PSBs saw year-on-year rise of nearly 50% in net profit in July-Sept quarter thanks to broad-based rise in loans. But MSME stress, pace of credit & deposit growth will determine future.
A forensic audit revealed several accused colluded together and committed illegal activities, including diversion of funds, misappropriation and criminal breach of trust between 2012 and 2017.
The searches were spread across Delhi, Jaipur, Dausa, Karauli, Sawai Madhopur, Alwar, Udaipur and Bhilwara, at the premises of around 15 former bank officials and others.
According to the FIR, SBI had constituted a committee for an audit of coins worth close to Rs 13 crore held by the bank. But coins worth Rs 11,62,11,275 were found missing.
None of the 34 banks Climate Risk Horizons analysed have assessed the resilience of their portfolios in the face of climate change. Only 2 have committed to stop funding new coal power plants.
Donald Trump has been vocal about India’s high import tariffs and has threatened retaliation. Simultaneously, his tough stand on China could see Chinese goods flood India.
The Chinese aircraft has uncanny similarities to the American F-35 jet. There are claims that China copied the design. Cyber theft of F-35 design data was reported in 2009.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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