In the fiscal year 2023, the banking sector experienced strong credit growth, with a YoY increase of approximately 17%. However, the growth rate of deposits was slower, at around 11% YoY. In order to maintain an adequate Credit Deposit Ratio (CDR) and a regulatory Liquidity Coverage Ratio (LCR) of 100%Read More →
Tata Consultancy Services: Tata Consultancy Services (TCS) posted healthy growth in Q4 of FY23, however, it broadly missed the street’s expectations for the quarter. In Q4FY23, TCS posted 14.8% YoY and 5.03% QoQ growth in consolidated net profit to ₹11,392 crore. Revenue from operations stood at ₹59,162 crore up byRead More →
Here is the list of the top 10 stocks that will be in focus today: HDFC Ltd: World Bank’s investment arm, International Finance Corporation (IFC) has proposed to make a $400 million loan to mortgage lender HDFC Ltd, with an aim to drive India’s green housing growth. The capital willRead More →
