IDFC First Bank’s loans grow 24.8% YoY in Q2, deposits up 35.9% YoY IDFC First Bank’s customer assets, or advances, rose by 24.8 per cent year-on-year (YoY) basis at Rs 1.45 trillion at the end of September 2022 (Q2 FY23). Sequentially, its asset book expanded by 5.6 per cent over Rs 1.37 trillion at end of June 2022 (Q1 ...

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Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ Loans continued to grow at a healthy pace for private sector banks in the July-September quarter of the current financial year while deposit growth also picked up pace, business figures released by a few lenders showed. HDFC Bank, the largest private sector lending of the country, reported ...

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Fitch affirms Bank of Baroda, subsidiary at ‘BBB-‘ with stable outlook Fitch Ratings has affirmed Bank of Baroda’s (BoB) and its subsidiary Bank of Baroda (New Zealand) Ltd’s long-Term Issuer Default Ratings (IDRs) at ‘BBB-‘. The outlook is stable. The rating action on the public sector lender factors in a high likelihood of sovereign (Government of India) ...

Central govt employees: DA hiked by 4% effective from July 1, 2022; notification issued [ad_1] The Union government, as part of a series of cabinet decisions on September 28, 2022, had announced a hike in dearness allowance (DA) from 34 per cent to 38 per cent for central government employees. The Department of Expenditure (DoE) has issued an office memorandum ...

Rupee rises 29 paise to close at 81.53 against US dollar on FII buying The rupee appreciated by 29 paise to end at 81.53 (provisional) against the US dollar on Tuesday as heavy buying in domestic equities and weakness in the greenback strengthened investor sentiment. However, rising crude prices in the international market capped the rupee’s gain, ...

Punjab National Bank Whatsapp Banking Services: Punjab National Bank: How to activate PNB WhatsApp banking services [ad_1] Punjab National Bank (PNB) has now made WhatsApp banking services available to both its customers and non-customers. Others like SBI and HDFC Bank already have this facility. How to activate PNB banking services on WhatsApp According to a press release issued by PNB, ...

Importance of Financial Planning at an early age [ad_1] In our 20s, planning for the future may seem pointless. YOLO and FOMO become the mantra for living while aspects like marriage, homeownership, child’s education, and retirement planning, seem like vague milestones in the distant future. But 20-somethings must realize that planning for one’s financial future puts them in better control ...

These banks have increased home loan interest rates after the RBI repo hike [ad_1] The Reserve Bank of India (RBI) increased the repo rate once more in an effort to combat inflation. In its latest monetary policy announcement on September 30, 2022, the central bank raised the repo rate by 50 basis points (bps; 100 basis points = 1%) to ...