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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.

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: In a departure from convention, the Union Cabinet late on Tuesday approved the terms of reference for the Sixteenth Finance Commission (SFC) without revealing the names of its chairman and members. Announcing the decision on Wednesday in a press briefing, Information and Broadcasting Minister Anurag Singh Thakur said the chairman and members will […]

The post Cabinet Approves ‘Terms Of Reference’ For 16th Finance Commission first appeared on Latest India news, analysis and reports on IPA Newspack.

NEW DELHI: The 16th Finance Commission (FC) may be urged to consider incentives for improvement in debt consolidation and quality of expenditure, issues which were considered by the 15th FC too, though it did not assign any specific weights to them in either in the criteria for tax devolution or disbursal of grants-in-aid. The setting […]

The post 16th Finance Commission Being Set Up With “Generic” Terms Of Reference 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.

The Congress on Monday slammed the BRS over the EC’s withdrawal of permission to the Telangana government for disbursements of financial aid to farmers under the Rythu Bandhu Scheme, alleging that those ruling the state, in their desperation to hang onto power, have ended up denying what is owed to farmers. The Congress also said […]

The post Cong slams BRS for EC ‘no’ to aid for Telangana farmers first appeared on Latest India news, analysis and reports on IPA Newspack.

Kerala Chief Minister Pinarayi Vijayan on Monday continued to accuse Union Finance Minister Nirmala Sitharaman of ”trying to mislead the public” about the alleged neglect shown by the central government towards the southern state. The CM had on Sunday charged Sitharaman with trying to mislead the public through her claims of timely disbursement of required […]

The post Sitharaman misleading public about Kerala’s neglect: Vijayan 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.

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.