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Banks' gross NPAs at 12-yr low, may fall further to 2.5%: RBI report

Among bank groups, public sector banks (PSBs) recorded a substantial reduction (76 bps) in their GN…

PTI   


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Household savings are choosing mutual funds over banks to invest savings: RBI Governor

The households are choosing the capital markets over the banks to park or invest their savings, hig…

ANI   


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3 mins read

Market closing : ICICI, HDFC and other private banks shine as Nifty, Sensex hit all-time high

​Amidst broad-based indices, Nifty midcap 50 and midcap 100 closed the day in red. Out of the 2,753…

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Rise seen in financial inclusion index, jobs in the country, notes RBI

Improvement in FI-Index is mainly contributed by usage dimension, which further reflect deepening o…

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SLBCs can play effective role in financial inclusion by better coordination with govt, NGOs: RBI DG

Deepening financial inclusion is not merely about increasing the number of bank accounts but about …

PTI   


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Small businesses generated 35 million job applications till Aug 2024, 14 million were from women: Report

Notably, over 55 per cent of total job applications for SMB roles came from tier-2 and tier-3 citie…

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4 mins read

India's diamond sector faces major crisis amid plummeting imports, exports, and massive job losses

According to the think tank data, a 24.5% drop in rough diamond imports from USD 18.5 billion in 20…

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5 mins read

10 financial scams that shook India: A dive into deception

From Ponzi schemes to bank frauds, the Indian government and investors have fallen victim to many f…

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1 min read

Public sector banks asked to reassess gold loan process amid debt risk concerns

The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…

ANI   


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Carlyle-backed Hexaware Tech files draft papers with Sebi for ₹9,950 crore IPO

CA Magnum Holdings has 95.03 per cent stake in the IT company. Since the entire issue is a…

PTI   


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World Bank approves USD 1.5 billion to support India's low-carbon energy sector

This second financing stimulus will support green reforms to boost the production of green hydrogen…

ANI   


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Finance minister asks for greater push and investment in the manufacturing sector at the CII Annual Summit

Finance Minister Nirmala Sitharaman asked for a greater push to manufacturing sector. Speaking at t…

ANI   


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Gen AI to unlock a "mammoth incremental opportunity" for Indian IT services: Report

The generative AI provides more opportunity to the Indian IT sector contrary to the believe of bein…

ANI   


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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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Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says

Investors now see "shadow banking" as the leading source of a potential credit event, respondents i…

Filip De Mott   


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Stock market today: Sensex inches up over 700 points, Nifty rises over 1% in early trade on August 8th, 2024

ONGC, Coal India, Hero Moto Corp, Mahindra and Mahindra and Infosys gained early edge in today's tr…

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3 mins read

India's gold loan market set for rapid growth amid rising prices; unorganized sector holds 63% share, notes recent PwC report

Indian households are estimated to possess approximately 25,000 tonnes of gold, valued at around Rs…

ANI   


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4 mins read

Sensex @ 84k: With 1,359 pts gain, benchmark index settles above historic mark

Sensex hits a record high of 84,544.31, driven by gains in bank stocks and positive global trends, …

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Stock market opening: Nifty, Sensex open the day in red, Dr. Reddy, Divis Labs take lead in early trade

Divis Labs, Dr. Reddy, Larsen and Toubro, Hindustan Unilever, and Nestle India gained an early edge…

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Despite budget provisions, residential housing market will see sales growth, notes recent report by Knight Frank

A notable 24% expect stability, while 25% predict a potential decrease, reflecting a balanced yet c…

ANI