The lender posted a surge of 74 per cent in its net profit to Rs 13,264 crore for the quarter ended September, against Rs 7,627 crore in the year-ago period, on the back of robust loan sales, higher interest income and lower provisions. In five days, the stocks of the lender have managed to
In the lender's statement, SBI said its net interest income grew 12.8 per cent to Rs 35,183 crore. Home loan portfolio grew 14 per cent to Rs 5.94 lakh crore and accounted for more than half its retail portfolio of Rs 10.7 lakh crore. It also said corporate loans surged 21 per cent year on y
As the global economy is moving towards recession, African countries, where China has leveraged lopsided loans for geopolitical gain, are in debt distress and need alternatives fast.
Karnataka Chief Minister Basavaraj Bommai said that in case of non-payment of agricultural loans, farmers must be given time for repayment and not confiscate or auction their property.
Fast deteriorating CDS is signalling the foreign investors that Islamabad is precariously near default. Rather than taking SOS measures for economic revival, Islamabad is still pinning its hope on assistance from Saudi Arabia and China which have dried up in the recent past.
Pune (Maharashtra) [India], November 4 (ANI/NewsVoir): In response to the 50-basis point hike in the repo rate recently, issuers are now offering higher FD rates. This makes for a great opportunity for investors like you to secure your future. After all, FD rates have a direct correlation wi
On Friday morning, many Twitter users stated that they are unable to log into the website. A popup that reads "Something went wrong, but don't worry - try again" appears when the feed page first loads.
Hyderabad (Telangana) [India], November 3 (ANI/PRNewswire): Megha Engineering & Infrastructures Limited (MEIL) has received the LOA for the Mongol Refinery Project, which entails building Mongolia's first oil refinery.
In March 2019, the Enforcement Directorate also questioned Videocon Industries Chairman Venugopal Dhoot along with Mahesh Pungalia, a director of NuPower Renewables and a close aide of Dhoot, in the case.
The data given by the ministry of railways, freight loading of 855.63 million tonne (mt) has been achieved between April and October against last year's loading of 786.2 mt, an improvement of about 9 per cent over last year's. Railways has earned Rs 92,345 crore against Rs 78,921 crore last
Following the global rating agencies Moody's and Fitch downgrading Pakistan's credit rating in recent weeks, Islamabad's risk of default spiked to a 13-year high of 52.8 per cent.