Indias second-largest bank by assets, which took over its parent effective from July 2023, said its total advances increased 62% from Rs 15.20 lakh crore in December 2022 largely due to the merger.
LIC subscribed to a lion s share of Reliance s ₹20,000-crore bond sale last month, while also taking up a major portion of a bond sale earlier this week by Tata Capital Financial Services (TCFSL), a subsidiary of Tata Capital, sources aware of the developments told ET. LIC had bought ₹13,000 crore of RIL s bonds, the sources said.
The Reserve Bank of India (RBI) has defended its recent regulatory measures for banks and non-banking finance companies (NBFCs), emphasizing its commitment to using prudential tools to safeguard financial stability. Governor Shaktikanta Das stated that the central bank will not wait for problems to escalate, likening it to waiting for a house to catch fire before taking action.