Private sector banks securitise Rs 40,000 cr of loans this fiscal

November 29, 2024

Private sector banks, led by HDFC Bank, have sold nearly ₹40,000 crore of loans this fiscal to enhance liquidity and balance their books amid slow deposit growth. This marks a significant shift as banks like HDFC Bank, IDFC First Bank, and RBL Bank use loan sales via pass-through certificates and direct assignments to manage credit-deposit ratios effectively.

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Just Dial reported a 43% YoY rise in Q3FY25 net profit to ₹131.31 crore, with revenue up 8.4% to ₹287.33 crore. Sequentially, profit declined 15%.

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34 mutual fund NFOs mobilised Rs 13,852 crore in December

In December, 34 mutual fund NFOs raised Rs 13,852 crore, with 33 open-ended and one close-ended fund. Sectoral and thematic funds led with Rs 11,337

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