As the fallout from the collapse of Silicon Valley Bank is starting to spread around the world, experts say the Indian banking system is unlikely to witness any major spillover effects. However, there will be some impact on the sentiment of the market. “The collapse of SVB will not have any effect on the Indian … Read more
Mumbai: Future policy on loan moratoriums remains a key issue for the Indian economy and the banking sector, said Christopher Wood, Global Head of Equity Strategy at Jefferies in his weekly note to investors. “A critical question for the banks, the property market and indeed the economy is now whether the moratorium is extended yet … Read more
NEW DELHI | MUMBAI: Bank employees’ unions and the Indian Banks’ Association (IBA) have reached an agreement for a 15 per cent annual hike in wages, a move that will result in an additional yearly outgo of nearly Rs 7,900 crore by lenders. The decision was taken at a meeting held between the IBA — … Read more