Axis Bank in competition for best bank

Axis Bank has strengthened its positioning -- on both the assets and liability side -- and it may be set to deliver sustained improvement in performance. The valuation gap between Axis Bank (which......

As banks step up lending, NBFCs' share fall to 5-year low of 19.8% in H1FY23

Banks are gaining market share at the expense of non-bank lenders such as housing finance companies, retail lenders, and those giving gold loans. Photograph: Uttam Ghosh/Rediff.com There has been......

Govt on track to meet fiscal deficit target of 6.4% for FY23: World Bank

The central government is on track to meet its fiscal deficit target of 6.4 per cent of the GDP for 2022-23 on the back of strong growth in revenue collections, the World Bank said in its India......

LIC to join league of top global insurance firms

Expected to list with m-cap of Rs 6 trillion — making it world’s fourth biggest. Illustration: Uttam Ghosh/Rediff.com When Life Insurance Corporation (LIC) of India gets listed on the......