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Banks and the federal government point fingers as Americans lose billions to online scams

Banks and the federal government are debating the best way to address rampant online scams, which h…

Kenneth Niemeyer   


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SBI aims to become first financial firm to cross milestone of Rs 1 lakh crore profit: Chairman

SBI recorded a standalone net profit of Rs 61,077 crore in FY24, registering a growth of 21.59%.

PTI   


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India handled inflation much better than US, Germany and France: SBI Report

India has demonstrated a largely successful inflation-targeting regime compared to advanced economi…

ANI   


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With 6.7% GDP growth in Q1 FY25, SBI says full-year growth should be revised downwards to 7%

According to a recent report by the State Bank of India (SBI), the moderation in India's GDP growth…

ANI   


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Bill to provide up to four nominees to a bank account introduced in Lok Sabha

Another proposed change relates to redefining 'substantial interest' for directorships, which could…

PTI   


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SBI able to support loan growth, lower deposit growth not a challenge: Khara

Some experts have been opining that this is due to flow of savings into higher yielding capit…

PTI   


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Rural demand, government spending to drive growth in the second half of FY25

Rural demand and government spending will be key drivers of India's economic growth in the second h…

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Government's commitment to reforms due to dedication to 'nation first': PM Modi in Independence Day speech

The commitment to reforms is the blueprint for growth and is not borne of any political compulsion …

PTI   


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India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter

Indian companies, particularly in consumer-focused sectors, faced a challenging second quarter due …

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1 min read

Billionaire investor Ray Dalio warns debt is being devalued as governments pile it up and central banks keep rates artificially low

Ray Dalio says he is worried by the amount of debt held globally, and how central banks are using i…

Kelly Cloonan   


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Indian markets under pressure as global rate cuts stir uncertainty, new report says

Indian markets experienced volatility as global economic shifts and political developments impacted…

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Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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China just announced an $1.4 trillion plan to rescue its local governments

Friday's announcement is the latest in a string of stimulus measures China has taken to turn around…

Huileng Tan   


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Adani Group to commission first phase of $4 billion PVC petrochemical project by Dec 2026

Polyvinyl chloride (PVC) — the third-most common synthetic plastic polymer made worldwide — is used…

PTI   


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Lack of funds stopping you from pursuing higher education? The government can come to rescue

The Indian government launched the PM-Vidyalaxmi scheme to provide financial assistance for higher …

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3 mins read

India could lose a quarter of its economy by 2070 – here’s why

India faces significant risks from climate change, including sea-level rise, extreme heat, and seve…

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Sensex, Nifty climb in early trade on buying in IT, bank stocks

Equity benchmark indices rallied in early trade on Tuesday amid buying in IT and bank stocks along …

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Indian government bonds to be included JP Morgan Govt bond Index from June 28

Indian government bonds are set to be included in the JP Morgan Government Bond Index, Emerging Mar…

ANI   


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Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of June 2024: CareEdge

The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent …

ANI   


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Moscow will reportedly block sales of Western banks to Russian firms, leaving them with no exit

Western banks still operating in Russia are facing and increasingly difficult path to an exit.

Filip De Mott