banking sector

India Now Among Countries With Strongest Banks; PSBs Earlier Known for NPAs, Now for Record Profits: PM Modi – News18

by

[ad_1] Prime Minister Narendra Modi. Prime Minister Narendra Modi says public sector banks which were earlier known for losses and non-performing assets are now being discussed for their record profits Prime Minister Narendra Modi on Saturday said India is currently among the countries whose banking sector is considered to be the strongest. He added that … Read more

Oil Pices Extend Losses after Fed Rate Hike and Economic Concerns

by

[ad_1] Last Updated: May 04, 2023, 00:50 IST A day earlier, both benchmarks fell 5%, their biggest daily percentage declines since early January. (Image: Reuters File) U.S. West Texas Intermediate crude (WTI) fell $3.06, or 4.3%, to $68.60. WTI’s session low was $67.95 a barrel, lowest since March 24 Oil prices fell 4% on Wednesday, … Read more

US Stocks Flat after Mixed Bank Earnings

by

[ad_1] Last Updated: April 19, 2023, 04:07 IST The broad-based S&P 500 added 0.1 percent at 4,154.87, while the tech-rich Nasdaq Composite Index slipped less than 0.1 percent at 12,153.41. (Image: Reuters File) Bank of America climbed 0.6 percent after reporting higher profits thanks to a boost from higher interest rates Wall Street stocks finished … Read more