Page 3 - Nikesh Singh

Budget proposals don't seek privatisation of state-owned banks: DEA Secy

Finance Minister announced that to simplify, ease and reduce cost of compliance, financial sector regulators will be requested to carry out a comprehensive review of existing regulations

Andhra CM seeks investments, announces Visakhapatnam as new capital

Jagan Reddy invites companies, diplomats to a two-day summit in Visakhapatnam in March

'No worry': Punjab National Bank allays concerns about Adani group exposure

Bank reports 44.2% decline in Q3 net profit as NPA provisions, costs rise

PSE dividends likely to cross govt's target for first time in 8 years

The government has so far garnered Rs 36,835 crore, which is 92 per cent of the Budget estimate of Rs 40,000 crore

Insurance body GIC opposes govt nominee in life and non-life councils

Says both umbrella bodies are self-regulated and don't depend on funds from finance ministry; govt nominees may hamper their autonomy

UN slashes India's economic growth forecast by 20 bps to 5.8% for 2023

Pegs world economy growth at 1.9%; trade to contract 0.4%

Flipkart's Shopsy sees six-fold customer growth on its website in 2022

Shopsy crossed over 100 million users in September 2022 ahead of its target timeline of early 2023

PNB Housing Finance Q3 results: Net profit rises 43% at Rs 269 crore

In comparison, the housing finance company (HFC) had booked a net profit of Rs 188 crore in the December quarter of FY22 and Rs 263 crore in the September quarter of FY23

ECLGS scheme stopped Rs 2 trn MSME loans from turning bad: SBI report

Launched by govt during pandemic, it also helped save 16.5 million jobs

A first: Atal Pension Yojana logs 10 million enrolments in a calendar year

The number of enrolments in 2022 rose to 12.5 million from 9.2 million in 2021

Budget should make infra projects investor friendly: IIFCL MD PR Jaishankar

In an interview with Nikesh Singh, IIFCL managing director PR Jaishankar talks about the way ahead for the key infra financier

Achieve financial inclusion targets, finance ministry tells PSBs

The progress in digitisation of the process for getting the KCC was also discussed to improve the transparency

WPI inflation cools to 22-month low of 4.95% in Dec as food prices fall

In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent

Cabinet clears Rs 2,600 cr to promote RuPay debit card, BHIM transactions

The scheme was first announced in FY22 Budget with a financial outlay of Rs 1,300 crore