RBI transfers record Rs 2.11 lakh crore dividend to government
MUMBAI, May 22: The Reserve Bank of India will pay a record Rs 2.1 lakh crore dividend to the government for the fiscal ended March 31, more than double
Source: thenorthlines.com
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KKR wins bidding war to acquire medical devices firm Healthium
KKR will acquire a controlling interest in Healthium group from UK-based Apax Partners
Source: livemint.com
India's core sectors' growth rose to 5.2% in Mar
The growth of eight key infrastructure sectors rose to 5.2 per cent year-on-year in March due to improvement in the output of crude oil, cement and electricity, according to official data released on Tuesday. In 2023-24, the growth rate in the output of these eight sectors was 7.5 per cent, marginally down from 7.8 per cent recorded in the year-ago period.
Source: rediff.com
Mint Explainer: Behind the worst bank deposit crunch in nearly 20 years
A high credit-deposit ratio, in the absence of funding sources other than deposits, could limit the ability of lenders to grow or impact profitability
Source: livemint.com
Indian banks are battling the worst deposit crunch in 20 years
At 80%, the credit-deposit or CD ratio is at its highest since 2005, from when this ratio is available, showed data from RBI
Source: livemint.com