Banking system credit growth offtake has shown a significant pick-up in the early part of FY23 with credit growth of 11.2% yoy as on 8 April 2022, compared to 5.3% yoy in same period in April 2021, and highest since July 2019.
Retail investors subscribed 0.97 times, while QIBs bid for 0.40 times shares of their allotted quota and NII lapped up 0.48 times of their portion.
Strengthening the financing architecture for project exports through innovative financing instruments and relooking regulations such as prudential norms for export credit agencies should be a priority,
Also, DCB Bank announced the revision to its EBLR.
On a sequential basis, the companys net profit rose 6.52% to Rs 52.11 crore while net sales gained 5.86% to Rs 300.57 crore in Q4 FY22 as compared to Q3 FY22.
Acquisition strengthens Cigniti’s digital ambitions and helps offer digital engineering services to its customers across the globe.
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