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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
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…
2 mins read
Credit growth in banks continues to exceed deposits, says new SBI report
The State Bank of India reported that credit growth in Indian banks has been consistently outpacing…
ANI
2 mins read
Debt, equity holders approve merger of IDFC with IDFC First Bank
The board of the bank presented the result of voting on the proposal for amalgamation before the…
PTI
1 min read
SBI raises lending rates by 5 to 10 basis points; New loans to cost more
The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…
ANI
4 mins read
Inside the legal battle over the fate of the biggest supermarket merger in US history
Kroger and Albertsons are duking it out with US antitrust regulators who have sued to block the pro…
Natalie Musumeci
4 mins read
Best credit cards for online shopping this festive season
The festive season is here and with it, you are likely to make several purchases from e-commerce pl…
2 mins read
Russia could merge state-run oil companies to make the world's 2nd largest producer, report says
A deal to combine three of Russia's biggest oil firms would create the biggest producer in the worl…
Kelly Cloonan
3 mins read
Putin's expanded BRICS summit proves he has friends — but risks buckling under its own contradictions
Russia is hosting a BRICS summit for the first time, with 4 new members. But efforts to rival the W…
Thibault Spirlet,Huileng Tan
3 mins read
Bank of America's clients are selling stocks 80% more than normal to use this strategy that allows you to avoid capital gains taxes on big returns
Use this strategy to reduce your tax bill.
Christine Ji
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
2 mins read
WPP's former dealmaker is joining investment bank Canaccord Genuity — a sign advertising M&A could heat up
Lance Maerov oversaw WPP's investment and acquisition strategy for over 20 years. This year, he bra…
Lara O'Reilly
2 mins read
RBI approves IDFC-IDFC First Bank merger
Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidi…
PTI
1 min read
Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness
Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decl…
Aruni Soni
2 mins read
Fincare SFB to be amalgamated into AU Small Finance Bank
In a significant development in the small finance banking sector, Fincare Small Finance Bank (Finca…
PTI
5 mins read
Harris can chart her own path with the top regulators — and Big Business hopes she's on their side
When it came to economic appointments, Biden was hamstrung by campaign promises. Harris isn't — som…
Alice Tecotzky
11 mins read
Big banks promised to protect the planet. Now they're doing an about-face.
Big banks and asset managers are a powerful force in fighting the climate crisis, but many of them …
Catherine Boudreau
2 mins read
RBI penalizes five banks, including PNB, for regulatory non-compliance in first week of July
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in …
ANI
4 mins read
Over-reliance on coaches can stop players from finding own solutions: Ashwin
"A lot of players are heavily dependent on coaches or mentors, or one person which I think is a…
PTI
1 min read
Russian banks say they're run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…