An executive aware of the developments added that the government eyes banks to push lending in the productive sectors of the economy.
📊 Public sector banks logged a profit of ₹31,820 cr in FY21, marking the highest in 5 yrs.
An executive aware of the developments added that the government eyes banks to push lending in the productive sectors of the economy.
📊 Public sector banks logged a profit of ₹31,820 cr in FY21, marking the highest in 5 yrs.
The last 15 months have been a fantastic time to own stocks. The last 15 years, if we're really being honest. In this most recent run, an artificial intelligence (AI) boom and soaring profits for technology companies have helped the stock market indexes break through to new highs multiple times in 2024.Investors also appear excited to once again place bets on money-losing start-ups.
Open Flip
Amazon (NASDAQ: AMZN) had a rough 2022 as rising inflation weighed on earnings, so last year the company revamped its cost structure to turn things around. And now this year, the market giant is showing investors they still can count on it for major growth. In the latest earnings report, sales increased in the double digits, and net income more than tripled.
Open Flip
State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth.The Pune-headquartered lender has registered a 15.94 per cent rise in the total business (domestic) in FY24, followed by the country’s largest lender State Bank.
Open Flip
