The bank's total income rose to Rs 158.39 crore (Rs 133.70 crore), according to BoR chairman P K Tayal. "The interest income was up at Rs 120.56 crore (Rs 116.18 crore) while other income swelled to Rs 37.83 crore (Rs 17.52 crore)."
The deposits of the bank recorded a 27.3-per cent rise and the cost of deposits has reduced to 5.75 per cent from 7.21 per cent.
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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