The gross NPAs (GNPA) of SCBs have shown a declining trend over the past five yeaRs As of March 31, 2020, the GNPA stood at Rs 8,96,082 crore, with a GNPA ratio of 8.21 per cent. By March 31, 2021, this figure had decreased to Rs 8,35,051 crore (GNPA ratio of 7.33 per cent), and further down
The minister's response provided a comprehensive overview of private capital expenditure (capex), corporate bond issuances, bank credit flows, and gross fixed capital formation (GFCF).
New Delhi [India], August 6: Synergy Steels, one of India's leading stainless-steel manufacturers, applauded the Union Budget for FY 2024-25, presented by the Finance Minister on July 23, 2024. The company's leadership expressed optimism about the industry's prospects, as the budget addresse
Bangalore (Karnataka) [India], August 6: O'Neil Capital Management (OCM India), the Indian asset management setup of the legendary investor William O'Neil, has launched a long-only Category III alternative investment fund (AIF), called the ONeil India Quant Fund.
Leh (Ladakh) [India], August 6: Ladakh-based Siachen Naturals™ has recently concluded its pre-seed funding round at a valuation of half a million USD. This milestone marks the first equity financing secured by a startup in Ladakh. This round was led by notable investors, including Anuj
Mumbai (Maharashtra) [India], August 6: CFA Society India successfully concluded the 9th edition of India Wealth Management Conference (IWMC) in Mumbai on August 02, 2024. This flagship wealth management conference attracts leading wealth advisors, investment specialists, and other thought l
Union Finance Minister Nirmala Sitharaman will move the Finance (No.2) Bill, 2024, for consideration in Parliament on Tuesday to give effect to the financial proposals of the central government for the financial year 2024-25.
International Holding Company (ADX), the global diversified Abu Dhabi-based conglomerate, has formed Rorix Holdings, a groundbreaking global finance and trade facilitation company focused on financial services, trade finance, advisory, commodities and trade insurance sectors.
Mumbai (Maharashtra) [India], August 5: The ability to harness insights from data analytics is a critical differentiator for leaders seeking to drive growth, innovation, and profitability. As organisations increasingly rely on data to inform decisions across functions - from marketing and pr
New Delhi [India], August 5: Today, Manappuram Finance stands as a leading NBFC with an Asset Under Management (AUM) of Rs42,070 crore, serving an extensive customer base across India. The company offers a variety of financial products, including personal loans, business loans, and vehicle l
The Finance Ministry has ordered five public sector insurance companies to extend all the possible help to the victims of the calamity in Kerala to secure the insurance claims, the Finance Ministry said in a post on social media platform "X".
After US Vice President Kamala Harris officially became the democratic nominee For president, Deputy National Finance Chair of the Democratic National Committee Ajay Bhutoria urged Americans to stand with Harris as she continues her journey to the presidency.