India's banks poised for loan growth boost amid rising profits: S&P Global report
Thursday, 15 May 2025 Indian banks are poised for increased loan growth, fueled by improved profitability and reduced provisions. Major banks like SBI and HDFC Bank reported net income growth, with loan books expanding. Public Sector Banks (PSBs) achieved record profits, reflecting better asset quality and increased shareholder dividends, signaling a robust banking sector.
Shadow Chancellor Sir Mel Stride welcomed the UK’s 0.7% growth but warned it’s "no time to pop champagne corks." He pointed to signs of a slowdown in March and rising pressures on businesses from tax and regulatory changes. Stride said wider forecasts still predict weaker growth ahead, warning...
India's central bank cuts interest rates more than expected, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighs on the country's outlook. The Reserve Bank..
Thursday, 15 May 2025
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