SBI Taps Tech To Boost Profits
India’s biggest lender banks on technology to grow in the face of onslaught by fintech players and private banks.
India’s biggest lender banks on technology to grow in the face of onslaught by fintech players and private banks.
A parliamentary panel estimates a loss of ₹1.84 lakh crore due to the 2019 corporate tax cut in the first two fiscals of FY20 and FY21 alone
Topline of 3,880 listed companies jumped 34% to ₹54.56 lakh crore, but their cumulative profits after tax surged 133% from ₹4.71 lakh crore.
The disconnect is stark because industrial production and capacity utilisation continue to be low for several years, indicating a structural economic slowdown.