Bank of America CEO Brian Moynihan sees India as a rapidly growing market requiring significant capital for expansion. He commends Prime Minister Modi’s reforms but urges for easier business processes. Moynihan also discusses global trade shifts, national security concerns, and the evolving role of the US dollar.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.