By Krishna SinhaChaudhury, Mumbai : When it comes to digital transformation, sectors like the Banking, Financial Services and Insurance (BFSI), and telecom, will become the growth engines for India and IBM is ready to meet the technology requirements, a top company...
Kolkata : Nobel laureate and micro-finance founder Muhammad Yunus on Tuesday said the existing financial and banking systems in the world have fundamental flaws as they direct people to work only for their own benefit, not caring about society. "I think the existing...
New Delhi : Gross non-performing assets (NPA) in Indian banks are expected to rise to Rs 9.5 lakh crore by March, from Rs 8 lakh crore in March last year, said a ASSOCHAM-Crisil joint study. Stressed assets in March 2018 are expected to be at Rs 11.5 lakh crore, the...
Mumbai : Optimism around quarterly corporate earnings, along with an upward rally in banking stocks and healthy inflow of foreign funds, lifted the key Indian equity indices -- the BSE Sensex and NSE Nifty50 -- to record high levels on Wednesday. Also, the...
New Delhi : Continuing rise in food and fuel prices pushed India's annual retail inflation rate over the five per cent-mark in December, official data showed on Friday, putting paid to hopes of an interest rate cut by the RBI in the near future. According to the data...
New Delhi : Leading cab aggregator Ola and ICICI Bank on Tuesday signed a MoU to bring forth a range of integrated offers for their customers and driver partners. "This alliance will provide increased convenience to customers on both the platforms as well as hundreds...
Chennai : State-run Indian Overseas Bank (IOB) has announced its plans to set off its accumulated losses with funds from its share premium account. In a release late on Monday, IOB said it intends using Rs 7,650 crore in its share premium account to write off its...
Mumbai : Healthy buying from foreign funds, along with optimism over the upcoming quarterly earnings result season, on Monday catapulted the key equity indices -- NSE Nifty50 and S&P BSE Sensex -- to their record closing highs. Index-wise, the buoyant global cues...
New Delhi : Though Indian non-banking financial companies (NBFCs) are growing in market share at a time when the banking system is grappling with the bad loans issue, they will have to keep pace with new technologies to attract investment, industry chamber Assocham...
New Delhi : The central government's recent decision to recapitalise public sector banks (PSBs) has led to a surge in credit growth, the government said on Saturday. Finance Minister Arun Jaitley said that credit growth would go further up once the infusion of capital...