New Delhi: Noting that the economy has gone through ups and downs in the past too, Prime Minister Narendra Modi on Friday cited macroeconomic data from previous governments to suggest that the economy would bounce back again with much vigour and strength. Speaking at the centenary event of industry chamber Assocham, Modi said that GDP […]
New Delhi: In the midst of a government-Reserve Bank of India (RBI) tussle over utilisation of capital reserves of the central bank, former Chief Economic Advisor Arvind Subramanian strongly supports the government’s view, saying the RBI is holding excess capital between Rs 4.5 and Rs 7 lakh crore which should be used to recapitalise the […]
Mumbai: Yes Bank on Thursday reported a decline of 3.73 per cent in its standalone net profit for the second quarter of financial year 2018-19. According to the lender, its Q2 net profit declined to Rs 964.7 crore from Rs 1,002.73 crore reported for the corresponding period of the previous financial year. “Net profit declined […]
Mumbai: The Indian banking sector outlook will likely remain negative in the future as their weak financial performance and vulnerable core capitalisation continue to put pressure on intrinsic credit-worthiness, rating agency Fitch Ratings has said. According to the credit rating agency, government-owned banks remain the most at risk as persistent losses have battered their weak […]
Unions in the banking sector Tuesday decided to strike work for four days (Feb 25-28) as the Indian Banks' Association (IBA) has not come out with any attractive proposals, said a union leader
Pune: India needs to conceive several reforms in the banking sector, Finance Minister Arun Jaitley said here Saturday.