Banks have to currently invest 20.75% of their deposits into government securities which is called SLR.
IndusInd’s vehicle loans, including for motorcycles, cars and trucks, rose 22% year on year, while credit cards, personal loans, loans against property increased 42%.
"Utkarsh is also in process of completing secondary transactions by providing complete/partial exit to few funds which have been part of company's growth journey for more than 5 years," the company said.
IDFC Bank's acquisition of Tamil Nadu-based microfinance company Grama Vidiyal in July will give it access to 330 branches across seven states, which it will use to sell more products.
JM is among the top deal makers despite the fact that multinationals like Citibank, JPMorgan and Bank of America-Merrill Lynch dominate the scene.
Public sector banks have made a killing selling bonds at high prices, which will be accounted for in the results for the second quarter of FY17.
"I agree that the transmission to bank borrowers has been less than what anyone of us would have liked it to be. And we are hoping that over the next quarter or two."
One year lending rate of the bank is now 9.05% while the one month and three month rate is identical at 8.85%.
The rupee rose to 66.39 per dollar after the RBI’s rate cut on expectations that the cut will boost credit and give a fillip to economic growth.
The ratio of upgrades to downgrades improved to 1.2x compared to 0.8x as Crisil upgraded 646 ratings and downgraded 553 in the first half of the fiscal.
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