Chief financial officers News

Majority of chief financial officers working at companies in India are optimistic about the country's mid term as well as long term economic prospects.

"Also, 85 per cent of them anticipate profit growth in 2015 versus 72 per cent last year, against an average of 73 per cent in the region," Bank of America-Merrill Lynch said quoting its survey on Thursday.

The level of optimism about business environment among chief financial officers in the country declined in April-June period largely owing to slower pace of reforms than initially expected and weak profit level of the corporates, says a report.