Mumbai, May 7: M. Nagaraju, Secretary of the Financial Services Department of the Ministry of Finance, stated on Thursday that despite global and domestic challenges, India‘s economy is growing steadily, and the banking sector is performing strongly and remains stable. Addressing the first summit on risk management organized by the Indian Banks’ Association in Mumbai, … Read more
Mumbai, March 19: The Indian stock market closed significantly lower on Thursday after three consecutive sessions of gains. Concerns over rising crude oil prices and heavy losses in global markets, coupled with the U.S. Federal Reserve’s decision to keep policy rates unchanged, led to a decline of over 3% in the major domestic benchmarks, Nifty50 … Read more
Mumbai, March 7: The ongoing conflict in the Gulf region, involving military bases linked to Israel, Iran, and the United States, could significantly impact the global economy. According to a report released by SBI Research on Saturday, if this conflict persists, it may lead to increased inflation, pressure on global recession, and instability in financial … Read more