NIMs at the six largest private and state-owned banks have been under stress as deposit rates caught up with lending rates over the past few quarters. However, strong credit demand has helped these banks maintain growth.
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According to Deloitte’s Q4 2023 CFO Signals report, 76% of CFOs believe that digital initiatives are integral to achieving their company’s strategic goals. Similarly, a 2022 PwC survey found that 73% of CFOs have prioritized digitalization, dedicating significant resources to…
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India is considering reducing duties on certain US products that pose no significant threat to local industries under a proposed Bilateral Trade Agreement. Discussions have begun with stakeholders in sectors like auto and auto components. The government aims to protect…
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Companies like Godrej Consumer, Emami, and Adani Wilmar are reducing the number of urban distributors to make them more viable, offering higher credit and expanding business scopes. This is to adapt to the growing shift of consumers from traditional kirana…
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The Mumbai police plan to question Rashmi Saluja, former chairman of Religare Enterprises, over complaints related to the company’s takeover by Dabur’s Burman family. Investigations reveal possible attempts to disrupt the takeover using false claims and allegations. The Economic Offences…
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Madhya Pradesh currently receives 7.85 per cent share in the central taxes but is seeking an increase to nearly 9 per cent. The state receives the third-highest devolution in the country and has deployed a dedicated team of senior finance…
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