India’s Axis Bank to buy City Bank’s India division
Axis Bank, one of the largest private sector banks in the country with more than 11 billion dollars in revenue, is all set to buy CitiGroup’s 2.5 billion dollars India retail ...
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Nirav Modi and Vijay Mallya are nothing in front of this scam!
Another big scam has come to light in the country. This scam is bigger than the one by Vijay Mallya (9,000 crore rupees) and Nirav Modi (14,000) with estimated fraud of ...
Under the PLI scheme, Samsung and Apple will boost the Indian manufacture sector
For the last three decades since economic liberalization, India had a very peculiar kind of economic growth, driven by the services sector and high-tech industries. Indian expanded its services sector exponentially ...
Best news of 2021: Indian Banks have finally weeded out the NPA mess
The promoters of the company who owed billions of dollars to the banks dragged insolvency resolutions for years using loopholes in the Indian judicial system. The Insolvency & Bankruptcy code successfully ...
India faced bad loans head-on and won. But China has fled the scene
A few years ago, India faced a problem. While everything looked good on the outside, India's banking sector was crippled with disease. And this disease was the cancer of Non-Performing Assets ...
Dear bank employees, continue your stride but PSBs will be privatized
The Modi government has planned to introduce Banking Laws (Amendment) Bill, 2021 during the ongoing Parliament session. The Indian banking sector is in a deep mess, thanks to typical public sector ...
Jefferies’ Outlook on India’s shining economy is a proof of successful Modinomics
India's economy has recovered from its pandemic-induced slowdown. In the first quarter of the financial year 2021-22, India's GDP grew at a brisk 20.1% - its best growth numbers till date. Now, ...
An NPA-ridden Indian banking sector has been “stabilised” by PM Modi, Moody’s says
Global credit rating agency Moody’s has finally got rid of its blinkers and revised the outlook for the Indian banking sector to stable from negative. The report stated that “the quality of corporate ...
How India fixes massive debt-ridden companies versus how China skewers it
China’s real estate giant Evergrande is heading towards its eventual doom amid dipping fortunes which could ultimately affect everything from the jobs market to property prices in the country. The longer ...
To stop public sector banks from becoming a liability, the government comes up with a solution
The government of India is moving forward with the privatisation of Public Sector Banks (PSBs) starting with IDBI bank. According to a Business Standard report, the government will be in direct ...
Modi government comes up with Bad Bank set up that will revolutionise the banking sector
The Modi government wants to push the credit to GDP ratio of the country, which stands at an abysmally low rate of around 50 per cent compared to 160 per cent ...
Modi 2.0: Clearly the best government in Independent India as far as economic outlook is concerned
Fresh reports released by the Indian government yesterday (August 31) revealed that India’s gross domestic product (GDP) grew at a record pace of 20.1 per cent in the first quarter of FY22 -- ...
