Banking Sector

Retail loans surged by ₹18,600 Crore during the quarter, while commercial and rural banking loans jumped by ₹7,200 Crore.

Gross non-performing assets (GNPAs) were reported 1.47% in the fourth quarter, compared to 1.22% in the third quarter of FY24.

. This fundraising will take place in one or more tranches, and it will account for up to 15% of the bank's post-issue paid-up equity share capital.

FIH has a 49.72% share in the bank as of March 31, 2024, which will be reduced to almost 40% following the stake sale.

The bank plans to include a special resolution for this potential fundraising in its upcoming Annual General Meeting (AGM) notice.

At the end of the March quarter, Asia Asia Opportunities V held a 9.88% stake in the company, while General Atlantic Singapore Fund held 9.22%.

According to a filing on the exchange, Shriram Finance raised $425 million and Euro 40 million in a syndicated term loan deal.

The approval of the Reserve Bank of India and the Department of Financial Services, Government of India, is mandatory for the same.

In FY24, gold loan assets increased by ₹11,003 Crore, or 18%. Gold loan assets climbed by ₹3,657 Crore, a 5% increase over Q4FY23.

In Q4FY24, disbursements increased by 11% to ₹6,681 Crore, while yearly disbursements grew by 17% to ₹23,389 Crore.