by TEXTILE VALUE CHAIN | Feb 20, 2024 | Finance & Economy, News & Insights
Synopsis • Credit offtake continued to grow, increasing by 20.3% year-on-year (y-o-y) to reach Rs. 160.4 lakh crore, for the fortnight ending January 26, 2024. This rise was due to the impact of HDFC’s merger with HDFC Bank along with the growth in personal loans. If...
by TEXTILE VALUE CHAIN | Feb 10, 2024 | Finance & Economy, News & Insights
Synopsis • Net Interest Income (NII) of Private Sector Banks (PVBs) grew by 16.8% year-on-year (y-o-y) to Rs. 0.85 lakh crore in Q3FY24 due to healthy loan growth, merger, and a higher yield on advances over the year-ago period. o PVBs reported a robust rise in...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | Finance & Economy
Xapo Bank highlights strong appetite since enabling USDC deposits in November, receiving $48 Million in USDC deposits and enabling $4.5M in USDC withdrawals since the function went live in March Xapo Bank, a fully licensed private bank that combines traditional...
by DIGITAL MEDIA EXECUTIVE | Apr 27, 2023 | Finance & Economy
Synopsis Credit offtake rose by 15.7% year on year (y-o-y) for the fortnight ended April 07, 2023. In absolute terms, credit offtake expanded by Rs.18.8 lakh crore to Rs.138.5 lakh as of April 07, 2023. The growth has been driven by personal loans, robust growth...
by DIGITAL MEDIA EXECUTIVE | Apr 12, 2023 | Textile Technology
People today demand customization for everything, including their meals, trips, purchases, and services. Nothing makes people happier than being able to customise the product or service they choose. Textile design is one of the many things that may now be customised...
by DIGITAL MEDIA EXECUTIVE | Apr 3, 2023 | Trade Analysis
Beginning on April 1, the Central Board of Indirect Taxes and Customs (CBIC) will gradually make the Electronic Cash Ledger (ECL) available to importers and exporters. Every assesset must keep an electronic cash ledger in the customs portal in accordance with Section...
by DIGITAL MEDIA EXECUTIVE | Mar 3, 2023 | Finance & Economy
Synopsis • In January 2023, the rate of increase for deposit rates as well as lending rates on fresh loans continued in double digits. o The weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 12 basis points (bps) from 8.88% in December...