Bank deposits shrink as lenders cut high-cost bulk funds amid FCNR inflows
Aggregate deposits decline by ₹6,534 crore and bank credit by ₹70,639 crore in the fortnight ended August 15; credit-deposit ratio moderates to 81.72 per cent
Profit by knowlytics
Uncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.
Aggregate deposits decline by ₹6,534 crore and bank credit by ₹70,639 crore in the fortnight ended August 15; credit-deposit ratio moderates to 81.72 per cent
Friday’s selling wiped out most of the net FPI inflows recorded in August, reducing net buying to ₹454 crore; DIIs purchased equities worth ₹5,184 crore
Flipkart Minutes saw festive shopping grow threefold, while Meesho’s orders rose 36 per cent as convenience, premium gifting and personalisation drove demand
Nepal’s devastating floods have left 320 Indian nationals missing and claimed 547 lives. ICIMOD had previously warned of rising Himalayan glacier disaster risks months before the floods. Penguin Random House India denied dropping Sonia Gandhi’s memoir over editorial changes. Jio Platforms received Sebi approval for its substantial $3.8 billion IPO. Annamalai questioned the CBFC’s clearance…
Home Minister Amit Shah marked Raksha Bandhan by spending time with young girls battling Type 1 diabetes, revealing that the government will provide them with free insulin for their lifetimes. This initiative is designed to alleviate the financial stresses of ongoing treatment, showcasing the government’s dedication to the health and protection of daughters while building…
Mayawati’s Bahujan Samaj Party will contest Punjab’s 2027 elections alone. This move highlights the difficulty of forming a unified Dalit vote bloc. Punjab has India’s highest Scheduled Caste population, yet it remains divided. Mainstream parties like AAP and Congress have appealed across caste lines. The Bahujan Samaj Party’s gamble tests its ability to unite this…
In an effort to enhance patient care, beneficiaries of the Mukh Mantri Sehat Yojana in Punjab are receiving follow-up communications from the 104 Health Helpline. The objective is to collect valuable feedback concerning their treatment journeys and medications. Such insights enable officials to identify potential post-treatment challenges and gauge satisfaction with healthcare services. Furthermore, the…
Uttar Pradesh Chief Minister Yogi Adityanath led Raksha Bandhan celebrations in Lucknow by participating in the Snehbandhan programme, while Haryana Chief Minister Nayab Singh Saini marked the festival at Sant Kabir Kutir in Chandigarh, where schoolgirls tied rakhis to him.
Aurobindo Pharma’s Unit-VI completes USFDA inspection
Computer Age Management Services allots 1.41 lakh equity shares under ESOP