The year-on-year growth in credit offtake rose sharply to over 16% by the end of March 2024, up from below 6% in March 2021, excluding the impact of the HDFC and HDFC Bank merger. Meanwhile, deposit growth increased modestly to around 13% from 11% during the same period. To attract deposits, banks raised deposit rates faster than the interest rates on loans, which has exerted pressure on net interest margins.
Posts in category Economic Times
These 5 midcap stocks hit fresh 52-week highs and rallied up to 15% in a month (26-09-2024)
Hitting a 52-week high is significant as it marks the highest price a stock has reached in the past year, offering valuable insights for traders and investors.
Accenture’s AI business takes center stage in quarterly results beat (26-09-2024)
IT services major Accenture unveiled a $4 billion share buyback on Thursday, closing the fourth quarter with better-than-expected results thanks to strong demand for its services that help businesses adopt generative AI technology.
US stocks open higher on AI euphoria after Micron’s upbeat forecast (26-09-2024)
US stocks opened higher on Wednesday, with the Dow Jones Industrial Average rising 0.47% to 42,113.42, the S&P 500 gaining 0.70% to 5,762.22, and the Nasdaq Composite leading the way with a 1.36% increase to 18,327.34.
Rupee weakens to Rs 83.642 per dollar; Powell remarks in focus (26-09-2024)
Foreign investors have purchased over $10 billion worth of Indian stocks and bonds so far in September, marking the strongest monthly inflow this year, according to data from the National Securities Depository Ltd.
Tech view: Nifty gives decisive breakout, aiming for 26,900 level. How to trade tomorrow (26-09-2024)
Call options saw the highest open interest at strike prices of 26,250 and 26,300, whereas put options had the highest open interest at 26,200 followed by 26,100.
Technical Breakout Stocks: How to trade ITC, Blue Star, Bikaji Foods & Tata Power on Friday? (26-09-2024)
Buying activity was observed in FMCG, manufacturing, metal, and auto sectors, while power, capital goods, consumer durables, and healthcare stocks faced selling pressure.
Sebi amends rules; introduces fixed price process for voluntary delisting (26-09-2024)
Markets regulator Sebi has notified rules allowing companies to delist shares through a fixed price mechanism as an alternative to the reverse book building process, a move aimed at facilitating ease of doing business for listed firms. Under the Reverse Book Building (RBB) process, a firm planning to delist its shares from the stock exchange needs to initiate the process by making a public announcement.
Sebi cuts listing time to T+3 working days for public issue of debt securities (26-09-2024)
Sebi on Thursday decided to reduce the timeline for listing of public issue of debt securities to three working days from six days at present, to facilitate faster access to funds. This new timeline will be optional for the first year and mandatory thereafter.