Big banks announce hard-won growth in 2020

Hello RF China’s major state-owned banks overcame the difficulties of 2020 with stable improvement in operating results and hard-won growth, according to their budget reports. Among the top six banks, Postal Savings Bank of China reported net profit of 64.3 billion yuan ($ 9.77 billion), an increase of 5.38% year-on-year, …

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Government borrowing in markets grows 28% year-on-year

Fifteen states raised a total of 17,783 crore on Tuesday in the auction of state government securities or state development loans (SDLs). While Gujarat accepted an additional 500 crore over the notified auction amount, Punjab did not accept any amount. “So far, during the current financial year [7 April’20 – …

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