HDFC Bank’s first quarter results show a familiar seasonal dip in fees from distributing third-party products. Cost of funds saw a slight decrease. Loan yields experienced a larger drop due to faster repricing of market benchmark loans. The bank is closely monitoring corporate lending. Larger companies are liquid, leading to competitive rates.
Broad-based revival in rural demand improvement in incomes: Nabard Survey
A NABARD survey reveals a significant boost in rural economic momentum, with 80% of households reporting higher consumption over the past year. This rise in