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ICICI Bank and HDFC Bank have been instructed by a regulator to make significant one-time provisions. ICICI Bank must set aside an additional Rs 1,283 crore, while HDFC Bank is required to allocate Rs 500 crore. The regulator has also urged both banks to identify and address shortcomings in their loan portfolios. These adjustments are necessary to ensure compliance with Priority Sector Lending (PSL) norms.
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India's total property exposure is now estimated at $26-29 trillion, according to a global reinsurer. A significant portion of this exposure is located in areas prone to natural disasters. These regions are characterized by a high concentration of economic assets that coincide with risks such as floods, cyclones, and earthquakes.
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News and Media
Microfinance loan portfolios have been declining since April 2024, according to industry leaders. This trend began after reaching a high of Rs 3.43 lakh crore. The decrease is attributed to loan repayments exceeding new loan disbursements across the sector.
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News and Media
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