Monday, October 26
Private sector lender Yes Bank on Friday said its loans and advances rose by 12.6% year-on-year (YoY) to Rs 2,45,035 crore as of December 31, 2024, from Rs 2,17,523 crore in the previous corresponding year. Quarter-on-quarter (QoQ), loans grew by 4.2% from Rs 2,35,117 crore on September 30, 2024.Deposits grew by 14.6% on a YoY basis to Rs 2,77,199 crore from Rs 2,41,831 crore a year ago. On a QoQ basis, deposits remained flat, compared to Rs 2,77,214 crore at the end of September 2024.CASA (Current and Savings Account) deposits surged by 27.6% on a YoY basis to Rs 91,575 crore in December 2024, up from Rs 71,749 crore in December 2023. On a QoQ basis, CASA deposits rose by 3.4%, up from Rs 88,601 crore in September 2024. The CASA ratio improved to 33%, higher than 32% in the previous quart
Three weeks ahead of Trump's inauguration here on January 20, the debate on foreign guest workers visas for highly skilled professionals, the H-1B, has intensified which has literally created divisions in both the Democratic and the Republican parties. Indians are the main beneficiaries of the H-1B visas, which bring in the best of the talent and brains from across the world. Highly skilled professionals from India walk away with the overwhelming number of H-1B visas - which is Congressional mandated 65,0000 every year and another 20,000 for those who received higher education from the US. President-elect Donald Trump, who will be sworn in as the 47th President of the United States on January 20 in front of the US Capitol, has come out in support of the H-1B, so has two of his close confid
Capital Infra Trust, an infrastructure investment trust sponsored by Gawar Construction Ltd, on Friday said it has fixed a price band of Rs 99-100 per unit for its Rs 1,578-crore initial public offering (IPO). The IPO that opens for public subscription on January 7, will conclude on January 9, the company said in a statement. The public issue of Capital Infra Trust (formerly National Infrastructure Trust) is set to become the first InvIT IPO of 2025. The IPO comprises a fresh issue of units aggregating up to Rs 1,077 crore and an offer for sale (OFS) of units valued up to Rs 501 crore by the sponsor selling unitholder, according to the red herring prospectus filed on December 27. The net proceeds from the fresh issue will be utilised by the company towards providing loans to the projec
