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2 mins read
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
1 min read
Outlook for bank credit offtake remains positive in 2024: CareEdge Ratings
Outlook for bank credit offtake remains positive in 2024 while deposit growth is expected to improv…
PTI
3 mins read
Experts welcome moderation of inflation in July, by warns of continued inflationary pressure ahead
In July 2024, India saw its CPI inflation drop to 3.54%, the lowest in almost five years, mainly du…
ANI
1 min read
India's sovereign ratings by global agencies utterly absurd: Sanjeev Sanyal
India should be rated at least one or two grades higher than what it is at present by global rating…
PTI
3 mins read
Deposit rates rise faster than lending rates in March 2023: CareEdge
In March 2023, both lending and deposit rates rose, but the rate of increase was faster for the dep…
3 mins read
India's retail inflation eases marginally in April; here's what experts have to say
India's retail inflation eased to 4.83 per cent in April, down from 4.85 per cent in March. However…
ANI
2 mins read
Creditors take a haircut of 70% in insolvency cases: CareEdge report
The CareEdge report has found that the cumulative recovery rate has been on a downtrend, decreasing…
3 mins read
RBI’s MPC maintains status quo, keeps repo rate unchanged
The Reserve Bank of India’s (RBI) rate setting panel kept the policy repo rate unchanged at 6.5% on…
3 mins read
RBI’s lower rate hike as expected, but Das’ commentary still hawkish, say analysts
RBI announced a 35-basis point rate hike on Wednesday, after three consecutive 50 bps rate hikes ea…
3 mins read
Indian banks’ dream run could soon be over as deposit rates start catching up to lending rates
The dream run of Indian banks could soon be over as rates on fresh deposits are starting to catch u…
4 mins read
Inflation is making Indian companies borrow more – that's bad news when interest rates are high
The interest rates were increased for the first time since 2018, ending an era of low interest r…
3 mins read
Indian economy relatively slowed in Q1-FY25, here's what experts have to say
The Indian economy grew by 6.7% in real terms in the April-June quarter of the current financial ye…
ANI
3 mins read
India's retail inflation eases further in May; here's what experts say
Annual retail inflation in May was at a 12-month low of 4.75 per cent, marginally down from 4.83 pe…
ANI
3 mins read
RBI likely to maintain status quo after food inflation keeps Feb print high, say experts
In February, retail inflation came in on expected lines at 5.09%. However, high vegetable inflation…
3 mins read
Diamond demand heads for a hard landing with ‘temporary disruption’ at play
Diamonds are forever, they say, but the love for bling is waning in different ways. Not only is dem…
3 mins read
Inflation to inch higher still? Incessant rains will add to woes, warn economists
India’s retail inflation is at a three-month high in June at 4.8%, but it may not have reached its …
4 mins read
India auto sales seen rising 7-9% in FY24: Passenger & commercial vehicles to drive demand
The Indian auto industry is expected to register a sales volume growth between 7-9% in FY24, buildi…
4 mins read
Indian banks’ decade-best metrics and subdued valuations make them a compelling buy: Bernstein
Indian banks just reported a stellar December quarter driven by healthy growth in margins, loans an…
3 mins read
Wholesale inflation turns negative in April, after retail inflation eases to 18-month low
Wholesale inflation in India based on the Wholesale Price Index turned negative in April at (-) 0.9…
3 mins read
India's services sector growth climbs to near 13-year high in April: PMI
India's services sector growth accelerated in April, as strong demand conditions resulted in the fa…