S&P Global Ratings forecast rate cuts of up to 75 basis points (100 basis points is equal to 1 percentage point) in India by its central bank in the financial year 2024-25.
Over the past year, the bank's shares rose by about 78 per cent. In 2024, they have, however, declined a little over 3 per cent. On Tuesday closing, the shares of the bank were 0.7 per cent lower at Rs 230.
Profitability of Indian banks is likely to continue to improve, although net interest margin (NIM) compression will limit earnings upside over the medium term, according to Fitch Ratings.
The ruling by a five-judge panel of appellate court judges was a crucial and unexpected victory for the former president, potentially staving off a looming financial disaster. Had the court denied his request, and had he failed to obtain the full bond, Trump risked of losing control over his
Congress leader Priyanka Gandhi Vadra on Sunday hit out at the BJP over the electoral bond scheme, saying never in the history of the country did any government gave legal validity to corruption.
Reacting to the Congress' allegation over the 'freezing' of its bank accounts ahead of the Lok Sabha elections, BJP leader Sambit Patra said, "All political parties get an exemption in tax. Any party cannot be discriminated against in this. But why were Congress' accounts 'frozen'? The Congr
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD 642.292 billion in the week that ended on March 15, as per the latest data released by the Reserve Bank of India (RBI). During the week, the foreign exchange kitty rose by USD 6.396 billion.
A day after the Congress's top three leaders, Mallikarjun Kharge, Sonia Gandhi and Rahul Gandhi, accused BJP of crippling the party financially ahead of Lok Sabha elections to "freeze" its bank accounts, Goa party President Amit Patkar slammed the ruling party, alleging is of "using undemocr
Himachal Pradesh Chief Minister Sukhvinder Sukhu and state Congress president Pratibha Singh slammed the Bharatiya Janata Party (BJP) government at the Center for 'freezing the bank accounts of Congress' ahead of Lok Sabha elections and termed it as the 'murder of democracy.'
In a statement on special measures for the current financial year (2023-24) and in the wake of the annual closing of government accounts, the Reserve Bank said that electronic transactions can be done till the stipulated time on both days (March 30 and March 31).
Mumbai (Maharashtra) [India], March 22: Bharat Co-operative Bank (Mumbai) Ltd., hosted a unique business gathering called the "Bharat Business Meet" on 28th February 2024 specially crafted for entrepreneurs and visionaries in the business world.