HDFC & ICICI banks go slow on retail loans

MUMBAI: The country’s largest and second-largest private banks, HDFC Bank and ICICI Bank, continued to be cautious in expanding their personal loan books in Q2, particularly in the unsecured segment.HDFC Bank’s retail loans rose 7.4% year-on-year and 2.2% quarter-on-quarter to Rs 15,55,400 crore, MD & CEO Sashidhar Jagdishan said in the earnings call. He emphasised…

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Argentina-US deal: Buenos Aires formalises $20 billion currency swap pact with Washington; Javier Milei gets pre-poll boost

File photo: US President Donald Trump with Argentina’s President Javier Milei (Picture credit: AP) Argentina’s central bank on Monday formalised a $20 billion currency swap agreement with the United States in a move aimed at “contributing to Argentina’s economic stability,” the bank said in a statement. The accord, backed by the administration of US President…

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What to Know About the ICE Raid at a Hyundai Plant

new video loaded: What to Know About the ICE Raid at a Hyundai Plant ICE and other law enforcement agencies detained nearly 500 workers in Georgia in September. Farah Stockman, who covers manufacturing for The New York Times, describes the fallout from the incident and what could be next for foreign factory investments in the…

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Explained: Why Goldman Sachs is bullish on Indian banks – all you need to know

Global brokerage Goldman Sachs has turned optimistic on Indian banking stocks, saying improving financial conditions, low earnings expectations, and attractive valuations position the sector for a strong comeback.As per ET, the firm expects the Nifty Bank index to outperform the broader market, projecting up to 30% upside for banks and non-banking financial companies (NBFCs). Easier…

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RBI bulletin: Indian economy remains resilient amid global uncertainty; inflation eases, FDI inflows moderate

The Indian economy has demonstrated resilience despite global uncertainty and weak external demand, supported by “strong and durable macroeconomic fundamentals,” according to the Reserve Bank of India’s (RBI) October bulletin released on Monday. The bulletin’s article on the ‘State of the Economy’ highlighted that India’s growth momentum continues, with signs of revival in urban demand…

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