Indian banks face a new era of resilience. RBI Deputy Governor Swaminathan J highlighted the need to manage complex uncertainties from geopolitics, climate change, and AI. This shift moves beyond balance sheet stress. Banks must adapt to unpredictable risks. The…
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IIFL Finance successfully raised $500 million through international dollar bonds, marking the first such issuance from India since January. Priced at 7.6%, the 3.25-year bond attracted significant investor interest despite geopolitical volatilities. Proceeds will fund lending to economically weaker sections,…
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Gold prices dipped on Wednesday, pressured by a strengthening dollar and escalating oil prices amidst renewed Middle East conflict. Hopes for a quick U.S.-Iran resolution have faded, impacting diplomatic progress. Analysts suggest this geopolitical tension, coupled with inflation risks and…
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The appointment comes at a time when Acko is preparing for an initial public offering(IPO). In April, ET reported that the Bengaluru-based company had confidentially filed draft papers for an IPO, which is expected to raise around $250 million.
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Indian stock markets closed lower on Wednesday. Investor sentiment faced pressure from US tariff concerns and global tensions. The Nifty 50 and BSE Sensex saw declines. Banking stocks led a recovery from day’s lows. Investors await RBI policy and GDP…
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India’s economy is set for a slowdown in FY27, with growth projected at 6.6 percent. Inflation is expected to remain within the Reserve Bank of India’s target band. Policymakers face challenges balancing rising prices and slower growth. The RBI is…
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