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NCLAT, BFSI News, ET BFSI

NCLAT, BFSI News, ET BFSI

The National Company Law Appellate Tribunal (NCLAT) on Wednesday stated that it would not entertain more requests for adjournment in the State Bank of India (SBI)-led consortium of lender’s appeal against Jalan-Kalrock Consortium (JKC).“We make it clear that no...

India’s Finance Ministry, ET BFSI

India’s Finance Ministry, ET BFSI

With uncertainties linked to higher food and energy prices persisting amid geopolitical tensions, the Finance Ministry in its monthly review has said that risks of recession may reappear in 2024.Global trade numbers are expected to be under pressure owing to a...

Here’s what the employees said, ET BFSI

Here’s what the employees said, ET BFSI

After the OpenAI board fired CEO Sam Altman, more than 500 employees also threatened to resign. The turmoil at OpenAI over the weekend provided an opportunity to competitors like Google to reportedly poach some talent from the Microsoft-backed company. One of them was...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

India's economy achieved a historic milestone on Sunday when its Gross Domestic Product (GDP) crossed the $4 trillion-mark in nominal terms for the first time ever, according to several media reports.Neither the finance ministry nor the National Statistical Office...

RBI, BFSI News, ET BFSI

RBI, BFSI News, ET BFSI

The Reserve Bank of India expects the Indian GDP to be ‘gaining momentum’ in Quarter 3 of FY24 due to festive demands. The bulletin released by RBI on Thursday says that “investment demand appears to be resilient with the government’s infrastructure spending” which...

Jasmit Singh Gujral, ET BFSI

Jasmit Singh Gujral, ET BFSI

With the market getting crowded with wholesale asset reconstruction companies or ARCs, financial services conglomerate Shriram Group's decision to focus on retail ARC is seen as a foray at the "right time," said a top official. The Shriram group recently announced its...

Are you eligible to claim a refund? Check here, ET BFSI

Are you eligible to claim a refund? Check here, ET BFSI

The Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal was launched on July 18, 2023. This is an online portal to process refunds of four Sahara Group Co-operative Societies depositors.As of now, not all investors are eligible to claim for a refund...

The last 10 years, BFSI News, ET BFSI

The last 10 years, BFSI News, ET BFSI

Over the recent years, the financial landscape has transformed with rising demand for Bitcoin. While Gold and the US Dollar have long held their positions as stalwart players, Bitcoin has boldly entered the race, establishing itself as an emerging asset class. Each of...

N K Singh, ET BFSI

N K Singh, ET BFSI

Annual private capital mobilisation by multilateral development banks needs to quadruple to $240 billion by 2030, co-chair of the Independent Expert Group of MDB reforms set up under India’s G20 presidency N K Singh said, while cautioning against a piecemeal approach...

Petitioner seeks early Supreme Court hearing, ET BFSI

Petitioner seeks early Supreme Court hearing, ET BFSI

NEW DELHI: A petitioner in the matter relating to the Hindenburg report on Adani Group has sought early listing and subsequent hearing before the Supreme Court on Monday.Advocate Prashant Bhushan, appearing for one of the petitioners, informed the top court that the...

Official, BFSI News, ET BFSI

Official, BFSI News, ET BFSI

New Delhi, Negotiations between senior officials of India and the UK on the proposed free trade agreement are going on with a view to bridge differences on issues related to goods and services sector, a senior government official said. "Talks on the 13th round is...

Recognising and rewarding excellence, ET BFSI

Recognising and rewarding excellence, ET BFSI

India is set to become the 3rd largest consumer economy by 2030, driven by a young population comprising 65% below the age of 35 years. In this journey, digital adoption continues to be propelled by rural India, and BFSI industry has been a flag-bearer of the...

Creating a Marketplace, BFSI News, ET BFSI

Creating a Marketplace, BFSI News, ET BFSI

Whether it's about booking a flight or taking a cab via ride-hailing apps, from shopping to ordering food, from studying abroad or playing games online, it's a new Marketplace fuelled by finance.The demand is changing and there is a need for a Marketplace for...

Inflation picks up in US, Tokyo, BFSI News, ET BFSI

Inflation picks up in US, Tokyo, BFSI News, ET BFSI

US underlying inflation picked up along with consumer spending as the third quarter drew to a close, government figures showed ahead of the Federal Reserve’s penultimate policy meeting of the year.Consumer price growth also gathered pace in Tokyo, an indicator of...

Niti Aayog CEO, ET BFSI

Niti Aayog CEO, ET BFSI

NEW DELHI: Niti Aayog CEO BVR Subrahmanyam on Sunday said a vision document is being prepared for India to become a developed economy of about USD 30 trillion by 2047. The vision document will outline the institutional and structural changes/ reforms that will be...

Finance ministry report, BFSI News, ET BFSI

Finance ministry report, BFSI News, ET BFSI

NEW DELHI: Domestic macro fundamentals remain strong and are improving but downside risks arise from global headwinds and uncertainties in weather conditions, the finance ministry's monthly economic report for September said.The report, which was released on Monday,...

How AI is revolutionising the use of QR codes, ET BFSI

How AI is revolutionising the use of QR codes, ET BFSI

The surge of contactless payments, particularly in vast markets like India, has brought QR codes to the fingertips of almost every consumer. This ubiquitous technology is now witnessing a fusion with artificial intelligence (AI), ushering in new levels of utility and...

PwC India survey, ET BFSI

PwC India survey, ET BFSI

New Delhi: Crisis management, cyber resilience, and handling emergencies have taken centre stage, prompting corporates to take pre-emptive actions to deal with them, a PwC India survey said. According to India's Crisis and Resilience Survey 2023, the looming spectre...

Finance Ministry report, ET BFSI

Finance Ministry report, ET BFSI

New Delhi, India will remain the fastest-growing major economy in the world in 2023-24 fiscal on the back of strong domestic fundamentals and benign inflation expectations, a finance ministry report said on Monday. The September edition of the Monthly Economic Review...

Fin Min Eco Review, ET BFSI

Fin Min Eco Review, ET BFSI

The Indian economic growth is majorly being driven by strong private consumption in the recent period, even as two new drivers of growth have emerged, the Finance Ministry said in its latest monthly economic review. Further, the report says that India's fiscal...

Rbi, BFSI News, ET BFSI

Rbi, BFSI News, ET BFSI

Mumbai: High-frequency indicators point to a broad-based gaining of growth momentum, while moderating inflation bolsters macroeconomic fundamentals, the ‘state of the economy’ report published by RBI said.Higher year-on-year growth in air cargo, railway freight and...

IMF director (Asia-Pacific) Krishna Srinivasan, ET BFSI

IMF director (Asia-Pacific) Krishna Srinivasan, ET BFSI

Last week, RBI governor Shaktikanta Das took on IMF over its stand on currency market intervention. In an interview, IMF director for Asia-Pacific Krishna Srinivasan explains the multilateral agency’s stand on the issue, while suggesting that countries like India...

Tyler Dickson, Investment Banking Head, Citi, ET BFSI

Tyler Dickson, Investment Banking Head, Citi, ET BFSI

While global macroeconomic headwinds drive volatility in markets, India saw strong merger and acquisition (M&A) activities in 2023. The Indian IPO market saw a flurry of activity with stock markets toting up the greatest number ofnew listings in 2023 globally....

FICCI Economic Outlook Survey, ET BFSI

FICCI Economic Outlook Survey, ET BFSI

The Indian economy is projected to grow by 6.3 per cent in FY24 with a minimum and maximum growth estimate of 6.0 per cent and 6.6 per cent respectively, according to the latest Economic Outlook Survey released by the Federation of Indian Chambers of Commerce and...

PM Modi at Global Maritime India Summit, ET BFSI

PM Modi at Global Maritime India Summit, ET BFSI

Prime Minister Narendra Modi on Tuesday said the day is not far when India will be among the top three global economies, adding that everyone was looking at India in the hope that it will lead the efforts for a new world order.Inaugurating the three-day Global...

World Bank chief economist Indermit Gill, ET BFSI

World Bank chief economist Indermit Gill, ET BFSI

There is now a consensus that interest rates are going to be higher for longer, but there is less agreement about how much higher and how much longer, said Indermit Gill, chief economist, World Bank. In an interview with Deepshikha Sikarwar on the side lines of G20...

IMF MD, BFSI News, ET BFSI

IMF MD, BFSI News, ET BFSI

Marrakech (Morocco): The Israel-Hamas conflict is a new cloud darkening the global economic outlook, International Monetary Fund (IMF) managing director Kristalina Georgieva said Thursday, mooting smartly packaged reforms to lift growth experiencing severe shocks. "We...

World Bank, BFSI News, ET BFSI

World Bank, BFSI News, ET BFSI

MARRAKECH: World Bank group's India-born chief economist Indermit Gill is upbeat on India's focus on infrastructure, digital public goods and overall economic management. In an interview with TOI, he calls for special attention on lowering debt, pushing manufacturing...

HDFC Bank Chairman Atanu Chakraborty, ET BFSI

HDFC Bank Chairman Atanu Chakraborty, ET BFSI

India is expected to become a USD 30-trillion economy by 2050 pushed by robust consumption and exports, HDFC Bank chairman and former economic affairs secretary Atanu Chakraborty said on Wednesday.International financial institutions have projected India's growth to...

World Bank chief economist, ET BFSI

World Bank chief economist, ET BFSI

Rising debt levels among "seemingly healthy" countries in Asia could drag growth in the region below currently forecast levels, World Bank Chief Economist Indermit Gill told Reuters in an interview on Monday.Gill said he remained critical of the slow pace of debt...

RBI Guv, BFSI News, ET BFSI

RBI Guv, BFSI News, ET BFSI

Mumbai, India is poised to become the new growth engine of the world, Reserve Bank of India Governor Shaktikanta Das said on Friday as the central bank retained the country's GDP growth forecast at 6.5 per cent for 2023-24, notwithstanding the slowing global economy....

Finance minister Nirmala Sitharaman, ET BFSI

Finance minister Nirmala Sitharaman, ET BFSI

NEW DELHI: Finance minister Nirmala Sitharaman on Thursday said political stability and policy consistency will be crucial for India to emerge as the world's third largest economy, a goal that PM Narendra Modi expects to be achieved by 2029."For anyone who indicates...

SoftBank CEO Masayoshi Son, ET BFSI

SoftBank CEO Masayoshi Son, ET BFSI

SoftBank CEO Masayoshi Son said he believes artificial general intelligence (AGI), artificial intelligence that surpasses human intelligence in almost all areas, will be realised within 10 years.Speaking at the SoftBank World corporate conference, Son said he believes...

Former NITI Aayog Vice Chairman Rajiv Kumar, ET BFSI

Former NITI Aayog Vice Chairman Rajiv Kumar, ET BFSI

Niti Aayog Vice Chairman Rajiv KumarNew Delhi: The Indian economy will grow at around 6.5 per cent in the current fiscal as the country's macroeconomic situation is benefiting from the reforms that have been taken up in the last nine years by the Narendra Modi-led...

Former NITI Aayog Vice Chairman Rajiv Kumar, ET BFSI

Former NITI Aayog Vice Chairman Rajiv Kumar, ET BFSI

New Delhi, ) The Indian economy will grow at around 6.5 per cent in the current fiscal as the country's macroeconomic situation is benefiting from the reforms that have been taken up in the last nine years by the Narendra Modi-led government, former NITI Aayog Vice...

Mastercard India chief, ET BFSI

Mastercard India chief, ET BFSI

Chairman of Mastercard India Rajnish Kumar on Thursday said that the trust of the depositors is with the banking system and not with fintech companies. Speaking at the CII banking conclave here, Kumar, also the former chairman of the State Bank of India (SBI), said...

UK economy grows 0.2% in Q2 2023, BFSI News, ET BFSI

UK economy grows 0.2% in Q2 2023, BFSI News, ET BFSI

British gross domestic product in the second quarter of 2023 was 0.2% higher than the quarter before, figures from the Office for National Statistics showed on Friday.Economists polled by Reuters had forecast a reading showing quarterly growth of 0.2%, unchanged from...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

Mumbai: The credit growth is likely to moderate to 13-13.5 per cent this fiscal but will improve slightly to 13.5-14 per cent next financial year as the economic pace picks up, according to a report. The biggest factor driving the moderation is low demand in wholesale...

RBI DG Patra, ET BFSI

RBI DG Patra, ET BFSI

India will be a USD 5 trillion economy and the third largest in the world by market exchange rates by 2027, aided by the demographic advantage and pace of financial sector development, Reserve Bank Deputy Governor Michael D Patra has said. Delivering a speech at the...

RBI DG Patra, ET BFSI

RBI DG Patra, ET BFSI

India will be a USD 5 trillion economy and the third largest in the world by market exchange rates by 2027, aided by the demographic advantage and pace of financial sector development, Reserve Bank Deputy Governor Michael D Patra has said. Delivering a speech at the...

Finance ministry on dip in household savings, ET BFSI

Finance ministry on dip in household savings, ET BFSI

NEW DELHI: The finance ministry on Thursday dismissed the criticism over the impact of declining household savings on the economy, saying people are investing in different financial products and "there is no distress".The statement posted on X by the ministry brushed...

Consumer Affairs Secy, ET BFSI

Consumer Affairs Secy, ET BFSI

The grievance redressal mechanism of many big e-commerce players is not up to the mark as the number of complaints received by the National Consumer Helpline has risen sharply over the last four years, Consumer Affairs Secretary Rohit Kumar Singh said on Thursday....

A Glimpse into the Future, ET BFSI

A Glimpse into the Future, ET BFSI

The BFSI (Banking, Financial Services, and Insurance) sector has always been at the forefront of technological change. In the digital age, where convenience, speed, and customer-centricity reign supreme, the need for innovation has never been more critical. In this...

RBI MPC member Ashima Goyal, ET BFSI

RBI MPC member Ashima Goyal, ET BFSI

New Delhi, The Indian economy has started doing well even in an unsupportive global environment, as the Modi-led government implemented various reforms in the last nine years, resulting in improvements in key macroeconomic indicators, according to RBI Monetary Policy...

Key points of women’s reservation bill, ET BFSI

Key points of women’s reservation bill, ET BFSI

NEW DELHI: Prime Minister Narendra Modi on Tuesday called on MPs to forget all past bitterness and start a new chapter, asserting that whatever they are going to do in the new complex, should be an inspiration for every citizen in the country.The Prime Minister said...

It’s time to be at Home, BFSI News, ET BFSI

It’s time to be at Home, BFSI News, ET BFSI

“Housing wealth – the net equity held by households, consisting of the value of their homes minus their mortgage debt - is the most important source of wealth for all,” said Janet Yellen, the economist and former Chair of US Federal Reserve. Globally, real estate is...

Google McKinsey report, ET BFSI

Google McKinsey report, ET BFSI

New Delhi, The integration of AI with digital solutions is set to enable India's BFSI sector to unlock access to its entire spectrum of products for over 700 million internet users in the country, according to a Google and McKinsey report. Around 87 per cent of...

RBI leads re-rating India, BFSI News, ET BFSI

RBI leads re-rating India, BFSI News, ET BFSI

The top rating of A+ for RBI governor Shaktikanta Das by Global Finance magazine, comes at a time when India's sovereign rating is stuck at the lowest rung of the investment grade, as announced by all three major rating agencies. The low country or sovereign rating...

Ajay Banga, President, World Bank, ET BFSI

Ajay Banga, President, World Bank, ET BFSI

India has got a lot of things right, World Bank president Ajay Banga said in an interview with ET, adding that he's more optimistic about the country economically than he was 20-30 years ago. Banga, who was in Delhi for the G20 summit, spoke about the changing vision...

A $100 Million global demo day for Startups, ET BFSI

A $100 Million global demo day for Startups, ET BFSI

9Unicorns, a prominent multistage accelerator VC fund in India, has officially announced the upcoming launch of DDay 4, marking its fourth consecutive demo day scheduled for October 5, 2023.Based in Mumbai, this venture capital firm boasts a portfolio that includes...

DPIIT secretary Rajesh Kumar Singh, ET BFSI

DPIIT secretary Rajesh Kumar Singh, ET BFSI

New Delhi: The government is looking at further easing foreign direct investment (FDI) norms in the space sector to attract overseas players, a top official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar...

Lula da Silva, ET BFSI

Lula da Silva, ET BFSI

Brazilian President Luiz Inacio Lula da Silva on Monday said that Brazil will put the inequality issue as the core issue during the G20 Summit under its Presidency and said it was a huge challenge for Brazil to take over the G20 presidency."We will put inequality at...

Key takeaways from G20 Summit 2023 consensus, ET BFSI

Key takeaways from G20 Summit 2023 consensus, ET BFSI

Under India’s Presidency, G20 on Saturday reached a consensus on ‘New Delhi G20 Leaders' Summit Declaration’ and announced its adoption.Among the key issues discussed at the meeting were building Digital Public Infrastructure, Digital Economy, Cryptoassets, CBDC,...

All you need to know about it, ET BFSI

All you need to know about it, ET BFSI

NEW DELHI: It's official now. After trying to get a seat at the the G20 table for many years, the African Union formally assumed its position as a new member of the G20 on Saturday, following an invitation from the summit host, Prime Minister Narendra Modi. It is the...

Modi and Sunak’s bilateral meet begins, ET BFSI

Modi and Sunak’s bilateral meet begins, ET BFSI

World leaders assembled in New Delhi as India plays host at the G20 Summit. India took over the G20 presidency on December 1 last year and organized approximately 200 meetings related to the G20 in 60 cities across the nation. World leaders, including US President Joe...

Barclays, BFSI News, ET BFSI

Barclays, BFSI News, ET BFSI

A majority government post the 2024 general elections may pivot India towards a higher 8% growth, which will help overtake China as the biggest contributor to global growth, according to the latest Barclays research."India is sto remain the fastest-growing major...

RBI Guv Shaktikanta Das, ET BFSI

RBI Guv Shaktikanta Das, ET BFSI

Monetary policy measures are taken with future projections of inflation and growth rather than data of the past, Reserve Bank of India Governor Shaktikanta Das said, highlighting that recent inflation numbers would weigh less than what it expects to be in the medium...

India’s journey to $30 trillion GDP future, ET BFSI

India’s journey to $30 trillion GDP future, ET BFSI

In a momentous achievement, India etched its name in history on August 23rd, 2023, by becoming the first country to reach the southern pole of the Moon with the successful Chandrayaan 3 mission. Joining an exclusive league, India stands as the fourth nation to land on...

RBI Guv Shaktikanta Das, ET BFSI

RBI Guv Shaktikanta Das, ET BFSI

Speaking at the G20 TechSprint Finale on Monday, the Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted the need for bringing in solutions to tackle the key challenges to existing cross border payments including high cost, low speed, limited access and...

FSB to G20 leaders, ET BFSI

FSB to G20 leaders, ET BFSI

Ahead of the G20 Summit here, Switzerland-based Financial Stability Board (FSB) on Tuesday warned that higher interest rates alongside a slowing growth outlook, could impair the capacity of borrowers to service historically high levels of debt. The FSB has published...

Digital Inclusion and Transformation, ET BFSI

Digital Inclusion and Transformation, ET BFSI

We are living in an era where over 80% of Indians have a bank account and around 76% of transactions of the total GDP are happening digitally. Also, there are reports saying that soon the UPI will reach $1 billion in transactions per day in India.Earlier, big...

MPC member Jayanth Varma, ET BFSI

MPC member Jayanth Varma, ET BFSI

The ongoing phase of high inflation will not last beyond a few months as monetary policy is tight enough to keep food price shocks from feeding into broader price pressures, said Jayanth Varma, external member of the Monetary Policy Committee (MPC). In an interview to...

SBI chairman Dinesh Kumar Khara, ET BFSI

SBI chairman Dinesh Kumar Khara, ET BFSI

India has leapfrogged over the last decade, and other countries can learn from the financial inclusion model and move much faster, said Dinesh Kumar Khara, SBI Chairman, on Thursday.“If you look at it in our country, I think it's a lesson for all of the globe on how...

FM Nirmala Sitharaman, ET BFSI

FM Nirmala Sitharaman, ET BFSI

Central banks need to be cognizant of growth- and growth-related priorities even while equally looking at curbing inflation, finance minister Nirmala Sitharaman said Friday, while highlighting the unnecessary priority given to interest rates as a policy tool to curb...

WEF President Borge Brende, ET BFSI

WEF President Borge Brende, ET BFSI

India will be the third-largest economy in the world in a few years, but it's important for India to continue reforms, build better infrastructure, and invest in education, World Economic Forum (WEF) President Borge Brende said at the B20 Summit in New Delhi on...

PM Modi at BRICS Summit, ET BFSI

PM Modi at BRICS Summit, ET BFSI

Prime Minister of India Narendra Modi and South African President Cyril Ramaphosa arrive at the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23.While addressing the 15th BRICS Summit in Johannesburg, Prime Minister...

PM Modi in virtual address at G20 meet, ET BFSI

PM Modi in virtual address at G20 meet, ET BFSI

New Delhi [India], August 24 (ANI): Prime Minister Narendra Modi on Thursday said India has moved from "red tape" to "red carpet" and has enabled unfettered Foreign Direct Investment (FDI) inflows in the last nine years.In a virtual address to the G20 Trade and...

ICRA, BFSI News, ET BFSI

ICRA, BFSI News, ET BFSI

New Reserve Bank of India (RBI) norms for infrastructure debt funds (IDFs) opens up new avenues of funding and capital raising and also provides these companies with wider segments for lending. However, easier guidelines alao mean that these companies will have to...

Das, BFSI News, ET BFSI

Das, BFSI News, ET BFSI

Mumbai: RBI governor Shaktikanta Das has said there will be a slowdown in vegetable inflation from September, with the July spike correcting in August, led by tomato prices. The governor, however, called for supply side interventions to limit the impact and duration...

PM Modi, BFSI News, ET BFSI

PM Modi, BFSI News, ET BFSI

Prime Minister Narendra Modi on Thursday said India is seen as a combination of openness, opportunities and options as the world sees optimism and confidence in the Indian economy.In a video message at the G20 Trade and Investment Minister's meeting, prime minister...

PM to G20 ministers, ET BFSI

PM to G20 ministers, ET BFSI

Jaipur, Prime Minister Narendra Modi on Thursday suggested the G20 trade ministers to work collectively to ensure equitable competition between large and small sellers as there are challenges in the fast growing cross-border e-commerce. In a video message at the G20...

S African Prez Ramaphosa at Brics meet, ET BFSI

S African Prez Ramaphosa at Brics meet, ET BFSI

JOHANNESBURG: The new wave of protectionism and the subsequent impact of unilateral measures that are incompatible with WTO rules undermine global economic growth and development, South African President Cyril Ramaphosa said as he opened the 15th Brics Summit on...

Pragyan to roll out soon, BFSI News, ET BFSI

Pragyan to roll out soon, BFSI News, ET BFSI

BENGALURU: India is on the Moon! In the next couple of hours, Pragyan the Chandrayaan-3 rover which is sitting in the lander’s (Vikram) belly is expected to emerge and roll out onto the lunar surface. A success at this will make Chandrayaan-3’s more...

Relax about NRI-PIO fund transfers, BFSI News, ET BFSI

Relax about NRI-PIO fund transfers, BFSI News, ET BFSI

When old mindset and anxieties of the officialdom confront new realities, the aberrations in rules become obvious. One such oddity is the limit of $1 million a year, unchanged for two decades, that NRIs and PIOs can take out of the country after sale of inherited...

Europe inflation high, US economy recovering, ET BFSI

Europe inflation high, US economy recovering, ET BFSI

China’s central bank unexpectedly lowered a key interest rate in a bid to invigorate an economy beset by a deepening property slump and lackluster consumer demand.Data this week showed home prices in China fell for a second month in July, while industrial production...

Min Launches Msme Helpdesk In Koc, BFSI News, ET BFSI

Min Launches Msme Helpdesk In Koc, BFSI News, ET BFSI

Kochi: The department of industries and commerce of the state in association with Institute of Chartered Accountants of India (ICAI), Kerala Chapter, launched a state-level micro, small and medium enterprises (MSME) helpdesk in Kochi on Saturday.Minister for law,...

Survey, BFSI News, ET BFSI

Survey, BFSI News, ET BFSI

Leading software reviews and selection platform Capterra India, recently released the results of its “Digitalisation of Indian SMEs survey- Part II”, a new study capturing the voice of small and medium businesses in India. The findings reveal key insights around the...

RBI paper, BFSI News, ET BFSI

RBI paper, BFSI News, ET BFSI

NEW DELHI: The total cost of projects sanctioned by banks and financial institutions during 2022-23 increased to a record high of Rs 2,66,547 crore, highlighting the effect of the government's efforts to push capital expenditure.A Reserve Bank of India (RBI) paper...

MoS IT Rajeev Chandrasekhar, ET BFSI

MoS IT Rajeev Chandrasekhar, ET BFSI

Union MoS for Electronics and Information Technology Rajeev Chandrasekhar during the inauguration the G20 Digital Innovation Alliance Summit 2023 in Bengaluru on Thursday. (PTI Photo)Union Minister of State for Electronics and Information Technology Rajeev...

Crisil, BFSI News, ET BFSI

Crisil, BFSI News, ET BFSI

Urban poor have been the most impacted by 15-month high consumer price inflation (CPI) in July, a domestic rating agency's arm said on Wednesday. The high-income segment in urban areas faced the lowest inflation burden, as food has a relatively low share in their...

Finance minister Nirmala Sitharaman, ET BFSI

Finance minister Nirmala Sitharaman, ET BFSI

Finance minister Nirmala Sitharaman Thursday said India remains in a "rare position of being optimistic" about its future growth prospects even when the global economy is undergoing a period of gloomy growth and elevated inflation.She pledged more steps to boost...

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