HDFC Bank Q3 business update: Total deposits grow 15.8% YoY to Rs 25,635,000 crore
On a quarter-on-quarter (QoQ) basis, deposits grew by 2.5% from ₹25,001 billion as of September 30, 2024.
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On a quarter-on-quarter (QoQ) basis, deposits grew by 2.5% from ₹25,001 billion as of September 30, 2024.
ESAF Small Finance Bank continues to focus on enhancing its secured lending portfolio, which constituted 44.35% of gross advances as of December 31, 2024, up from 29.46% in the previous year.
The bank reported a year-on-year (Y-o-Y) increase of 16% in total deposits, which stood at ₹34,496 crore as of December 31, 2024, compared to ₹29,669 crore in the same period last year.
The entire consideration will be paid in cash, with ₹31.91 crores paid to IGE, ₹0.21 crores to Zenox, and up to ₹218.42 crores, including interest.
Retail disbursements for the quarter are expected to reach approximately ₹15,170 crore, marking a 4% year-on-year growth.
The fire caused damage to the building, but the asset was fully insured. Black Rose Industries has already initiated the process of filing an insurance claim to cover the loss. The company has reassured stakeholders that there will be no disruption to its business operations.
In addition to the growth in AUM, Bajaj HFL’s loan assets (AR) stood at approximately ₹95,550 crore as of 31 December 2024, reflecting a strong 30% increase from ₹73,197 crore recorded as of 31 December 2023.
The contract, awarded by the domestic energy giant ONGC, will involve Deep Industries providing the workover rig for operations at the Assam Asset, a crucial region for ONGC's activities.
The most notable acquisition is Vega Jewellers, a partnership firm with an annual turnover of approximately ₹679 crore in FY 2023-24, which will be acquired for up to ₹45 crore.
At present, the company is investigating the cause of the fire and assessing the extent of the damage caused. RPG Life Sciences reassured stakeholders that it has adequate insurance coverage for the affected assets. T
Business assets surged by approximately 18% from December 2023, reaching an estimated Rs. 1,14,900 crore as of December 31, 2024.
Deposits also saw an 11% year-on-year rise, reaching Rs. 4.09 lakh crore as of December 31, 2024, compared to Rs. 3.68 lakh crore in the same period of the previous year.
The Concession Agreement marks a significant step in JSW Infrastructure's expansion within the railway logistics sector.
The CASA (Current Account Savings Account) ratio for domestic operations was 37.96%, and the CD (Credit Deposit) ratio stood at a healthy 74.55%, indicating efficient utilization of funds.
The company plans to invest an additional ₹35 crore in the facility, including working capital.
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