SFBs need to widen deposit base by Rs 60,000 crore in 2 years: Report
Total deposits of SFBs jumped 130 percent in FY19, leading to an increase in their share of deposits to 59.6 percent of non-equity liabilities in FY19. "SFBs need to ramp up their deposit base quickly to replace grandfathered loans and gradually build granular deposits," India Ratings said. It expects the share of granular deposits to continue to increase over the medium-term.
47.86 GW of renewable energy capacity installed in India over six years: Govt
"A total of 47.86 GW of renewable energy capacity has been installed in the country during the last six years i.e. March 2014 to October 2019," Power and New & Renewable Energy Minister R K Singh said in a written reply to a question in the Lok Sabha.
RBI has not put banks on alert: Shaktikanta Das
RBI Governor Shaktikanta Das was in the city to attend a central board meeting. He also met Chief Minister Naveen Patnaik in the state capital.
Tesla's German factory to produce 500,000 cars a year
The carmaker will employ about 10,000 people at the site, which will occupy an area equivalent to 420 soccer fields, the newspaper said, citing initial plans for the factory, which shows a complete production line as well as testing facilities. Construction is set to start next year.
Ujjivan SFB makes stellar debut; gains 60% against issue price
Ujjivan Small Finance Bank made a strong debut on stock exchanges on Thursday, listing with a hefty premium of over 60 per cent against the ...
Financial officers in India feel healthy corporate culture is critical to building trust: Survey
"Driving culture transformation in finance is imperative to presenting a forward-looking corporate reporting based on a wider balance between financial and non-financial information," Sandip Khetan, national leader and partner, financial accounting advisory services, EY India, said.
November automobile retail marginally improves over last year
The number of registrations of vehicles at regional transport offices (RTOs), which is a proxy for retail sales, improved 2% over last year. Registrations improved for all categories of vehicles except commercial vehicles like trucks and buses, the sales of which continue to decline.
After year of living dangerously, Fed likely to signal time to lay low
The Fed is expected to leave its federal funds rate unchanged at a level between 1.5% and 1.75%.
Why has Pakistan indicted Hafiz Saeed, India's most wanted, now?
Saeed's indictment comes amidst growing pressure on Pakistan to rein-in terror groups and bring to justice terror group leaders. The indictment comes less than a week after Islamabad submitted a report to the FATF, which, in October, had kept the country on the Grey List, asking that it take more concrete steps to avoid being put on the Black List.
Investors believe govt clueless on how to tackle slowdown: Jamal Mecklai
Jamal Mecklai, Founder & CEO of Mecklai Financial, says sovereign bond issue is an idea the government must not shelve. He says while money ...
Infosys wins a five-year contract from Telenet
The Belgian telecom company has selected Infosys to drive simplification of its existing landscape, build new digital and data capabilities, extract relevant insights from data and leverage existing talent more effectively, said the Indian tech services major in a press release.
Share market update: Nifty Financial Services index up; REC rises 3%
The Nifty Financial Services index was trading 0.11 per cent up at 14,087.50.
JM Financial initiates buy on Essel Propack, target price Rs 90
The analyst suggested a stoploss at Rs $stopLossL
Ujjivan stock a little overvalued, should settle at Rs 52-55: Siddharth Purohit, SMC Global
The business model of the small finance banks is evolving and is fairly strong.
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