Despite margin, deposit growth challenges and increasing vigil by the RBI, Andrew Holland, CEO, Avendus Capital, told ET Now, is staying put. Holland does not see a change very soon, adding that "all the fun and action is in the PSU banks".
The RBI has kept the repo rate steady since February 2023 and is expected to continue doing so. The policy will be closely tracked for cues to a future rate cut
The RBI approval for acquiring a stake in IndusInd Bank is intended for investments by HDFC Bank s Asset Management Company (AMC) and Life Insurance arms.
Asian Development Bank and Tata Cleantech Capital are the other financiers. The company did not provide a break up of how much of the funding was in the form of debt and what component was an equity investment. ET had reported on 18 January that SAEL Industries was close to finalising a $1 billion funding. DFC recently financed Adani Ports and Special Economic Zone with a $550 million loan for its port terminal project in Sri Lanka.
Many liquid and overnight mutual fund schemes give back your money within a few seconds, if they offer the Instant Access Facility or Instant Redemption facility. This helps if you need urgent cash and it’s a weekend or a public holiday. This facility is only available with liquid and overnight mutual fund schemes, as per SEBI rules
From his admiration for Maggi noodles to the 'holy grail of a marketer'`, Subharwal, chief marketing officer and group head strategy, HDFC Life spills the beans in this edition of CMO's MO
As of December end, there were 539 mutual fund schemes, with a total investment of Rs 2.17 lakh crore in the lender. HDFC Bank has the highest weightage in the Nifty 50 index among all the stocks, at 13.52 percent.