ICRA Ltd

HDFC plans to promote $1.2 billion of loans to plug funds hole

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HDFC Financial institution plans to promote as a lot as ₹100 billion ($1.2 billion) of mortgage portfolios utilizing a debt instrument it not often used, because the nation’s banks devise methods to beat challenges in elevating deposits important to sustaining wholesome margins. The financial institution is in talks with native asset managers together with ICICI … Read more

Medium, heavy CV phase may even see a muted demand in March quarter

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The medium and heavy truck trade will probably expertise a subdued demand within the subsequent three months whilst it could finish the present fiscal with a single-digit development. The Indian industrial car (CV) trade registered a decline of two per cent in retail gross sales volumes year-on-year (y-o-y) foundation and a sequential drop of 5 per … Read more