'Citibank customers will migrate to the Axis Bank platform over 18 months.'
Indian Bank expects recoveries to be more than slippages in this financial year, which will result in improved asset quality.
"India is the best market right now in the world with the digital initiatives the government has implemented
'The pitch for India is flat, the ball for India is old, the sun for India is out, and the bowlers are not bowling too well.' 'I think only we can get ourselves out.'
The Indian rupee is expected to trade between 80 and 84 against dollar in the first three months of 2023 with support from overseas inflows though worsening current account deficit (CAD) and reduced interest rate differential between the US and India pose challenges. According to a Business Standard Poll of 10 participants, most said the rupee could gain strength in January due to foreign inflows, and the Reserve Bank of India (RBI) is not expected to allow the currency to depreciate ahead of the Union Budget scheduled on February 1. The rupee depreciated 10.15 per cent in 2022, its worst performance since 2013 as the war in Europe and the interest rate increase by the US Federal Reserve prompted investors to flee emerging markets.
'Strong regulations are crucial for the orderly development of the market.'
The turmoil in the markets has been cited as the reason for the dip in the IPO market.
Officials were surprised at how quickly smugglers appraised the Covid situation to recruit jobless migrant workers to ship gold.
The enormous structured global advertising machinery that surrounds every football game on the planet today? Pele was perhaps single-handedly responsible for all of it. By just being brilliant, captivating crowds, and behaving like a being from the future, doing things that STILL provoke oohs and aahs from watchers. Vaibhav Raghunandan salutes the Incomparable Pele.
China's covid crisis could provoke a raw material crunch for India's EV industry later this year.
Given the prevailing uncertainties, investors must maintain a 10-15 per cent allocation to gold in 2023.
The first quarter of calendar 2023 will see new faces heading four large public-sector banks -- Canara Bank, Bank of Baroda, Indian Overseas Bank, and Bank of India.
In November, the fiscal deficit widened by Rs 2.2 trillion, the highest ever in any month this financial year.
Indian drug firms continue to work closely with the FDA, and most have also appointed consultants to help them grasp the regulatory minutiae in the US.
When we are unwell, we consult a doctor, take a prescription, and then buy medicines from a chemist. In finance, too, it is best to keep investment advice and product purchase separate, suggests Bindisha Sarang.
Less than 30,000 booster doses daily in December.
Of $90 billion remittances that India is expected to receive in 2022, only $27.4 billion has come in the first half of the year.
The number of fraud cases reported by private banks outnumbered those by public sector banks for the second consecutive year.
The year 2022 saw the Reserve Bank of India (RBI) start acting on the policy repo rate after a gap of two years. The six-member monetary policy committee of the RBI reduced interest rate sharply - by 115 bps - when Covid-19 struck in 2020. In March 2020, days after the nationwide lockdown was announced, MPC in an unscheduled meeting reduced the repo rate by 75 bps, followed by another 40 bps in May. Status quo was maintained for the next two years since the May repo rate hike.
The industry came under scrutiny after the proliferation of games like cards, casinos, and fantasy sports among young people led to addiction and financial losses, with some reported cases of suicide.
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