The SBI report adds that the various avenues of income for the government such as corporate tax, income tax, customs duty, excise duty, Goods and Services Tax, Net tax revenue, and non-tax revenue have shown a better than estimated revenue collections not only in FY24 but also in the first t
Concurrently, the Eight Core Industries Index expanded by 6.5 per cent year-on-year in the first two months of FY25, buoyed primarily by increased activity in essential sectors such as coal, natural gas, and electricity.
The capital market activity in June was marked by lower G-Sec supply and increased Foreign Portfolio Investor (FPI) inflows, supported by index inclusions, which helped prevent crowding-out effects. Bank credit continued its strong growth momentum, exceeding 15 per cent year-on-year as of mi
As the central government prepares for the upcoming budget on July 23rd, a research report by the State Bank of India (SBI) highlights crucial areas that need attention to drive sustainable economic growth and development.
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.
According to the latest findings from the State Bank of India (SBI) Research, out of the 235 basis point (bp) growth, Maharashtra and Uttar Pradesh emerged as frontrunners, contributing 56 and 40 bps respectively, while the remaining 90 bps stemmed from other states.
India's GDP expanded by a remarkable 8.4 per cent during this period, following consecutive quarters of over 8 per cent growth. This surge has been attributed to effective policy frameworks and perspectives, which have surpassed irrational market expectations.
The Economic Research Department of the State Bank of India (SBI) has released a comprehensive research report forecasting the fiscal scenario for the upcoming financial years.
Once the CPI comes under control for fruits, vegetables, spices, and cereals, headline inflation is expected to drastically reduce to come near the mid-point of the RBI inflation target of 4 per cent, said SBI Research in a report.
Lender State Bank of India (SBI) reported a 178 per cent rise in its net profit to Rs 16,884 crore in the April-June 2023 quarter against Rs 6,068 crore reported same period last year.
Analysis of insured customer deposits across multiple geographies initiated in the wake of bank runs across developed economies reveal US's top 10 banks deposits are insured in the range of 38.4-66 per cent, according to a research titled, Ecowrap, of the State Bank of India's Economic Resea
New Delhi [India], September 28 (ANI): It might be better for the Reserve Bank of India (RBI) to allow the rupee to depreciate a bit, letting it find its natural balance, said Soumya Kanti Ghosh in an SBI research report.