Kotak Mahindra Bank exceeds forecasts with 26% increase in Q4 profits
Kotak Mahindra Bank, one of India’s leading private sector lenders, has reported a better-than-expected net profit increase of 26% for the January-March quarter.
Future of Microfinance
A Look into the Future: Predicting the State of the Indian Economy in 5 Years
The Indian economy has been on a roller coaster ride in the last few years, with highs and lows that have left investors and citizens alike wondering what the future holds.
The Rise of India’s Start-Up Culture: Stories of Success and Innovation
The Rise of India’s Start-Up Culture: India’s start-up culture has seen a remarkable rise in recent years, with the country emerging as one of the world’s top start-up ecosystems. The Indian start-up scene has witnessed tremendous growth and innovation
Strong Showing from Financials Leads to Benchmarks Rise
On Monday, the Indian stock market witnessed a strong performance, with the 30-share Sensex closing above the 60,000-mark. The benchmark index was up 401.04 points (0.67%), closing at 60,056.10, while the Nifty50 closed at 17,743.40, up 119.35 points. The financial sector led the market rally, with strong buying in financial stocks pushing the benchmark indices … Read more
Maximizing Your Profits: Trading Strategies for RIL Shares After Strong Q4 Results
Following Reliance Industries (RIL) impressive earnings report for the quarter ending March 31, 2023, which surpassed market expectations, several leading brokerages maintained their optimistic outlook on the company’s stock. JP Morgan retained an “Overweight” rating, while Jefferies recommended a “Buy” rating. Domestic brokerages Motilal Oswal, Prabhudas Lilladher, and Sharekhan also expressed confidence in RIL, all … Read more
India’s Central Bank Introduces ‘Retail Direct Scheme’ for Digital Payments
The Reserve Bank of India (RBI), the nation’s central bank, recently unveiled the “Retail Direct Scheme,” a brand-new digital payment mechanism. With the help of this new programme, clients will be able to make digital payments directly to the RBI without the aid of middlemen like commercial banks. The RBI’s continuing initiatives to support digital … Read more
The Future of Microfinance in India: Innovations and Challenges
In India, microfinance has become a potent instrument for reducing poverty and promoting financial inclusion. Millions of low-income people and small companies in India have received microloans and other financial services from microfinance organizations (MFIs) during the past several decades. To overcome these obstacles and prepare the path for the future of microfinance in India, … Read more