Tag: COFS

India cenbank nudges reluctant lenders to raise savings deposit rates – Reuters

Modinomics - October 25, 2023

India's central bank is keen that banks pass on the benefits of higher interest rates to account holders by raising the rates they offer...

Economics

US auto strike's economic fallout starts to hurt global businesses – Reuters

Modinomics - October 21, 2023

With the United Auto Workers (UAW) strike entering its 36th day and the total economic ... Earlier this week, consultancy firm Anderson Economic Group ... Read...

India

India HDFC Bank's net profit jumps 19.8% in January-March | Reuters

Modinomics - April 15, 2023

HDFC Bank Ltd , India's largest private lender, on Saturday reported a 19.8% jump in net profit for the January-March quarter, aided by healthy ... Read...

India

India to ban Chinese-linked betting and loan lending apps, ANI reports | Reuters

Modinomics - February 6, 2023

India's Ministry of Electronics and Information Technology (MeitY) has begun a process to ban and block 138 betting apps and 94 loan lending apps ... Read...

India

India's Yes Bank completes transfer of $5.81 bln worth bad loans to J.C. Flowers | Reuters

Modinomics - December 20, 2022

Indian private lender Yes Bank said on Monday it completed the transfer of bad loans worth 480 billion rupees ($5.81 billion) to private equity ... Read...

India

India's SBI sees loan growth staying strong after record profit | Reuters

Modinomics - November 6, 2022

State Bank of India (SBI) , the country's largest lender, expects credit growth to remain in double-digits while it steps up efforts to attract ... Read...