To strengthen its CASA base, the bank has launched six new products and opened 1.77 lakh new accounts in the last quarter. It is also aggressively targeting salary accounts, where the average balance has improved from Rs 25,000 in Q1 to Rs 44,000 in Q2, Kumar said.
Auto sector are buoyant, as festive season sales increased by 19 percent compared to the previous year
Airfare has risen nearly 40 percent as searches for domestic air travel tickets increased by 124 percent and 133 percent for international air travel from pre-pandemic levels, in India during the Diwali season.
With strong economic growth of 7 per cent, India's oil demand has been rising steadily since the country eased pandemic lockdowns.
Ganesh Chaturthi and Onam kicked off well, now we enter Navratri, Dussehra and Diwali, so things are looking up, says the head of sales.
In an interview with CNBC TV18, the chairman of VIP Industries, Dilip Piramal, talked about the company's plans for the festive season amid the recovering demand for domestic and international travel.
Customers are buying more and as shoppers prioritise quality and brands in times of high prices, the company stands to gain, says Nair