
HDFC Bank Posts Net Profit Despite Increased Provisions
Net income rose 12% to 181.55 billion rupees in the three months ended June from a year earlier, according to a statement on Saturday. That beat the average estimate of 176.18 billion rupees, based on a Bloomberg survey of analysts.

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Forbes
an hour ago
- Forbes
Trade Finance Is (Finally) Going On-Chain
Trade finance is just the latest sign of institutional adoption In the aftermath of crypto week there is certainly going to be plenty of discussion around the future of cryptoassets in the United States from a policy perspective, but even while that continues to dominate headlines, blockchain adoption continues to accelerate virtually unabated, albeit in an under-the-radar manner. In the immediate run-up to crypto week it was announced that U.S. Bank had completed its first fully digital trade finance transaction, highlighting the shift away from paper-based processes in international trade. As the first American lender to execute such a transaction using WaveBL – a blockchain that enables encrypted document transfers between trading partners and financial institutions – will have ramifications far beyond the specifics of this individual transaction. The Digital Container Shipping Association, representing nine (9) of the world's ten (10) largest container lines, has set a target of issuing 100% of bills of lading in an electronic format by 2030. According to research by the Asian Development Bank estimates that there is potentially $1.5 trillion of trade finance opportunities that have remained untapped, excluding small to medium size businesses. With the speed and transparency provided by blockchain based trade financing agreements, much of this gap can be closed; the DCSA goal toward 100% electronic bills of lading will only accelerate the pace at which this goal is achieved. Outside of the direct benefits to the shipping industry and affiliated entities, lets' take a look at a the benefits this change will create. Regardless of the political turmoil and debate around the cryptoasset sector the fact remains that institutional adoption has continued virtually unabated. Even as the retail market and utilization of crypto, in the form of stablecoins of other iterations, remains stagnant, the influx of institutional investors and attention the space is worthy of attention. Be it the increasing expansion of crypto services by payment processors such as PayPal, Visa, and Mastercard, or the deployment of crypto-native solutions by banking titans such as J.P. Morgan Chase the landscape has shifted in a definitive manner. Crypto transactions, the processing of said transactions, and the benefits of these transactions are increasingly clear to institutions that handle and process trillions of dollars of transactions on an annual basis. Coupled with the regulatory progress being made related to stablecoins, which in and of themselves combine the benefits of on-chain transactions with the stability of the U.S. dollar, and the implications for the dollar-based reserve banking system are clear. Dollars will be going on-chain and will build on existing efforts to tokenize U.S. Treasuries – the largest and most liquid market in the world – to an even greater extent moving forward. Policy debates will occur, but crypto advocates and investors alike should keep an eye on the bigger picture as blockchain and tokenized asset adoption continue to accelerate.
Yahoo
an hour ago
- Yahoo
There's a little 'irrational exuberance' in markets: Strategist
Despite turmoil earlier in the year, the S&P 500 (^GSPC) is trading near record highs. F/m Investments CEO & chief investment officer Alex Morris says there's "a little bit of irrational exuberance" in the markets right now. Find out why in the video above. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
A self-made millionaire explains how to make money in an 'exponential way': Use one-to-infinity leverage
Rose Han paid off six figures in debt before building a seven-figure net worth. Her income escalated when she built a business that tapped into 'one-to-infinity' leverage. Anyone can use this strategy. It starts with asking yourself: What value can I provide? Rose Han, like many, learned to earn money linearly — hour by hour, paycheck by paycheck. For years, she traded her time for money in her corporate job. She made good money, enough to start tackling her six-figure student loan debt and invest in the stock market. But it wasn't until she tapped into the idea of "leveraged income" that her income soared and pushed her net worth over the seven-figure mark. "That's a completely different mentality that we don't learn in school," Han, who runs a financial literacy company, told Business Insider, but it's a powerful one. "Leverage is the explanation behind any significant wealth creation, no matter who you look at." Different levels of leverage and why you want 'one-to-infinity' To break down the concept of leveraged income, Han uses the example of a fitness trainer. She explained that if they're working one-on-one with a client, there's no leverage: "You show up, trade hours for dollars, and you get paid." But if they start a group fitness class and can train multiple clients at once, that's what she calls "one-to-many leverage," and their earnings go up without having to work more hours. "Now they're serving 10 people at once and therefore making about 10 times more." The final level, "one-to-infinity leverage," can create life-changing wealth. This is when the trainer builds an app with weekly workouts and a meal plan feature, for example. "They could create that app once, and millions of people around the world can subscribe," said Han. "That concept really was the key that I unlocked." She didn't get to one-to-infinity leverage overnight. Her business began in the basement of a coworking space, where she hosted free personal finance classes based on her own experience paying down debt and using index funds to grow her net worth. "I was just learning a lot on my financial awakening journey, so I wanted to share it," she said. "In the back of my mind, I thought, 'OK, maybe there's some way I could make this lucrative,' but that's not the goal." She hosted free classes for nearly two years, until she gained the confidence to start charging. Then, instead of keeping the class within the coworking space, she decided to move to YouTube, where her reach would be far greater. "The idea that a video could reach millions of people, 24/7, for the rest of my life and even after, that was really just wild to me," said Han. "I was skeptical because I'd never gone on camera. It was scary. But, after about a year and a half of doing these free meetups, I got the courage to press record and post my first video." Her YouTube channel, which has nearly one million subscribers, has evolved into a financial education company that earns money through online courses, brand deals, affiliate links, and book sales. She launched her first online course in 2020. It brought in $160,000 "in a matter of days," she said. "I made in seven days what used to take me an entire year to make. Granted, I worked a lot to create that course, and it didn't just happen in seven days, but I created something once that I could sell over and over and over and serve a lot of people. I created a lot of value with something, and so I got paid in that exponential way." How to apply the one-to-infinity mindset To use the one-to-infinity model and earn exponentially, start by asking: What value can I provide? "I fully believe that the more value you provide, the more you can earn," said Han. "And, if you think creatively enough, there's no limit to how much value you can provide and therefore how much money you can earn." The big holdup for her was confidence, and convincing herself that she was providing something valuable enough to get paid for. "I think this is the challenge for most people. They think, 'Oh, I should make more money. I need to ask for a raise and get a higher-paying career.' But their first obstacle is thinking, 'Who am I to do that? I don't have the skills. I don't have anything of value to provide.' That sort of mindset of, 'I'm not capable.'" Han overcame that mindset by taking action — by hosting the free meet-ups and getting real-world feedback that her money lessons were helping people. "Know that you have the ability within you to create a lot of value for the world and therefore generate a lot of money that's like within your control," she said. "You just have to find the confidence." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data