Chennai,  The impressive profits posted by public sector banks (PSBs) during Q2FY23 and H1FY23 and indications of good times ahead may not accelerate government divestment, experts contend.

On November 7, Finance Minister Nirmala Sitharaman said 12 PSBs registered handsome net profits during Q2FY23 and also H

Chennai,  Though public sector banks (PSB) posted good profits during the first half of the current fiscal, they are losing business to the nimble and tech-savvy private and small finance banks.

The PSBs had lost market share to private banks and small finance banks during the first quarter of the curren

Chennai,  While the government-owned State Bank of India (SBI) and leading private banks have addressed their asset quality challenges, the same cannot be said about many other Indian public sector banks (PSB), said S&P Global Ratings in its latest research report on the global banking scene.

Accordi

Chennai,  Arbitrage between the lending and deposit rates, higher credit demand, and lower loan provisions resulted in public sector banks (PSB) posting handsome profits during Q2FY23 and H1FY23, say experts.

However, the happy times for the government banks may not continue for much long as competition

New Delhi,  It looks like sunshine days for the Indian banking sector after having struggled with a seemingly never-ending gloom of rising non-performing assets (NPAs) and the Covid-19 pandemic, which hit their profits hard.

The September quarter results of public sector banks (PSBs) seem to have brought

New Delhi,  India cannot be just seen as a land for "making and taking" profits out of its geographic boundaries, Gautam Adani, Chairman of the Adani Group, said.

Speaking at the 21st World Congress of Accountants in Mumbai, Adani said as both, domestic companies and multinationals take advanta

Bengaluru,  Buoyed by the success of the recently concluded global investors meet, Karnataka is expecting investments of around Rs 2 lakh crore to make their way to coastal regions of the state.

Renewable energy, hydrogen energy and production of ammonia from sea water, are areas that will receive a fill

New Delhi,  The Centre has restored the status quo as was prevailing prior to May 22 and withdrawn the export duty on iron ores lumps and fines below 58 Fe content, iron ore pellets and the specified steel products, including pig iron.

The import duty concessions on Anthracite/PCI coal, coking coal, coke

New Delhi,  The Delhi Metro Rail Corporation (DMRC) on Saturday achieved a major construction milestone in Phase IV of the project with the completion of tunneling work between Krishna Park Extension and Keshopur on the Janakpuri West - RK Ashram Marg corridor.

A Tunnel Boring Machine (TBM) broke through

Bengaluru, Online food delivery platform Zomato on Saturday said it is planning to lay off nearly 3 per cent of its workforce on account of cost-cutting efforts and to turn profitable.

The decision comes after many tech giants and social media sites announced layoffs.

Zomato stated that layoffs