Private Banks At Risk Due To High Employee Attrition
The Reserve Bank of India (RBI) reported high employee attrition among private sector and small finance banks (SFBs). It has grown by 25%, posing a significant risk to operational activities. This increased employee attrition can significantly disrupt customer services, result in a loss of institutional knowledge, and increase recruitment costs. The RBI stressed on several…
Vipin
The Government Plans To Infuse Rs 500 Crore In IFCI
In the second half of Fiscal Year 2024, IFCI reported a Rs 22 crore loss, with the first half losses grossing Rs 170 crore. This significantly impacted the company’s growth and financial health. The Indian Government now plans to invest Rs 500 crore into the company to improve its financial health. This move might grow…
ABHYUDAYA MITTAL
RBI’s 5th Monetary Policy For The Financial Year 2024-25
After a two-day meeting of the MPC (Monetary Policy Committee) amid worrying headline inflation and GDP (Gross Domestic Product) figures, the 5th monetary policy of the current financial year 2024-25 will be unveiled today. Shaktikanta Das, the Governor of the RBI (Reserve Bank of India), will unveil the policy. This review will offer a framework…
Yash Sharma
SBI’s Mission: Bringing Inactive Accounts Back To Life
SBI, the State Bank of India, is the country’s biggest money lender. It launched a nationwide campaign to promote the activation of inoperative accounts. Before launching this campaign, SBI organised a one-day workshop in Gurugram for its national business correspondents and sensitised participants about inoperative account activation. Whether savings or current, an account is considered…
Historic Kotak Mahindra Deal With Standard Chartered
The CCI (Competition Commission of India) approved Kotak Mahindra’s deal with Standard Chartered to secure its personal loan book worth Rs 4,100 Crore on November 26. According to this proposal, Kotak Mahindra’s India branch will acquire Standard Chartered’s personal loans portfolio. Kotak Mahindra is registered with the RBI (Reserve Bank of India) as a banking…
Himanshu
Legendary Value Investing Strategies: Top The Market
Value investing is the investment strategy in which you buy stocks that are undervalued compared to book value. It reduces the risk of losing money even when a stock is not doing well, which is the major reason why value investing is popular. Incorporating good value investing strategies can make you a millionaire easily. Just…
SBI Seeks $1.25 Billion: India’s Largest Loan In 2024
According to sources, the State Bank of India plans to borrow up to $1.25 billion, making it India’s largest dollar-denominated bank loan in 2024. The reason behind raising this loan is for general corporate purposes. Another reason for this loan is SBI’s plan to syndicate the loan among other lenders to distribute the risk. SBI’s…
Bajaj Housing Finance Grew By 135%: Hold Now or Wait?
Bajaj Housing Finance has become the fourth-best listing in 2024, falling behind Unicommerce e-solutions, Premier Energies, and BLS E-Services. Soon after listing, the prices of the shares rallied at 114% premium to its IPO price and eventually closed at a price of ₹165. Moreover, according to Brokerage firm PhillipCapital, the prices may go upto ₹210,…
Shipra Prajapati
BSE Declined By 1,181.84 points In Just 5 Days Due To….
Major Indian companies, including the Mukesh Ambani-led Reliance and Tata Group, lost over Rs 94,961 crore in valuation in just five days. Reliance’s market valuation fell by Rs 60,824.68 crore to Rs 19,82,282.42 crore, and TCS’s (Tata Consultancy Services) fell by Rs 34,136.66 crore to Rs 16,12,762.51 crore. However, these two are not the only…
Bhumika
Turnaround Strategy- Definition, Stages And Elements
Most corporate organisations fail due to mismanagement. When a corporate organisation encounters economic distress, the organisational management puts a strategy or plan to get things back on track and call it a turnaround strategy. Moreover, when a plan or strategy doesn’t work as expected, the leadership corrects it through specific actions or restructuring under the…
Sumit