The Boston consulting group anticipates a surge in the valuation of global banks. The report suggests a potential $7 trillion increase in combined valuations for global banks within the next five years. This projection comes against a backdrop of widespread pessimism fueled by a significant drop in profitability within the banking sector.

Global banks eye $7 trillion upswing; Bank valuations to soar despite hurdles

PM Modi hails India's banking sector as among strongest in world

US banking giants fined $1 billion for using unapproved apps including WhatsApp

HDFC Bank third-quarter net up 33 per cent on loan growth, beats estimates

Board member at Yes Bank quits, cites governance concerns

DHFL board approves plan to convert debt into equity, sell assets

Government considering more powers for RBI to regulate shadow banking sector

India plans liquidity buffer at shadow banks to aid stressed sector

RBI likely to go for another 25 bps cut

Dena Bank, Vijaya Bank become part of Bank Of Baroda

Many public sector banks have already informed their customers about likely impact on services if strike materialises.

Banking operations partially affected due to trade union strike

Indian banks showing positive signs but fundamentals still weak: Report

The trend remained mixed in global markets.

Sensex drops 100 points on muted earnings, profit booking

Indian finance minister Arun Jaitley said budgetary constraints have limited funds for recapitalisation of state-run banks

Bad loans cut down profits of Indian state banks: Finance minister Arun Jaitley

Vlad Filat was arrested last October after months of mass street protests over the disappearance of $1 billion from banking sector

Moldovan court jails ex-PM for 9 years for abuse of power

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