January saw Mumbai’s new rupee-loan rates climb, propelled mainly by state-owned lenders. By contrast, rates on existing loans dipped slightly and deposit rates declined a touch. The move unfolds in the RBI’s policy backdrop, after its prior repo-rate reduction.
Yes Bank shares rise 3% after Q2 business update shows loans surging 24% YoY, deposits up 20%
Yes Bank shares rose after the lender reported a 23.8% YoY growth in loans and advances to around Rs 3.1 lakh crore in Q2 FY27.