Banks see revival in credit growth in December quarter
“HDFC Bank’s provisional business data is encouraging given the strong momentum in relatively higher yielding retail, commercial segment and CASA,” said Darpin Shah, VP, Haitong Securities. “We believe the improvement in these parameters is expected to drive net interest margins.”
RBI cancels CoA of Muthoot Vehicle & Asset Finance and Eko India Financial ServicesThe Reserve Bank of India on Tuesday in a press release stated that the Certificate of Authorisation (CoA) of Payment System Operators (PSOs) Muthoot Vehicle and Asset Finance Limited and Eko India Financial Services Ltd has been canceled.
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