What is your guidance on your credit-deposit ratio?
The improvement in our bank's CD (credit-deposit) ratio for Q2FY25 is primarily due to an increase in credit growth. In contrast, deposit growth has been relatively lower. When deposit growth lags, a higher credit growth naturally leads to an improved CD ratio.
A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the credit growth. Regarding our deposit growth, over the last three to four quarters, we observed the following trends: In September 2023, deposit growth was only 6 per cent, aligning with a CD ratio of 67 per cent. During that period, we had no immediate need for funds, so we chose not to aggressively pursue deposit growth, especially given the high costs associated with bulk deposits. We are focusing on maintaining our Casa ratio, which has remained around 38 per cent over the past four to five quarters.
What have been the total recoveries made so far?
Diese Geschichte stammt aus der October 25, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 25, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
DIWALI BONUS: Splurge, but also repay costly debt, replenish emergency fund
With Diwali around the corner, companies have started announcing bonuses. Some have been particularly lavish.
Health insurance for newborns: Why is it needed?
To cover hospitalisation costs: Coverage for any necessary hospital stay.
DEATH OF A DELIVERY AGENT
A murder has brought into focus the risks agents face during cash-on-delivery orders
Intel wins legal battle over $1.1 billion EU fine
Intel Corp won the latest round of an epic legal battle with the European Union over a case that led to a oncerecord antitrust fine of ₹1.06 billion ($1.1 billion).
JSW Energy net flat at ₹853 crore
Private power producer JSW Energy reported flat net profit of 853.25 crore (attributable to the owners of the company) in the quarter ended September, 2024 (Q2FY25).
Digital uptick key for Tata Comm targets
Weak Q2, lower margin expectations may weigh on near-term outlook
'Upgradation trend consistent even in rural'
Unilever is focusing harder on its core pillars in the food business in India and is determined to make it grow, company's Executive Officer Hein Chief Schumacher said.
Listed SME capex growing faster than larger players
The concluding part of the series looks at investment sentiment among listed SME companies
Cut in FY25 estimates may keep SBI Life stock under pressure
SBI Life Insurance reported a weak performance in Q2FY25. The annual premium equivalent or APE grew 3 per cent year-on-year (Y-o-Y) to ₹5,390 crore. For the first half of financial year 2024-2025 (H1FY25), it grew 9 per cent Y-o-Y to ₹9,030 crore.
Indian midcaps, smallcaps outshine global peers in '24
This is despite correction in two domestic segments triggered by valuation concerns and geopolitical developments