[ad_1] WASHINGTON: The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president, Ajay Banga, said on Sunday.Banga told CBS’s “Face the Nation” program that efforts now under way to stretch the World Bank’s lending … Read more
[ad_1] MUMBAI: IDBI Bank has reported a net profit of Rs 1,113 crore for the quarter ended on March 2023, an increase of 22% from Rs 927 crore in the corresponding quarter last year.The jump in earnings for the quarter was driven by a Rs 568 recovery from loans that were earlier written off.The bank … Read more
[ad_1] MUMBAI: ICICI Bank reported a 30% increase in fourth-quarter profit to Rs 9,122 crore from Rs 7,019 crore in the corresponding quarter last year as it rode the twin tides of swelling interest margins and surging business loans.The board further recommended a dividend of eight rupees per share, subject to shareholder approval.Net interest income … Read more