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A Standard Chartered Bank report on sustainable banking, is based on investor interest from a survey of 1,800 respondents in 10 growth markets across Asia, Africa and the Middle East.
Lower prices and ample stockpiles have helped make India one of the top shippers globally over the past decade, recently accounting for almost 40 percent of the total
In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards and improved risk-management practices.
In its report on South Asia sovereigns, Moody's said compared with other South Asian economies, India appears to be in a better position to deepen its integration in global value chains, attract FDI and increase exports.
India’s economy is expected to expand 6.3% this fiscal year, the fastest-growing major economy in the world. But the rupee is not reflecting that optimism, having hit a record low of 83.29/$ earlier this month.
The city-headquartered lender's asset liability committee, which met on November 7, decided to hike the marginal cost of funding based lending rates by 0.05 per cent, officials said.
She was speaking at a function to open 12 GST Suvidha Kendras in Gujarat from here, which will help business establishments to have flawless GST registration and will help them resolve their issues at such centres.
The Federal Reserve left interest rates unchanged on Wednesday while still keeping alive the possibility of more hikes given inflation remains above its 2% target and economic growth is strong.
The total production however, fell by almost 1 million tonne compared to the third advanced estimates put out by the agriculture ministry in May this year
According to the state government estimate, sugarcane production in Karnataka is estimated to be lower at 520 lakh tonne in 2023-24, compared with 705 lakh tonne in the previous season.
The increasing prices may prompt the government to release more stocks from inventories and eliminate import duties on the cereal to bolster supplies and control prices ahead of important state assembly elections and a general election next year.
The wholesale price index (WPI)-based inflation rate has been in the negative since April and was (-)0.52 per cent in August. In September last year, it was 10.55 per cent.
A delayed monsoon withdrawal and resultant persistent humidity has led to higher temperatures and increased discomfort, as per India Meteorological Department.
At present, over Rs 12,000 crore of notes are still in circulation, Das said, reiterating that the notes can be returned even after the end of the extended period.
Earlier in the day, Das said certain components of personal loans are recording very high growth and the RBI is closely monitoring the same for any signs of incipient stress.
High distilled or extra neutral alcohol contains 95% alcohol by volume and is used for producing liquor and for industrial purposes.
In case of a status quo, interest rates for retail, as well as corporate borrowers, would remain stable.
The cumulative coal production up to September increased to 428.25 MT in the ongoing fiscal, over 382.16 MT in the year-ago period, registering a growth of 12.06 per cent, the coal ministry statement said.
As per the World Bank's remittance prices worldwide database, the global average cost of a retail size of remittance (retail size - USD 200) was 6.2 per cent in the fourth quarter of 2022.
The central bank said on September 1 that Rs 2,000 banknotes worth Rs 3.32 lakh crore, or 93 percent of these currency notes in circulation, had returned to the banking system
the workers get every year ahead of the festive season. The railways pay PLB, which is equivalent to 78 days' wages, to all non-gazetted employees (Group C and Group D) as an incentive to increase productivity and ensure safety. The PLB is calculated on the basis of the minimum salary paid to the lowest grade (Group D) employees.
With some taxpayers taking to social media about receiving intimation from the I-T department regarding past unsettled tax demands, the department in a post on 'X' said, this is a taxpayer-friendly measure where an opportunity is being provided to assessees in line with "principles of natural justice".
India imports palm oil mainly from Indonesia and Malaysia, and a small quantity of crude soft oil, including soybean from Argentina.
The total journey from New Delhi station to newly-built Yashobhoomi Dwarka Sector 25 station will take about 21 minutes, they said.
The India-Canada negotiations were re-launched in March 2022 after the countries held the fifth Ministerial Dialogue on Trade & Investment
