India’s banks spent most of the last decade out in the wilderness, as a punishment for the lax underwriting standards on their corporate loans. Now they have regained their health, restored profitability and reestablished investors’ trust. The benchmark Nifty Bank Index is close to an all-time high. With everything going well, the lenders should be turning cautious. But recent full-year results show an opposite trend: Provisions for future loan losses are beginning to decline. This may not be prudent.
India
India Has Few Things To Do Before Global Bond Inclusion: Finance Minister
- India moving towards being included in global bond indexes.
- It’s a question of doing quite a few things before it can happen.
- We are in the process of doing that, I hope to do it at the earliest.
India Sells Rs 24,000 Crore Of Bonds As Planned: RBI
India sold Rs 24,000 crore ($3.2 billion) of bonds at a weekly auction as planned, the Reserve Bank of India said in a statement.
India-China Border Tensions: How ties Have Unfolded Over The Years
Asian regional superpowers India and China share a long history of mistrust and conflict along their lengthy border, and tensions flared up this week in a deadly clash between troops.
India Fights Back Against Chinese Aggression – Neal Bhai
At least 20 Indian Army personnel were killed in violent face-off in Ladakh’s Galwan Valley, news agency ANI quoted government sources as saying. Multiple sources had earlier confirmed that the casualty figure was much more than three on the Indian side.
Gold Imports Have Been Recording Negative Growth – Gold Silver Reports
Gold imports have been recording negative growth since December last year. India’s gold imports contracted for the fifth consecutive month in a row, falling by about 100 per cent to USD 2.83 million in April due to the lockdowns imposed globally on account of coronavrius outbreak.
Coronavirus India Live Updates: Extends lockdown till April 30
Coronavirus India Live Updates – 13 Chief Ministers of states have asked for the lockdown to be extended during a video conference with Prime Minister Narendra Modi today. “I am available 24×7.
Budget 2020: Commerce Ministry Seeks a Reduction in Import Duty on Gold Market
The Union commerce ministry has sought a reduction in the import duty on gold in the coming Union Budget, with a view to pushing manufacturing and export of the gems and jewellery sector, a source said.
Stocks to Watch: State Bank of India, IndiGo, Infosys, Nestle India
Infosys: The Schall Law Firm, a shareholder rights litigation firm based in Los Angeles has announced the filing of a class action lawsuit against Infosys Limited. It alleged that Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.