The question on everyone's mind is, will this be sustainable? The answer is not simple
Consumers spend 11% of their annual income on life insurance and 8% on health insurance, it says
A growing list of global asset managers are setting up credit funds in India as they look to fill the funding gap, which was created after a shadow banking crisis spooked India's financial sector
Bank profits will moderate in coming quarters
Meanwhile, chemical stocks saw selling worth Rs 207 crore, followed by metals and mining (Rs 157 crore) and textiles (Rs 156 crore)
The fintech space has witnessed a 60 per cent year-to-date slump in funding
S&P Global Ratings on Tuesday said a strong recovery is underway in the Indian financial sector and upgraded four financial institutions, including Union Bank of India and Bajaj Finance. The move reflects S&P's view that domestic financial institutions in India will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in the operating conditions. "S&P Global Ratings today upgraded Bajaj Finance, Hero FinCorp, Shriram Finance, and Union Bank of India... A strong recovery is underway in the Indian financial sector," S&P said. S&P expects India's financial institutions, especially the public sector banks, to sustain their improvement in capital positions. Bank earnings will also likely be comparable to other emerging market peers, although margins could decline as the banks reprice deposits. "We expect earnings for our rated non-bank finance companies to remain healthy despite pressure from the rising cost of ...
Among the reviews this week was a book on the history of the sedition law, a timely look at an archaic institution that has lived past its use-by date
While forceful actions by policymakers to a series of bank collapses have reduced investor anxiety, the financial markets remain fragile and stressed, the IMF said
US and European regulators ignored basic risk management. But why do regulators allow financial sector firms to gamble with depositors' money?
The plans by both nations have become more significant in the wake of the convulsions expected in the global financial market with the sudden collapse of the Silicon Valley Bank
Market valuations are becoming reasonable
Have exposure to bigger banks only, not small ones: SBI chairman Khara
There are chances of the central bank paying the government a higher dividend, which could allow for a surprise at the budget presentation on Feb 1
Global shares were mostly lower Thursday as investors grew cautious after Wall Street's biggest pullback of the year
Traders' body, the Confederation of All India Traders (CAIT) has urged the Union Finance Minister for financial support policies for small traders in the upcoming Budget
Coal currently accounts for 44 per cent of India's primary energy and 70 per cent of its power generation
Here is the best of Business Standard's opinion pieces for today
The sector is expected to outperform