Friday, 23 February 2024 The Indian banking and financial sector stocks, which have been performing well in recent years, may face challenges ahead. Rising pressure on the cost of funds, concerns about unsecured retail loans, and increasing operational costs could hinder the growth of Indian lenders in the coming years. Goldman Sachs has downgraded SBI, ICICI Bank, and Yes Bank, but maintained a 'buy' rating on HDFC Bank and upgraded Bajaj Finance to a 'neutral' rating from 'sell'.
The trend of failing banks continues as New York Community Bank collapses and Moody's changes its rating for the longtime financial institution to "junk." This is another in..
Deutsche Bank , to Cut 3,500 Jobs.
Germany's largest bank made
the announcement on Feb. 1.
3,500 job cuts amount to just below 4%
of Deutsche Bank's global workforce.
Back office roles will be..
Credit: Wibbitz Top Stories Duration: 01:30Published
Friday, 23 February 2024
![Another Bank Crash Jolts Financial Sector [Video]](https://video.newsserve.net/300/v/20240213/1707838469-Another-Bank-Crash-Jolts-Financial-Sector.jpg)
![Deutsche Bank to Cut 3,500 Jobs [Video]](https://video.newsserve.net/300/v/20240201/1364597088-Deutsche-Bank-to-Cut-500-Jobs.jpg)
