Banking sector

Following the announcement of JP Morgan, it is now expected that India will be included in the global bond index of other banks as well.

The net profit of banks increased from ₹809 trillion to 2,480 trillion between Financial Year 2013-2014 and Financial Year 2022-2023.

The Economist noted that the bankruptcy reforms introduced by the Narendra Modi government in 2016 helped in the rapid liquidation of failing companies and also forced 'delinquent businesses to pay up.'

First Republic Bank underwent a liquidity crisis after customers moved billions of deposits out of the bank in distress.

According to HSBC, SVB UK had a profit of £88m before tax for the financial year ending December 31 last year. It added that the bank had loans totalling £55 bn, deposits of around £7bn and tangible equity of around £1.4bn as of March 10, 2023.

China is amid an economic slowdown as property rates have crashed and unemployment levels have reached alarming levels.

The apology came after many people took to Twitter to raise objection to not having a single woman speaker in the panelists on Banking conclave despite many women being in top managerial positions in leading banks across India.

NARCL is intended to resolve stressed loan assets above ₹500 crore each amounting to about ₹2 lakh crore in total

Private sector banks will be able to conduct govt-related transactions such as taxes, pension, small savings schemes etc

The Expert Committee will be looking into matters including waiver of interest and waiver of interest on interest.