Banking Industry Records INR 3 Lakh Crore Profit in FY24
The banking sector in India grew by a staggering 39% in FY24. The net profits of the banking companies swelled from INR 2.2 lakh crore in FY23 to INR 3 lakh crore in FY24. It was the first time in the sector’s history that it has ever crossed the benchmark of 3 lakh crore. The…
JYOTI
Everything You Need To Know About Investment Banking
Investment banking is one of the most lucrative jobs. If you are also planning to make a career in investment banking, then you are in the right place. Before stepping into becoming an investment banker, let’s first understand what investment banking is. Investment banking is a job profile that deals with high-end and complex financial…
Titans Unite: HDFC’s $168B Merger Ignites Banking Arena
Investors around the world are eagerly awaiting the final stage of the merger between India’s most valuable lender, Housing Development Finance Corp (HDFC), and the country’s top mortgage financier, HDFC Bank Ltd. This groundbreaking merger has the potential to create the world’s fifth-most valuable bank, with a projected worth of $168 billion. The process, which…
Vishal Prajapati
Public Sector Banks Prepare Reports On Financial Risks
The government directed the state-owned banks to increase vigilance to the predominant financial stress in the west. Finance Minister Nirmala Sitharaman advised the banks to identify the stress points and adverse exposures. The public sector banks are to prepare an explanatory plan on various risks in the market. Moreover, it will extend multiple communication strategies…
abhinav singh
India Expected To Witness GDP Growth By Virtue Of AI
According to a report titled “AI Adoption Index” by The National Association of Software and Services Companies (NASSCOM), the Indian economy may witness an addition of $500 Billion By 2025 to its GDP. This addition to the GDP is a result of the adoption of including artificial intelligence in economic functioning. “The pandemic has made…
Sumit