State Bank of India chairman CS Setty anticipates corporate investment will resume as consumption stabilizes. The bank projects India’s economy to grow over 7.5% in FY27. SBI aims to avoid equity dilution for the next five years and targets becoming the first bank to achieve 1 lakh crore in annual net profit.
Yen wallows near record low to euro as BOJ keeps cautious tone after rate hike
The yen weakened against major currencies after the Bank of Japan maintained its cautious stance on future interest rate hikes, despite a recent quarter-point increase.