Corporate bond issuances are expected to reach Rs 9.6-9.9 lakh crore in FY24, surpassing the record level of Rs 8.7 lakh crore in FY23, according to the report.
Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh.
The report said bank advances to micro, small and medium enterprises (MSMEs) could grow 12-14 per cent this fiscal, riding on the multiplier effect from some pick-up in capex.
In the year-ago fortnight, banks advances were at Rs 87.98 lakh crore and Rs 115.63 lakh crore.
In the previous fortnight to August 16, advances grew 11.64 percent to Rs 96.82 lakh crore and deposits by 10.15 percent to Rs 126.80 lakh crore.
Credit to agriculture and allied activities increased by 8.4 per cent in the reporting month which is slower than the 10.3 per cent growth in the same month last year.
Mumbai : On the heels of the provident fund board hiking interest rates by a percentage point to 9.5 per cent, the RBI on Thursday (Sept 16) signalled to banks to raise fixed deposit rates
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