Search For "banking sector"
Credit growth in India expected to exceed nominal GDP this fiscal: SBI Cap
Updated : 1 year, 8 months ago IST
Credit growth in the Indian banking sector is expected to exceed nominal GDP growth in the current financial year 2024-25, growing at 13-15 per cent, according to SBI Capital Markets.
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AI set to revolutionize global banking, boosting profits by USD 170 bn by
Updated : 1 year, 9 months ago IST
Termed as the General-Purpose Technology (GPT) of the 2020s-2030s, AI's transformative impact on finance is poised to reshape operations, enhance security measures, and redefine intellectual property landscapes worldwide.
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Public Sector Unit banks still lead Indian banking landscape: SBI report
Updated : 1 year, 9 months ago IST
The Public Sector Banks (PSBs) in India holds a dominant position in the banking sector by accounting for more than 50 per cent of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a report by the SBI.
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Indian banks are better placed with strong balance sheet, low NPAs and hig
Updated : 1 year, 9 months ago IST
After suffering from seething government and disturbing bad loan difficulties, Indian banks have established themselves in a much stronger position, as balance sheets and profits have rebounded markedly, noted CLSA (formerly known as Credit Lyonnais Securities Asia), a capital markets and in
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 9 months ago IST
In its report on key financial stability indicators for Q1-24, released today, the Central Bank of the UAE (CBUAE) stated that the value of these liquid assets increased on a quarterly (q-o-q) basis by 5.7 per cent, or AED42.7 billion, compared to approximately AED743.95 billion at the end o
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UAE's banking sector liquid assets stand at AED786.6 billion in Q1-24
Updated : 1 year, 9 months ago IST
The liquid assets in the UAE banking sector stood at AED786.6 billion at the end of Q1-24, marking a year-on-year increase of 28.2 per cent, or AED172.8 billion, compared to approximately AED613.8 billion at the end of Q12023.
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RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 1 year, 9 months ago IST
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
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State Bank of India's market cap crosses Rs 8 lakh crore, stocks surge to
Updated : 1 year, 9 months ago IST
The market capitalization of the State Bank of India (SBI) crossed the Rs 8 lakh crore mark on Monday after the bank's shares surged to a record high of Rs 907.
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Bad loans during UPA stifled credit needs of startups and small businesses
Updated : 1 year, 9 months ago IST
The bad loans crisis during the Congress-led UPA tenure stifled the credit requirements and dreams of crores of aspirational Indians who wanted to establish start-ups and expand small businesses, alleged Finance Minister and senior BJP leader Nirmala Sitharaman.
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Newgen Launches LumYn, Gen AI-Powered hyper-personalization platform for b
Updated : 1 year, 10 months ago IST
Newgen Software, a global provider of low-code digital transformation platforms, has announced the launch of LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector.
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UAE-listed banks lead GCC in Q-o-Q growth in 2024 at 5.6 per cent
Updated : 1 year, 10 months ago IST
Bottomline performance for the GCC banking sector remained steady with a healthy q-o-q growth of 11.8% and a Y-o-Y growth of 10.5% to reach $14.4 billion during Q1-2024, according to GCC Banking Sector Report - Q1-2024, released today by kamco Invest.
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With clean balance-sheet Indian Banking sector has enough opportunity for
Updated : 1 year, 10 months ago IST
India's banking sector is ready and fit to support the growth of India in the coming years highlights KV Kamath, Chairman, National Bank for Financing Infrastructure & Development in an exclusive conversation with ANI.
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