HDFC Q1 sees solid advances, Rajiv Bajaj says, 'No halts at Walluj' | Top News

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Published on July 6, 2020 11:16:01 AM ● Video Link: https://www.youtube.com/watch?v=9Lwnk9e-uNk

Duration: 2:33

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Here are the top Business stories today: 

1. Raining gains on Dalal Street, the markets are off to a flyer this week as Nifty claims the 10,700 mark with the banks outperforming the benchmark.

2. HDFC Bank has posted its Q1 updates which show that advances are up by 1%, deposits are up by 25% YoY and the CASA ratio stands at 40%. It shows that the HDFC Bank's loan book has expanded during the lockdown.

3. Edelweiss top boss Rasesh Shah says,'All decisions in FY20 made with a view that there will be a post COVID world. June has been a good month in terms of recovery; growth to come back by Dec-20. Asset & Wealth biz growing well; seeing strong growth going forward as well. Will see consolidation taking place in the asset & wealth industry.' 

4. Rajiv Bajaj has given a statement to ET Now, about the outbreak and said that the plant is completely safe with all necessary precautions being followed. 

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