Ahead of the upcoming Parliamentary elections in neighbouring Bangladesh, Prime Minister Sheikh Hasina has pledged continued cooperation and friendly relations with India. As she unveiled the manifesto of the ruling Awami League party on Wednesday, she said if her party wins elections cooperation with India will continue. Foreign Policy Stressing the foreign policy priorities of […]
KMB reported strong earnings growth, with a 26% y-o-y increase in standalone PAT to Rs35 bn, driven by lower operating expenses and controlled provisions, as PPoP was up 39% y-o-y. Consolidated PAT grew 17% y-o-y to Rs 45.7 bn during the quarter. Loan growth moderated sequentially to around 3%, while the margin expanded further by […]
Partnerships between fintechs and traditional lenders will increase in 2024 as the former struggle to garner sufficient funds to build their own balance sheets. Simultaneously, fintechs must contend with a rise in compliance costs with Reserve Bank of India (RBI) tightening scrutiny in recent years, say experts. In recent months, various banks and non-banking financial […]
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