA will continue to monitor the developments related to the deposit levels as this could have a material impact on the liquidity position of the bank

Sumitomo Mitsui completes acquisition of 74.9% stake in Fullerton India

Fullerton India's management team will continue to operate under the leadership of current Managing Director and Chief Executive Shantanu Mitra, the company said

KKR names K V Kamath as Sr Advisor for India business with immediate effect

The global investment firm looks to add value to its portfolio companies through access to its substantial network and the expertise of industry specialists

Ujjivan SFB stays in red, net loss widens in Q2 to Rs 274 cr sequentially

Provisions stay elevated in Q2; though lower than Q1

Six Indian companies out of potential fallen angels list, says Moody's

Upgrade of India outlook, easing of Covid-19 pandemic effect trigger action

Is the sparkle returning? Banks are now better placed to handhold India Inc

The growth instinct appears to have taken root, and banks are now better placed to handhold India Inc

Subsidiary disbursed 84,000 loans without customer consent: IndusInd

Glitch at Bharat Financial Inclusion Ltd rectified immediately and independent probe will fix lapses, says IndusInd.

Delay in getting strategic investor a concern for Rel Gen: Brickworks

RGICL faces competition from the private as well as public sector general insurance companies in India

ICRA upgrades tier I, II bonds of Canara Bank and Punjab National Bank

The solvency is expected to get a further boost from expectations of steady internal capital accruals, the rating agency said in a statement

Reform IBC ecosystem for quicker resolution, maximum recovery: CRISIL

Only a few large cases have seen higher recovery, says agency.

SBI net profit surges 67% to record Rs 7,627 crore in Sept quarter

Net interest income of the lender jumped 10.65 per cent YoY to Rs 31,184 crore from the same period last year