AgenciesConsolidated profit after tax grew to ₹609 crore in the quarter ended March 2023 from ₹450 crore a year ago on the back of a 31% year-on-year rise in revenues to ₹9,146 crore.
The loan book in its non-bank arm grew 46% year-on-year to ₹80,556 crore as of March 2023 due to a 57% year-on-year growth in loans to retail, SME and high-net worth customers which constitute 67% of the total loan book. Disbursements grew 58% year-on-year to ₹15,598 crore in March 2023.
Disbursements in the housing finance business grew 36% year-on-year to ₹1,790 crore. The housing finance loan book grew 14% year-on-year to ₹13,808 crore as of March 2023.
Friday, 12 May, 2023- Front Page
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- On Watchlist: Govt Seeks to Tax Netflix Income in India
India is seeking to tax Netflix Inc.’s income earned from streaming services in the country, people familiar with the matter said. It’s the first such move to tax overseas digital companies providing electronic commerce services to consumers in India, they said.
PhonePe Will Likely go for an India ListingWalmart president and chief executive officer Doug McMillon has said the performance of its payments company PhonePe has seen a significant upside, and if it chooses to enter the ecommerce business, it won’t compete with sister company Flipkart as both will be focused on serving their own set of customers.
Adani in Talks for $2-2.5b Stake Sales in 3 Group CosAdani Group is in discussions with potential investors to raise $2-2.5 billion via share sales in Adani Enterprises, Adani Transmission and Adani Green Energy, said people aware of the matter.
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