S&P BSE Sensex breached the psychological 62,000 mark on Tuesday after a gap of 145 days and is trading just 2.5% (1,500 points) shy of the all time high of 63,583.07, which the 30-stock index hit on December 1, 2022. Sensex was last seen trading in the 62,000 territory on December 14, 2022. At 12:15 … Read more
Mumbai: Indian lenders, led by HDFC Bank, continued to report strong credit growth in the March quarter on the back of robust pick-up in retail and corporate loans. HDFC Bank Monday said its March-quarter advances climbed 17%, taking its total loan book to ₹16 lakh crore. The lender had a loan book of ₹13.66 lakh … Read more
Limited (HDFC) on Saturday said its life insurance arm has received nod from the pension fund regulator PFRDA for change in shareholding ahead of the merger between and subsidiary HDFC Bank. PFRDA vide its letter dated November 11, 2022 to , has granted its approval for proposed change in shareholding of HDFC Life, sponsor company … Read more
KOLKATA: Fresh home mortgages surged in India over the past two months, in line with the phased unshackling of the economy, indicating that demand remains robust despite the Covid-induced disruptions and income shrinkages. Leading home loan providers, such as State Bank of India, ICICI Bank and Housing Development Finance Corporation said that demand for home … Read more