Two major private sector banks, ICICI Bank and HDFC Bank, have reduced their fixed deposit (FD) interest rates once again. This comes after the Reserve Bank of India (RBI) cut its key interest rates for the second time in a row. Following the RBI’s move, several public and private sector banks have been revising their…
Storage solutions provider Aegis Vopak Terminals has raised Rs 1,260 crore crore from 32 anchor investors, allocating over 5.36 crore equity shares ahead of the company’s initial public offering (IPO) which opens on Monday, May 26, 2025. The anchor allocation bid saw participation from global funds like Goldman Sachs, Nomura Trust & Banking Co, Scotland-based…
The Indian financial sector maintained steady performance in Q4 FY25 despite mixed market conditions. Systemic credit growth moderated to 11.1% YoY across banking and NBFC segments, reflecting prudent lending practices. The banking sector’s elevated credit-deposit ratio of 80.5% underscores the continued importance of deposit mobilization to sustain growth momentum. The affordable housing finance segment (HFCs)…