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'Mobilising deposits & cyber security key challenges for banks' - Banking & Finance News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Keki Mistry says: “Retail credit is the fastest growing. Retail credits would include housing loans, credit cards, personal loans, car loans, all of that. For the first time in recent times, I have seen that the average Indian, the middle class Indian is not averse to borrowing money to consume, to spend, which is very different from what we used to see in India 20, 30, 40 years ago.”
“People are still not seeing any concern or any deterioration in terms of asset quality as far as the unsecured loans are concerned. So, to my mind, this is a precautionary measure by the RBI, a welcome precautionary measure, given that this kind of lending has increased so much in the system.”
Non-alcoholic beverage industry is going through a bit of a renaissance: Ankur Bhatia adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Keki Minoo Mistry was the CEO and Vice Chairman of HDFC Ltd since 2010. Post its merger with HDFC Bank, he joined the bank as an additional and Non- Executive Director (Non-Independent) on June 30, 2023. He is also the Non-Executive Chairman of HDFC Ergo General Insurance Company Limited.
“The Indian bond market is mature enough to deal with the resultant volatility. I do not think that is an issue at all. Obviously, this is a huge opportunity because it makes borrowing from overseas that much easier, that much more cheaper. It will also help shore up foreign exchange reserves.”
India will enter the global bond index with a 10% weight cap and other smaller JPM EM indices in a staggered manner over a 10-month period beginning June 28, 2024. According to market experts, this could prompt around $30 billion of passive inflows.
The dollar index (DXY) is hovering around 105.60 while the US 10-year bond yield is at a 15-year-high of 4.50% with Asian currencies remaining weak. He is expecting the rupee to be in a range of 82.70-83.30 against the USD over the next few days
Keki Mistry Joins Cyrus Poonawalla Group As Strategic Advisor For Financial Services businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.