Bandhan Bank Q2 update: Lender reports 24.6% growth in total business

Total business of private lender Bandhan Bank increased 24.6 per cent in the second quarter of current financial year, a regulatory filing with the exchanges by the bank said.

Total business of private lender Bandhan Bank increased 24.6 per cent in the second quarter of current financial year, a regulatory filing with the exchanges by the bank said.

After enduring its worst week in two years, with major indices plummeting under the weight of global uncertainty, Indian markets are bracing for a volatile week ahead. With West Asia tensions intensifying, crude prices climbing, and significant foreign portfolio investor…

CRISIL confirmed its short-term fixed deposit rating at CRISIL A1+ and maintained the same for ₹15,000 crore worth of certificates of deposits.

Based on Upstox’s recent valuation of $3.5 billion, his investment could deliver around 23,000% return.

The coming week will see one IPO each from the mainboard and SME blocks, with a combined aim of raising ₹365.5 crore.

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Speaking to CNBC-TV18, Mobius identified real estate as one of the most exciting sectors in India. Mobius believes that “the demand for housing in India will continue to soar,” positioning it as a critical driver of long-term growth.

Ben Powell, Chief Investment Strategist for the Asia-Pacific region at BlackRock Investment Institute said that the broader outlook for India remains positive, with strong economic fundamentals and ongoing reforms driving optimism.

Moody’s economist Harry Murphy Cruise highlights the focus on household consumption as a significant shift, but adds that full implementation is crucial before adjusting growth forecasts.

Total deposits reached ₹1,09,690 crore, up 12.7% from the previous quarter and 12.3% year-to-date following the merger with Fincare SFB on April 1, 2024. Gross advances also rose to ₹96,030 crore, reflecting a 5.9% increase quarter-on-quarter and an 11% rise…