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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
1 min read
Profit of public sector banks expected to decline by 0.6 percent QoQ : Motilala Oswal
As the earnings season for the second quarter of FY25 unfolds, public sector banks (PSBs) are expec…
ANI
1 min read
Under strain from war, Russia plans a massive layoff in its public sector: report
Russia is expected to lay off at least 40,000 government officials by July, according to a report b…
Hannah Abraham
3 mins read
Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report
As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…
3 mins read
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
2 mins read
SEBI places JSW Cement's Rs 4,000-cr IPO on hold for now
The proposed issue involves a new issue of equity shares worth Rs 2,000 crore and an offer-for-sale…
PTI
3 mins read
Russia's defense sector is running on overdrive — but firms are warning of bankruptcy
Russia has almost tripled defense spending for the Ukraine war, but rising inflation and interest r…
Thibault Spirlet
2 mins read
Nifty and Sensex continue downward trend, selling continues despite Trump's victory
Indian stock markets opened flat with a marginal dip on Thursday after Donald Trump's victory, whil…
2 mins read
Weekend wrap: Nvidia’s AI-driven surge, Indian banks’ steady growth and more
Nvidia has become the world's largest company amidst an AI boom, surpassing Apple. Meanwhile, the U…
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…
1 min read
IndusInd Bank and Tata Power Renewable partner to provide collateral-free solar loans to MSEs
Through this collaboration, Tata Power Renewable and IndusInd aim to ease the transition to solar e…
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
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
2 mins read
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
2 mins read
Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2
State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and…
PTI
1 min read
LIC increases stake in Bank of Maharashtra from 4.05 percent to 7.1 percent through QIP
Life Insurance Corporation of India (LIC) has increased its stake in Bank of Maharashtra, the compa…
ANI
4 mins read
Indian markets ease as profit booking follows record-breaking streak
Market participants were primarily focused on locking in gains after the indices reached record hig…
2 mins read
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
1 min read
Nifty at all-time high as energy and financial stocks surge
Nifty 50 reached an all-time high of 22,171 largely propelled by the performance of financial and e…
3 mins read
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…