Washington, July 15 (IANS) US Federal Reserve Chairman Kevin Warsh told Congress that the central bank would bring inflation under control, as policymakers held interest rates steady and signalled a sweeping review of monetary policy practices.Making his first appearance before Congress as Fed chairman, Warsh said the Federal Open Market Committee had maintained the federal funds rate in a range of 3.5 per cent to 3.75 per cent at its June meeting.“The members of our committee have no toleranc…
Latest Balance Sheet News & Updates
New Delhi, June 11 (IANS) India’s listed auto ancillary sector has nearly tripled its revenues to about Rs 5 lakh crore over the past decade, an 11 per cent compound annual growth rate (CAGR) during FY16-26, a report said on Thursday.The report from Equirus Securities forecasted the sector to remain on a strong growth trajectory, with a 21 per cent profit CAGR during FY26-28, supported by rising vehicle content, premiumisation trends, export opportunities and growing adoption of electric vehicle…
Mumbai, May 29 (IANS) The Reserve Bank of India’s (RBI) balance sheet expanded by a robust 20.6 per cent to Rs 91.97 lakh crore (as of March 31, 2026) compared to the corresponding figure of the previous year, on the back of a high growth in domestic investments, gold holdings and foreign investments, according to the RBI’s annual report released on Friday.In absolute terms, the balance sheet expanded by Rs 15.72 lakh crore during the year, taking the total assets to Rs 91.97 lakh crore from R…
Mumbai, Jan 17 (IANS) India’s largest bank by market capitalisation, HDFC Bank, on Saturday reported a 12.17 per cent rise year-on-year in net profit for the December quarter of the current financial year (Q3 FY26).The bank’s consolidated net profit increased to Rs 19,806.63 crore in Q3, compared to Rs 17,656.61 crore in the same quarter last financial year (Q3 FY25).The bank’s core income also showed steady growth during the quarter. Net interest income rose 6.4 per cent year-on-year to R…