Friday, September 17, 2021
Home > 2021 > July > 04

Wall Street banks racked up $650 million in fees and stock gains in the busiest IPO week since 2004

Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021.Brendan McDermid | ReutersFrom Krispy Kreme to China's Didi Chuxing, the busiest week for U.S. IPOs in 17 years produced a windfall

Read More

Industrial sector’s share in bank credit falls sharply as corporates deleverage, seek out new fund sources

Corporates continuing to deleverage their books and scouting more cheaper sources of funding, has led to a sharp fall in the share of the industrial sector in total bank credit. With banks pushing loans in the retail segment, total bank credit to the industrial sector dropped by nearly 14%

Read More

Airtel Payments Bank hopeful of break-even in FY22; logs surge in business volumes amid pandemic

Airtel Payments Bank has seen a surge in business volumes in FY21 as lockdown curbs and migrants heading back to villages spurred new accounts as well as transactions, and the company is eyeing a break-even this fiscal, a top official said. Factors like growth in revenues, expanded scale of operations,

Read More