At least six private banks reported robust loan growth in the three months to June, driven by corporate lending, as high bond yields make market funding less attractive. HDFC BankLtd., India’s largest private lender by assets, reported a nearly 19% jump i... See more
Home India SBI raises over $1.5 bn in foreign currency deposits from overseas citizens India SBI raises over $1.5 bn in foreign currency deposits from overseas citizens State Bank of India has gotten $1.5 billion from overseas foreign-currency deposits as... See more
State Bank of India has so far raised more than $1.5 billion from foreign-currency deposits under a special facility launched last month for overseas citizens, people familiar with the matter said.The demand reflects the program’s attractive returns. Sinc... See more
India and the World Bank Group announced an agreement earmarking $8 billion to $10 billion in annual financing over five years.India is said to be in talks with multilateral lenders to secure about $2.5 billion in funding from existing credit lines as New... See more
Home India RBI assesses impact of Iran war on Indian companies amid rising oil... India RBI assesses impact of Iran war on Indian companies amid rising oil prices The central bank and rating agencies are evaluating risks from higher fuel costs, supply dis... See more