Bank Of America

Gross borrowings by Indian states have jumped almost 20 per cent this fiscal year from 2024 as growth in tax revenues slowed, while they beefed up spending

Bank of America has set a Nifty target of 29,000 for 2026, saying limited valuation upside means returns will hinge on earnings growth, with large-caps expected to outperform mid- and small-caps

Sahu will report to Jin Su, president of Asia Pacific, Bank of America

The Adani Group, with a $200-billion market capitalisation, continues to enjoy global funding access and stable credit metrics despite market volatility and regulatory scrutiny, says BofA

Winnie Chen says real-time domestic payments are shaping expectations for faster, seamless cross-border transfers and stablecoin adoption

Bank of America named Dean Athanasia and Jim DeMare as co-presidents reporting to CEO Brian Moynihan, while Alastair Borthwick adds executive VP title to his CFO role

Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said

India is a fascinating growth story. It is one the world's fastest growing major economies globally, says Jin Su

Data from Pune-based consultancy Wizmatic shows that there were about 24 GCCs with annual revenue of more than $1 billion in FY24; that number is expected to grow by five or six more such players

Rivals JPMorgan Chase and Goldman Sachs have also reported stronger performance from their trading businesses

Sahu has over 25 years of experience and holds a bachelor's degree from St. Stephen's College, Delhi, and attained a master's degree in the US

Global Equity Research Head Vikram Sahu is expected to lead Bank of America's India operations, relocate in second half of year

JPMorgan's leadership is pushing for increased efficiency, with Jamie Dimon instructing departments to achieve 10% productivity improvements

This segment, dominated by infrastructure-related firms, beat the broader stock market handily in the past two years

The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo , and Citigroup, whose results were buoyed by stronger equity markets

They follow Wells Fargo and Goldman Sachs, which both left the alliance earlier this month

The deal marks a major milestone for HomeStreet as it maps out a path to profitability after four consecutive quarters of adjusted losses

Heads of India's leading foreign banks discuss the key to success on Indian turf in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

The lenders now poised to acquire Tupperware include Alden Global Capital, Stonehill Institutional Partners and a trading desk of Bank of America

BofA's investment banking fees jumped 18 per cent to $1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent months