SBI report says banks inadequately pricing risks as they scurry to garner deposits and lend more

SBI report says banks inadequately pricing risks as they scurry to garner deposits and lend more

Wednesday, 09 November 2022 | PTI | Mumbai

Amidst liquidity tightening and a decadal high credit growth of over 18 per cent and deposit growth falling way behind, a report has warned that banks are not adequately pricing their risks from both asset and liabilities sides. Liquidity crunch is primarily because the Reserve Bank has been sucking out funds...

‘India’s manufacturing sector to sustain growth momentum for next 6-9 months’

Tuesday, 08 November 2022 | PTI | New Delhi

The growth momentum which has been witnessed by India’s manufacturing sector for the past few months is likely to stay for the next six to nine months, according to the latest quarterly survey by Ficci. According to the survey, the existing average capacity utilisation in manufacturing is over 70 per cent,...

Aditya Birla Capital Q2 net jumps 30% to Rs 488 crore

Tuesday, 08 November 2022 | PTI | New Delhi

Aditya Birla Capital on Monday reported its highest-ever quarterly profit at Rs 488 crore on a consolidated basis for the quarter ended September 2022, up by 30 per cent from a year ago, led by growth momentum across businesses. It had posted a net profit of Rs 377 crore in the...

Unsold housing stock down 12% across 9 cities to nearly 4.78 lakh units at end of September quarter

Tuesday, 08 November 2022 | PTI | New Delhi

Unsold housing stock across nine major cities fell 12 per cent year-on-year to 4,77,570 units at the end of the September quarter on better sales, according to data analytic firm PropEquity. Unsold inventories stood at 5,40,849 units at the end of September 2021.  Delhi-NCR, Bengaluru and Pune saw the most decline in...

Gold gains Rs 81; silver drops Rs 244

Tuesday, 08 November 2022 | PTI | New Delhi

Gold price in the national capital gained Rs 81 to Rs 51,201 per 10 grams on Monday, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 51,120 per 10 grams.  Silver, however, dropped Rs 244 to Rs 60,596 per kilogram. In the international market, gold was...

Rupee gains 45 paise to close at 81.90 against US dollar

Tuesday, 08 November 2022 | PTI | Mumbai

The rupee appreciated by 45 paise to close at 81.90 (provisional) against the US dollar on Monday amid a weak American currency and sustained foreign fund inflows. At the interbank foreign exchange market, the local unit opened at 82.14 and touched an intra-day high of 81.90 and a low of 82.32...

ISMA hails sugar export policy, confident of Govt nod for 3 MT more

Tuesday, 08 November 2022 | PTI | New Delhi

Indian Sugar Mills Association (ISMA) on Monday welcomed the government’s decision to allow export of 6 million tonnes of sugar till May 31, of the 2022-23 season and expressed confidence of getting export nod for additional 3 million tonnes. While the industry had requested the government to allow exports of 9...

EAC-PM Chairman Debroy suggests single rate GST, exemption-less taxation

Tuesday, 08 November 2022 | PTI | New Delhi

Economic Advisory Council to the Prime Minister (EAC-PM)Chairman Bibek Debroy on Monday said India should have a single rate GST and taxation regime devoid of exemptions. He said the tax collection of the Centre and states combined is just 15 per cent of GDP, while the demand for government spending on...

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