NEW DELHI: Punjab National Bank (PNB) , the country’s second largest public sector lender, is set to step up its focus on customer service as well as retail, agriculture and MSME lending, while targeting corporate loans that give higher returns, the bank’s new MD and CEO Ashok Chandra told TOI.Chandra, who took over in Jan,…
Poonawalla Fincorp Ltd aims to double its headcount as the Indian shadow bank expands into new product lines to increase assets to 1.5 trillion rupees ($17.7 billion) in the next five years.The non-bank finance company controlled by billionaire Adar Poonawalla, plans to add six retail-focused lending businesses in the next four to six quarters, on…
MUMBAI: Bank credit growth has slowed to 11.1% as of Nov 15, 2024 compared to 20.6% last year. Even after adjusting for the HDFC-HDFC Bank merger, growth remains slower at 12.4% versus 16.2% in 2023. There has also been a slowdown in deposit growth, albeit to a lesser extent. Compared to 13.6% deposit growth in…