News related to
Bank

By Harihar Swarup As the polls for five Assemblies elections are over— and Rajasthan and Telangana have become unexpectedly exciting, with the Congress putting up a fight—it’s time to capture some broad trends. What is striking are the areas where consensus is now developing across parties, and one of them is the need to provide […]

The post State Assembly Polls Showed Congress And BJP Competing On Granting More Freebies first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The attrition at private banks has been high in recent years as the workload of employees has increased. Additionally, intense competition from fintechs and new-age lenders has also led to poaching of employees, said experts. At a recent public event, Reserve Bank of India (RBI) Governor Shaktikanta Das noted that the attrition at private […]

The post High Attrition Keeps Private Banks On Their Toes first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s gross domestic product (GDP) grew at 7.6 per cent in the September quarter of 2023-24, outperforming expectations by a wide margin as manufacturing and construction activities expanded by double digits. These figures signalled that economic recovery was well underway in Asia’s third-largest economy, despite the current adverse geopolitical situation. While the Reserve […]

The post India’s GDP Expands 7.6 Per Cent In Q2; Manufacturing, Construction Lead The Charge first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s core sector output, that measures production by eight industries, grew 12.1 per cent in October compared to the same time last year, the government said on Thursday. A low base effect and double-digit growth in four industries – electricity, coal, steel, and cement – drove up production. The core sector output had […]

The post Core Growth Surges 12.1% In October, Govt Capex Push Plays Key Role first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Despite the fiscal challenges faced by state governments, they will continue to play an important role in boosting the capex and in turn the economic growth of the country, India Ratings said in a report. This could be gauged from the fact that during FY11-FY18 (BE), nearly three-fourths of the combined developmental capex […]

The post State Capex Has Strong Impact On Quality Of Life, Income Generation: India Ratings first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Banks’ non-food credit grew nearly 20% year-on-year (YoY) in October, compared with an 18.3% growth during the same period last year, Reserve Bank of India (RBI)’s sectoral credit deployment data showed on Thursday. Excluding the impact of the HDFC merger, banks’ non-food credit grew 15.3%. In absolute terms, banks’ outstanding credit stood at Rs […]

The post Banks’ Non-Food Credit Grows 20% In October first appeared on Latest India news, analysis and reports on IPA Newspack.

Exit polls that predicted a primacy of Congress in Chhattisgarh and Telangana and that of the BJP in Rajasthan and Madhya Pradesh, have been hotly contested by both camps in states they were predicted to lose. While exit polls are known to get it wrong many a time, their predictions proved a touchy topic in […]

The post BJP, Cong brush off exit poll results, cite victory factors first appeared on Latest India news, analysis and reports on IPA Newspack.

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based Organization for Economic Cooperation and Development estimated Wednesday that international growth would slow to 2.7% in 2024 from an expected 2.9% pace this year. That […]

The post World Economy Will Slow In 2024 Because Of Inflation, High Rates, War: OECD first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava Any amount of money that is being spent on the Dalits and poor in the management of RSS-BJP’s political perception is a national waste. During the UPA era, the Sangh had used its might to try foil Dr Manmohan Singh’s move to get the Food Security Bill passed by the Parliament. While […]

The post Modi’s Design To Deny Education To His Favoured Electoral Base first appeared on Latest India news, analysis and reports on IPA Newspack.

By Krishna Jha November 3 this year marked the centenary of the great trade union leader in banking, H L Parwana. On this day we recall him and his contributions to the history of banking industry in our country. For the cause of banking he sacrificed his life, and toiled to emancipate the bank employees […]

The post Decoding The Famous Trade Union Leader H L Parwana In His Birth Centenary Year first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: Corporate bond issuances rebounded in November following a decline in October as the market gained certainty after the US Federal Reserve adopted a dovish stance, according to market participants. In October, fundraising through corporate bonds experienced a 40 per cent drop, primarily driven by an increase in the cost of borrowing. Estimates suggest that […]

The post Corporate Bond Issuances Rebound In November As Market Gains Stability first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: Nine months after converting the dues worth Rs 16,133 crore of Vodafone Idea payable to the government on account of spectrum fee, into equity, the department of telecommunications (DoT) has asked the department of investment and public asset management (DIPAM) whether some portion can be offloaded in the market. As part of the […]

The post Govt Has No Plan To Dilute Stake In Vodafone Idea For Now first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: India’s GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled ‘China Slows India Grows’, S&P said it expects Asia-Pacific’s growth engine to shift from China to South and Southeast Asia. “We project China’s GDP […]

The post ‘China Slows, India Grows’: S&P Pegs 7% Growth For India By 2026 first appeared on Latest India news, analysis and reports on IPA Newspack.

By M. A. Hossain In the catastrophic context of Hamas-Israel conflict, China had stepped forward to mediate between the parties. Chinese Foreign Minister, Wang Yi, discussed the conflict situation with officials in Washington, perceiving the fear of a wider regional war. The US counterpart has assured full support for working with China to find a […]

The post Exploring China’s Role In Facilitating A Truce In Israel-Hamas Conflict first appeared on Latest India news, analysis and reports on IPA Newspack.

A political row erupted after the Nitish Kumar-led Bihar government decided to slash the holidays for the state’s schools on the occasion of Hindu festivals while increasing them for Muslim festivals. The Bihar education department on Monday issued the holiday calendar for 2024 with fewer leaves and said the chart has been created to ensure […]

The post ‘Islamisation’ row over Nitish govt’s school holidays decision first appeared on Latest India news, analysis and reports on IPA Newspack.

MUMBAI: The banking sector is expected to witness rise in co-lending deals between Non-Banking Financial Companies (NBFCs) and banks after the Reserve Bank of India (RBI) Governor Shaktikanta Das asked shadow banks to reduce their over-dependence on bank funding. Smaller and mid-size NBFCs will prefer co-lending as funds sourced through banks will be cheaper than […]

The post Co-Lending Deals Between NBFCs, Banks Set To Rise After RBI Nudge first appeared on Latest India news, analysis and reports on IPA Newspack.

By Anjan Roy China’s is staring in the face of a possible financial sector crisis, with its largest privately owned non-banking financial company unable to meet its obligations. Zhongzhi financial company, having widespread exposure to China’s real estate sector, has failed to honour its obligations to its investors and defaulted. As such, the bankruptcy of […]

The post China’s Largest Private NBFC Zhongzhi Fails Leading To Crisis In Financial Sector first appeared on Latest India news, analysis and reports on IPA Newspack.

By Arun Srivastava As the exit polls of the four states, where the elections to the assemblies were held this month, send a distressing signal that Prime Minister Narendra Modi’s personality cult, that was painstakingly built over the last nine and half years by the RSS and its frontal organs, has failed to carry along […]

The post RSS Leaders Are A Bit Confused On Their Role In 2024 Lok Sabha Polls first appeared on Latest India news, analysis and reports on IPA Newspack.

By Girish Linganna Ever since militant group Hamas’s most audacious attack ever to be launched from Gaza blindsided Israel on October 7 this year, people have been questioning who the brains are behind masterminding this deadly strike. Notwithstanding their varied and checkered backgrounds and antecedents, they all have one thing in common: They are all […]

The post Hamas Military Command Members Are Highly Skilled Militarymen first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: S&P Global Ratings on Monday revised India’s economic growth forecast for this financial year to 6.4%, up from 6% projected earlier, bringing it closer to the Reserve Bank of India’s estimate of 6.5%. “We have revised up our projection for India’s GDP (gross domestic product) growth for fiscal 2024 (ending in March 2024) […]

The post S&P Raises India FY24 Growth Forecast To 6.4 Per Cent first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The Telecom Regulatory Authority of India (Trai) will continue to work with Apple to break the deadlock in talks over introducing its Do Not Disturb (DND) application (app) to Apple’s iOS Store, senior officials have said. The iPhone maker removed the app from its app store in September last year over privacy concerns, […]

The post TRAI Won’t Cancel Apple Phone Registration Over DND Application Row first appeared on Latest India news, analysis and reports on IPA Newspack.