Governance gaps in some banks may make banking sector volatile: Shaktikanta Das
While these gaps have been mitigated, it is necessary that boards and the managements do not allow such gaps to creep in, says RBI governor
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Axis Bank posts net loss of ₹5,728 crore in Q4 on Citi Bank deal
The bank posted a profit of ₹4,117.77 crore in the same period last year. In the December quarter of FY23, the bank’s profit stood at ₹5,583.07 crore.
India's growth may benefit from implementation of reform agenda: World Bank
Addressing the aftermath of financial sector distress could unlock significant growth, says World Bank.
Bank Credit in a Sweet Spot
As credit offtake improves due to growing corporate interest and optimism around GDP growth, the banking sector is set to reap the riches.
IIFL MF launches India's first tax-saver index fund
Index ELSS will provide investors with the dual advantage of earning passive returns from equity as well as availing 80C benefits on investments up to Rs 1,50,000.
India’s bank credit to grow 13% in FY23: Fitch
Bank lending will be driven by the economic recovery and high nominal GDP growth, which are expected to boost demand for retail and working-capital loans
India's banking sector in best of health in decades, says India Ratings
Asset quality in the retail and micro, small and medium (MSME) segments are most impacted due to the pandemic, Ind-Ra estimates show.
Banking sector’s silent battle
RBI’s governance circular which also limits the tenure of bank CEOs has bank chiefs in a spin. What are the implications of this silent tussle?
Nikhil Kamath on why banks don’t attract money
As the Reserve Bank of India has kept key rates unchanged, fixed deposit rates at banks are at a historic low. As a result, banks have lost their power to attract money, says Zerodha’s Nikhil Kamath.
The importance of foreign banks during downturns
Several studies have shown that foreign banks play a positive economic role, especially in emerging markets, by increasing local banks’ efficiency. India is no exception.
