News for 'ridf'

'MSMEs, mid-corporate will be focus for loan growth'

'As these segments are growing at 25 per cent for the last three years, credit quality has been extremely good.'

Yes Bank Q4 profit doubles to Rs 452 crore

Yes Bank on Saturday reported over two-fold jump in standalone net profit at Rs 452 crore for March quarter 2023-24, primarily due to benefits on the provision front. In the year-ago quarter, the bank logged a profit of Rs 202.43 crore. The private sector lender benefitted from write-back on income tax and interest on income tax returns, but the profits were limited by its inability to comply with the mandatory priority sector lending (PSL) requirements, its management said.

Yes Bank Q1 net profit surges 46.7% on lower provisions

Private sector lender Yes Bank on Saturday reported a 46.7 per cent growth in net profit to Rs 502 crore for the June 2024 quarter, helped by a reduction in provisions. The city-headquartered bank's core net interest income rose 12.2 per cent to Rs 2,000 crore. Its net interest margin stayed flat at 2.4 per cent.

RIDF deposit, lending rates snipped by 2%

More funds for rural infrastructure

The corpus of the Rural Infrastructure Development Fund (RIDF), which is the main instrument of the government to channelise bank funds for financing rural infrastructure, has been increased from Rs 5,500 crore (Rs 55 billion) in 2003-04 to Rs 14,000 crore (Rs 140 billion) for the year 2008-09 ensuring greater availability of funds for its activities.

Rajan frowns on 'subsidising' foreign education loans

Calls for a rethink on why some sectors should get more easy credit than others

Cement: Benefits from thrust on housing and infrastructure

Stocks to watch: ACC, Ambuja Cements, India Cements, Shree Cement, Ultra Tech Cement.

Public banks demands remain largely unmet in Budget

Pulbic banks have no reason to cheer Budget announcement.

Budget unveils initiatives to boost growth, empower India

NDA government has shunned populism.

Budget: Here's what the industry leaders have to say

The industry's reactions to the Budget have been mixed.

Confused about the Budget proposals? Please read this

Indian economy about to take-off