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Why the government may fail to meet its fiscal deficit target of 3.5% in FY 21
The government will also take steps to enable sourcing from external commercial borrowings and foreign direct investment in the sector to be able to deliver quality education.
The country’s largest public sector lender reported its highest-ever quarterly profit of ₹5,583 crore in the December quarter, led by an overall improvement in asset quality.
With growth sputtering and revenue collections falling, managing the fiscal deficit could be the government’s biggest challenge.
Bank of Baroda, Bank of India, and Canara Bank have finally got new MD and CEOs.
HDFC Bank informed analysts in a management call that it had shortlisted global and internal candidates to take over from managing director Aditya Puri whose tenure ends in October.
Net profit for the quarter ended December 2019 increased to ₹731 crore from ₹331 crore in the corresponding period of the previous year.
The central bank announced a second special open market operation for ₹10,000 crore on December 30. The RBI will simultaneously buy and sell government bonds to lower long-term bond yields.
YES Bank’s audit committee chairman Uttam Prakash Agarwal resigned as independent director citing deteriorating corporate governance standards at the private lender.
