SBI Lowers India’s FY25 GDP Growth Forecast to 6.3% | Economic Analysis & Key Insights The State Bank of India (SBI) has revised its forecast for India’s Gross Domestic Product (GDP) growth for the fiscal year 2024-25 (FY25), lowering it to 6.3% from the National Statistical Office’s (NSO) earlier projection of 6.4%. This adjustment reflects…
SBI Mutual Fund, one of India’s largest asset management companies, has introduced two new schemes focused on Public Sector Undertaking (PSU) banks. These schemes aim to provide investors with opportunities to benefit from the performance of PSU banks, which play a crucial role in India’s economic growth. Details of the Two New Schemes The newly…
Fitch Ratings, a globally recognized credit rating agency, has reaffirmed the ratings of Union Bank of India and Punjab National Bank (PNB) at ‘BBB-’ with a Stable Outlook. This rating reflects the banks’ financial stability, strong government backing, and their role in the Indian banking sector. Significance of Fitch Ratings Fitch Ratings evaluates financial institutions…
