The RBI’s opposition to ARCs becoming resolution applicants (RA) could scuttle not just the Aircel plan but that of others such as Reliance Communications (RCom) as well. This would hurt state-run banks such as SBI, since they are the biggest lenders to companies that ARCs are looking to acquire in insolvency cases. from Stocks-Markets-Economic Times https://ift.tt/3joZLeO
The merger of HDFC with HDFC Bank has led to a significant increase in credit growth figures for July, reaching 19% compared to 14.5% the previous year. However, without the merger, loan growth only amounted to 14.7%. Retail loans saw a rise of 18.4% in July, with housing and vehicle loans supporting the increase. from Stocks-Markets-Economic Times https://ift.tt/IAux3cF
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