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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
(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
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