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Q2 Earnings: HDFC Bank’s Profit Meets Estimates, Asset Quality Stable

HDFC Bank Ltd’s quarterly profit met analysts’ estimates on the of back stable asset quality and healthy fee income. Net profit rose 20.6 percent year-on-year in the second quarter to Rs 5,005.7 crore, the country’s largest private lender by market value said today. That compares with the Rs 5,033-crore consensus estimate of analyst tracked by … Continue reading Q2 Earnings: HDFC Bank’s Profit Meets Estimates, Asset Quality Stable

India’s Richest Brothers and How they Grew $41 Billion Apart

(Bloomberg) — Over the past year, the fortunes of the two brothers at the helm of India’s wealthiest dynasty have grown apart — to more than $40 billion apart. Elder sibling Mukesh Ambani, 61, toppled China’s Jack Ma as Asia’s richest man, after driving a telecommunications revolution in India that propelled his petrochemicals conglomerate Reliance … Continue reading India’s Richest Brothers and How they Grew $41 Billion Apart

RBI Makes Another Attempt To Kick-Start Fund Flow To NBFCs

The Reserve Bank of India has announced more steps to try and restart the flow of credit to non-banking financial companies. The measures come against the backdrop of continued concerns that NBFCs are facing a credit crunch, with market borrowings drying up and banks reluctant to lend to the sector. In a notification on Friday … Continue reading RBI Makes Another Attempt To Kick-Start Fund Flow To NBFCs

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