India Needs Multiple World-Class Banks: FM
Finance Minister Nirmala Sitharaman pushes for banking sector transformation, emphasizing India's need for multiple large, world-class banks to support its expanding economy and compete globally.
Category : Search result: banking sector growth
India Retains Bank Shareholder Voting Rights Cap at 26%
Exclusive: Indian government plans to maintain 26% cap on voting rights for major bank shareholders, ensuring regulatory control while balancing foreign investment interests in banking sector reforms.
SBI vs HDFC: The Widening Valuation Gap Mystery
Discover why SBI trades at a significant discount to HDFC Bank despite similar asset growth. Analysis of NIMs, fee income, and market positioning reveals surprising insights about India's banking giants.
India Needs World-Class Banks: FM Sitharaman
Finance Minister Nirmala Sitharaman announces strategic discussions with RBI and banks to create large-scale, globally competitive Indian banking institutions that can drive economic growth.
Mphasis Banks on Financial Sector for Growth Surge
Indian IT giant Mphasis sees banking and financial services as key growth engine, with CEO Nitin Rakesh projecting strong revenue acceleration despite global headwinds.
India's services growth hits 5-month low on rains, competition
India's services sector expansion slowed to a five-month low in October as torrential rains and intense competition impacted business activity, according to the latest PMI data.
Car Loans Surge, Commercial Vehicles Lag in India
India's auto loan sector shows a surprising split: passenger vehicle financing accelerates post-GST cuts while commercial vehicle loans remain stuck in neutral. Discover the economic drivers behind this divergence.
Indian IT Navigates AI Storm with Top Client Focus
Discover how India's $245 billion IT industry is navigating AI uncertainties by strengthening relationships with top global clients while maintaining steady revenue growth.
PSU Banks Record ₹49,456 Cr Profit in Q2
India's public sector banks achieve historic quarterly profits with 9% growth, driven by reduced bad loans and improved interest income. Discover how state-owned lenders are transforming their financial landscape.
Credit-Deposit Ratio Breaches 80% in Festive October
India's banking sector witnesses robust credit growth as festive demand drives loan disbursements, pushing the credit-deposit ratio beyond 80% for the first time in recent history, according to CAREEdge Ratings analysis.
Indian Bank MD Backs Jharkhand's Economic Growth
Indian Bank's Managing Director Binod Kumar commits to accelerating Jharkhand's economic development through enhanced banking services, digital transformation, and robust credit support for key sectors.
SBI Predicts Consumption Boom from Tax & Rate Cuts
State Bank of India upgrades credit growth outlook as tax relief and potential rate cuts create perfect storm for consumer spending explosion. Get exclusive insights.
City Union Bank Stock Soars 8% to Record High
City Union Bank stock skyrockets to all-time high as Q2 results exceed expectations, delivering impressive 50% returns year-to-date. Read the full analysis of their stellar performance.
Indian Banks: Extended Margin Squeeze Ahead
Despite recent profitability, Indian banks confront sustained pressure on net interest margins as deposit costs rise and credit growth slows. Experts warn the worst may not be over yet.
Indian Banks Sell G-Secs Amid Liquidity Crunch
Indian banks are offloading government securities worth billions to address worsening liquidity conditions and meet surging credit demand as deposit growth lags significantly behind.
Industrial Credit Growth Slows to 7.3% in September
Latest RBI data reveals significant slowdown in bank lending to industry and personal loans, while NBFC funding also shows deceleration in September credit trends.
Belarus Appoints First Foreign Bank CEO from UAE
In a groundbreaking financial development, Belarus appoints its first foreign bank CEO from the UAE, creating unprecedented opportunities for Indian trade and investment in Eastern Europe.
Aadhaar Banking Rules Change Nov 1: New Charges
Major Aadhaar-enabled banking updates take effect November 1. Learn about new charges, transaction limits, and how these changes impact your banking experience.
Global Investors Flock to Indian Banking Sector
Discover why global investors are pouring billions into Indian banks as economic growth, digital transformation, and regulatory stability create unprecedented opportunities in the banking sector.
Gaza Banks Reopen But Cash Reserves Dry Up
As Gaza emerges from conflict, residents face a new battle - banks have reopened but cash reserves have dried up, leaving thousands unable to access their savings and salaries.
SEBI Sets Timeline for Banking Derivatives Overhaul
Market regulator SEBI announces concrete timeline for derivatives restructuring on banking indices to deepen sector representation and enhance market efficiency. Key changes coming to Bank Nifty, Bankex, and Finnifty.
Liquid Credit Crisis Benefits India's Private Lenders
As traditional liquid credit markets face turmoil, Ares Management reveals why Indian private lenders are positioned to capitalize on this disruption and fill the funding gap.
India's Economic Boom: Domestic Demand & US Trade Deal Boost
India's robust domestic consumption and a potential trade agreement with the US could dramatically boost exports and accelerate industrial growth, according to a new economic analysis.
Service Sector Creates 3X More Jobs Than Manufacturing: NITI Aayog
New NITI Aayog data shows India's service sector generated 3.7X more employment than manufacturing between 2017-2023, signaling a major shift in the country's job landscape.
Ex-Bank Manager Arrested in Mumbai Fraud Case
A former bank manager faces CBI custody in Mumbai for allegedly cheating customers of crores. ED investigates money laundering angle in the banking fraud case.
India's Industrial Output Steady at 4% in September
India's industrial production maintained a steady 4% growth in September 2023, with manufacturing sector showing robust performance despite global headwinds. Key sectors including mining and electricity also contributed to the positive economic indicators
India's Factory Output Steady at 4% in September
India's industrial sector demonstrates resilience as factory output maintains 4% growth in September. Infrastructure and manufacturing emerge as strong performers, while mining activity shows signs of moderation.
India's industrial growth hits 3-month low at 5.8%
India's industrial output growth slowed to 5.8% in September, marking the weakest performance in three months. Manufacturing and mining sectors show concerning deceleration despite overall economic resilience.
Union Bank & Indian Bank Get RBI Nod for Overseas Merger
In a strategic banking sector reform, Union Bank of India and Indian Bank receive RBI approval to merge overseas operations. This landmark decision enhances international presence across 13+ countries including UK, UAE, and Hong Kong.
Foreign Investors Bet Big on Indian Private Banks
Discover why global investors are pouring money into Indian private banks and what this signals about the health and future prospects of India's banking sector.
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