A mixed set of quarterly results, dashed hopes of rate cuts globally, concerns over rich valuations, rising US bond yields and selling by foreign portfolio investors have dragged the BSE Sensex 2,505.02 points, or 3.20 per cent, since the equity benchmark hit a record high of 73,427.59 on January 16, 2024. A few index constituents
India’s HDFC Bank has raised $300 million through its debut sustainable finance dollar-denominated bond issue, the lender said in a release on Wednesday. The country’s biggest private lender by market capitalisation priced its three-year sustainability bond at a yield of 5.196%. This is 95 basis points (bps) over the three-year U.S. Treasury yield, sharply lower
Outstanding retail loans given by banks tipped over the ₹50 trillion milestone for the first time in November 2023, latest central bank data showed. This was aided by demand from individuals, a push by banks and the merger between HDFC Bank and erstwhile mortgage lender Housing Development Finance Corp. Ltd (HDFC). Outstanding retail loans given