SBI to shift global back office from Kolkata to Mumbai
The back office was set up in 2015 in the City of Joy when Anundhati Bhattacharya was the chairperson of the bank. The back office works 22×7 to cater to customers in Sydney, Bahrain, Hong Kong, London and New York.
If there’s one story where risks are limited and upside’s high, it is India: HSBC India CEO Hitendra Dave
The absence of global banks in Indian retail lending and the soaring wealth effect of the Indian middle class have provided a springboard for HSBC India to become the vital lever of growth for the British bank, Dave said in an interview with Bhaskar Dutta and MC Govardhana Rangan.
Mid & small-caps lag large-cap companies in revenue growth and profitability
Largecap companies outperform midcap and smallcap firms in growth and profitability, maintaining a superior operating margin. Smallcaps exhibit high net profit volatility, raising concerns about sustainability of returns.
Investors turn cautious on smallcap funds amid rich valuations
Small cap funds added 79.9 lakh folios over the past 12 months taking the total count to 1.9 crore. It accounted for 15.5% of the total equity funds folio count, the highest among all the categories of equity funds.
Bulls on the edge, Sensex slips 736 points as Fed decision looms
While the Fed’s two-day meeting ending Wednesday is expected to keep monetary policy unchanged, investors are looking forward to the central bank’s comments on when it will start cutting interest rates.