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HDFC Bank Ltd, India's largest private sector lender, is set to sell ₹9,062.38 crore worth of car loans, amounting to 1,08,711 loans, as part of its strategy to address its increasing credit-deposit ratio. The bank will execute this sale using a financial instrument known as 'pass-through certificates' (PTCs), which provide fixed income to holders from a pool of assets like loans. According to insiders, this transaction may represent the largest PTC sale in India to date.
HDFC Bank Ltd, India's largest private sector lender, is set to sell ₹9,062.38 crore worth of car loans, amounting to 1,08,711 loans, as part of its strategy to address its increasing credit-deposit ratio. The bank will execute this sale using a financial instrument known as 'pass-through certificates' (PTCs), which provide fixed income to holders from a pool of assets like loans. According to insiders, this transaction may represent the largest PTC sale in India to date.
Andhra Pradesh's Path to Growth: Andhra Pradesh is set to play a pivotal role in India's growth over the next five years under the seasoned leadership of Chandrababu Naidu. Renowned for his forward-thinking policies and introduction of pioneering technologies, Naidu's leadership is expected to steer the state toward significant advancements. With a recent assembly election victory, the NDA government aims to restore and surpass Andhra Pradesh's p
Andhra Pradesh's Path to Growth: Andhra Pradesh is set to play a pivotal role in India's growth over the next five years under the seasoned leadership of Chandrababu Naidu. Renowned for his forward-thinking policies and introduction of pioneering technologies, Naidu's leadership is expected to steer the state toward significant advancements. With a recent assembly election victory, the NDA government aims to restore and surpass Andhra Pradesh's p
The Forbes World Billionaires annual list for 2024 has revealed that 25 new names from India have joined the ranks of the world's wealthiest, bringing the total number of Indian billionaires to 200. This surge in wealth is seen as a product of the Narendra Modi era, which has coincided with significant economic shifts, including the COVID-19 pandemic, reverse migration, and a crisis in agriculture. Despite these challenges, the nation has witnessed a remarkable rise in billionaires, promp
The Forbes World Billionaires annual list for 2024 has revealed that 25 new names from India have joined the ranks of the world's wealthiest, bringing the total number of Indian billionaires to 200. This surge in wealth is seen as a product of the Narendra Modi era, which has coincided with significant economic shifts, including the COVID-19 pandemic, reverse migration, and a crisis in agriculture. Despite these challenges, the nation has witnessed a remarkable rise in billionaires, promp
Chandrababu Naidu has recently brought to light the difficulties faced by KIA, an automobile giant that established its manufacturing plant in Anantapur under challenging circumstances. Naidu, who played a pivotal role in attracting KIA to Andhra Pradesh, revealed that Gujarat, Karnataka, and Tamil Nadu were also vying to host the company. He described the significant efforts and resources he invested in securing geographically suitable land, water supply, and other essential amenities to con
Chandrababu Naidu has recently brought to light the difficulties faced by KIA, an automobile giant that established its manufacturing plant in Anantapur under challenging circumstances. Naidu, who played a pivotal role in attracting KIA to Andhra Pradesh, revealed that Gujarat, Karnataka, and Tamil Nadu were also vying to host the company. He described the significant efforts and resources he invested in securing geographically suitable land, water supply, and other essential amenities to con
In recent months, CM Chandrababu Naidu has focused on driving investment into Andhra Pradesh, engaging with global entities such as the World Bank and Brookfield Corporation, and exploring opportunities in EV and alternative energy sectors. His latest push involves a significant meeting with Godrej Industries, where he discussed a potential Rs 2800 crore investment for pesticide manufacturing in Amarava
In recent months, CM Chandrababu Naidu has focused on driving investment into Andhra Pradesh, engaging with global entities such as the World Bank and Brookfield Corporation, and exploring opportunities in EV and alternative energy sectors. His latest push involves a significant meeting with Godrej Industries, where he discussed a potential Rs 2800 crore investment for pesticide manufacturing in Amarava
Andhra Pradesh Chief Minister Chandrababu Naidu is set to make a significant impact on the state's economic landscape with his upcoming visit to Sricity. During this visit, Naidu will inaugurate 15 new companies, which will bring a substantial investment of 900 crore rupees into the region. This initiative is expected to generate approximately 2,740 new jobs, offering a boost to local employment and signaling a strong commitment to economic development.
The inauguration event wi
Andhra Pradesh Chief Minister Chandrababu Naidu is set to make a significant impact on the state's economic landscape with his upcoming visit to Sricity. During this visit, Naidu will inaugurate 15 new companies, which will bring a substantial investment of 900 crore rupees into the region. This initiative is expected to generate approximately 2,740 new jobs, offering a boost to local employment and signaling a strong commitment to economic development.
The inauguration event wi