COMMERCIAL BANK DEFINITION
FD interest rate up to 9.1%: 9 banks have revised fixed deposit terms, rates after new RBI rule
FD interest rates in June: The RBI announced the proposal to revise the definition of bulk fixed deposits. Here is a list of banks that have revised the date and updated their retail deposits from Rs 2 crore to Rs 3 crore.
This FD amount will soon be considered as retail FD; RBI to review bulk FD limits
Bulk FD amount of bank: The new proposal has been announced by RBI in the Monetary Policy Committee announcement today. The central bank said that necessary guidelines will soon be issued.
How Jaipur-based AU Small Finance Bank plans to plug a $400 billion credit gap
India’s largest small finance bank has recently bulked up and is now looking to utilise its heft to increase its presence in MSME lending. How successful would it be, is the billion-dollar question.
Whether ruling party gets 450 seats or not, take some money off the table: Sanjiv Bhasin
Sanjiv Bhasin warns of a potential sharp correction in the stock market due to rising borrowing costs and uncontrolled inflation. He highlights Anil Agarwal's plans for the steel business demerger and discusses the challenges faced by Kotak Bank with online KYC regulations. He also says KV Manian's resignation from Kotak Bank will get absorbed by the market. There are enough good people within Kotak Bank to take that mantle.
Nifty at record high? Aditya Agarwala’ 2 stock picks
Aditya Agarwala of Invest4edu discusses market insights including key levels for Nifty and Bank Nifty. He anticipates resistance at 50,000 on Bank Nifty and a potential new all-time high for Nifty around 23,000. Aurobindo Pharma is one of his picks. At current levels, one can initiate fresh long in the stock for a target of Rs 1,300 on the upside with a stop loss at Rs 1,120 on the downside. The second stock is Astral. This is one stock which has clearly bucked the trend and has been making higher highs and higher lows.
Which stocks should investors pick from largecap private banking space?Chakri Lokapriya answers
Against this backdrop, the valuation where it is and also given the fact that the rural portfolio is still not really growing fast and because the rural India spend is still slow, against a combination of these factors I would stay away from the stock.
- Go To Page 1
Expect banks to start rallying from June: Ajay Bagga
Market expert predicts growth in capital goods, infrastructure, and domestic cyclicals while cautioning about global cyclicals. FMCG sector set to benefit from monsoon. Banks may rally after July budget. Iran's supply chain control impacts oil markets.
'World Bank's biz-ready formula & startup concerns on budget agenda'
The Department for Promotion of Industry and Internal Trade (DPIIT) will take up for discussions lingering concerns of startups on issues around Angel tax, taxation of Employee Stock Option Plans and bank guarantee commitments in tenders in the upcoming budget to be presented after the general elections.
Don't think OMCs and commodities are strategic buys: Mihir Vora
So, it does not matter to me whether the company has had a profitability track record for the last two-three years or not, provided I have a visibility for the future.
For next 3-4 years, PSU banks can be a good bet: Sunil Subramaniam
Sunil Subramaniam prefers good quality in portfolio, whether PSU or private sector, due to capital adequacy and government ownership ensuring governance. He sees value in TVS, M&M, Tata Motors, Maruti. Two-wheelers and entry level passenger cars expected to bounce back. Bullish on commercial vehicles due to capex and election cycle. Ample liquidity in market, mid and smallcaps attracting investment.
Interim budget: Noida developers banking on govt's push to metro expansion, PMAY scheme
CREDAI Western Uttar Pradesh Secretary Dinesh Gupta said the revision of the fiscal deficit, increased tax receipts, doubling of the GST tax base, and other indicators of robust economic growth were all highlighted in the union budget and real estate will benefit from a strong economy. Plans to construct additional airports, train lines, metro routes, EV facilities, etc have been announced. Naturally, this will result in increased demand for real estate in western UP, including Noida," Gupta said.
RBI flags contagion risk, says stress in NBFC sector assessed to be higher than in March 2023
The Reserve Bank of India (RBI) stated in its Financial Stability Report that while macro stress tests show banks would comply with minimum capital requirements under severe stress scenarios, the non-banking financial company (NBFC) sector faces higher stress relative to March 2023. The RBI emphasized proceeding with caution on the evolving outlook and risks.
Prefer CVs in auto pack; it is back to basics in banking sector: Mahantesh Sabarad
Mahantesh Sabarad says: “Currently, the commercial vehicles are better poised relative to the other two that you name, the tractors and the passenger cars, simply because commercial vehicles seem to be now going up the cycle in terms of volumes. Plus, we also have an advantage coming in the form of better margins with overall commodity prices easing out a bit.”
As FII flows move to India, which underperformers will make a comeback? Sanjiv Bhasin answers
Sanjiv Bhasin says: “In capital goods basket, we have a basket of ABB, L&T and Cummins. Siemens was our top pick sometime back but it has gone way beyond the price performance. There was uncertainty due to lack of clarity. I think they are trying to come to that. ”
Asian stocks in cautious mood ahead of BOJ decision
Asian shares and the yen steadied early on Tuesday as traders' focus turned on Japan's central bank and whether it might edge further away from its ultra-easy monetary policy, while global equities continued to cheer the prospect of U.S. rate cuts.
Zee-Sony Merger: NCLAT refuses to halt mega merger to create media giant
NCLAT has declined a stay order on the Zee Entertainment Enterprises Limited (ZEEL) and Sony merger. Zee's shares surged, hitting Rs 286.50, rising 1.6% on BSE Sensex at 70,980. The National Company Law Appellate Tribunal (NCLAT) issued a notice for a hearing on January 8 regarding the challenge against the merger by IDBI Bank and Axis Finance, objecting to the NCLT's August 10, 2023, approval order.
Zurich Insurance to pick 51% stake in Kotak General Insurance for Rs 4,051 crore
Once Zurich acquires the 51% shareholding in the insurance company, it will cease to be a subsidiary of the bank. The proposed transaction values Kotak General Insurance at approximately Rs 7,943 crore on a post money valuation, subject to customary closing adjustments.
RBI revises bulk FD limit for these banks to Rs 1 crore
The Reserve Bank of India (RBI) decided to raise the criteria for 'bulk deposits' for regional rural banks (RRBs) to Rs 1 crore from the current Rs 15 lakhs in order to raise more funds.
Overweight on Bank Nifty; Bajaj Finance below 7500 the best opportunity for 2024: Sanjiv Bhasin
Sanjiv Bhasin believes Bajaj Finance is a strong stock that will drive the Nifty higher. He recommends buying the stock on any declines near 7500, as it has a positive outlook with strong numbers and guidance. Bhasin also expresses bullish views on ICICI Bank, Reliance Industries, Axis Bank, Asian Paints, and Paytm. He suggests adding Mahanagar Gas and IGL to the portfolio, as they are expected to benefit from the expansion of electric vehicle infrastructure.
Big banks take to large language models trained on internal data
Retail-focused HDFC Bank, India’s only lender with a market capitalization in excess of $100 billion, will roll out a private LLM-powered website in the next two quarters, Ramesh Lakshminarayanan, chief information officer and group head of IT, HDFC Bank, told ET
Shaping Future Financial Leaders: The Journey of BBA in Finance
The BBA Finance program is a three-year course that provides students with comprehensive knowledge and skills in financial management. Admissions are based on merit, with some universities requiring entrance exams. The curriculum includes courses in management, accounting, communication, and law. After completing the program, students can pursue an MBA in finance or other postgraduate commerce options. BBA finance graduates can find employment in both the public and private sectors, with average salaries ranging from INR 30,000 to INR 5 Lakhs.
Indian commercial real estate will sustain as long as they deliver a great product: Irfan Razack, Prestige Group
There is a need and that need is being fulfilled with good products. Of course, the product has to be good, the location has to be good and at the same time we have to make sure even the pricing is absolutely right. So, if we get that mix right, I believe that business will go on, but the traction on ground is excellent.
TI Clean Mobility signs definitive agreements to raise further capital for EV biz
On Saturday, a company statement said, "TI Clean Mobility has signed definitive agreements on May 5 to raise further capital of Rs 675 crore by way of CCPS. Multiples along with other co-investors would be investing an aggregate amount of Rs 600 crore, while TII would be investing Rs 75 crore."
Midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Why it still makes sense to invest in debt funds post taxation tweaks
Thus, if yields rise, then prices fall eroding the gains made from coupon accruals. Correspondingly, if yields fall, then prices rise adding to the gains made from coupon accruals.
Max Estates to develop 2 million sq ft of residential and commercial space in 2023
In the last six months the company completed three land transactions, acquiring around 22 acres for Rs 850 crore. One of these land lots will be used for residential development, while the rest will be used for commercial buildings. Max is in talks for another land acquisition on the Dwarka Expressway in Gurgaon for residential development.
High returns from commercial real estate entices many; should you opt for fractional investment?
Premium commercial real estate has traditionally been limited to HNIs. However, evolution in the financial sector and new-age technology has done the job for retail investors by bringing in the fractional ownership concept, which helps retail investors to pool in their resources and access CRE.
Elon Musk is definitely buying Twitter this time. Maybe
This week Elon Musk offered to buy Twitter for $44 billion or $54.20 a share – again. Don’t put the popcorn down just yet. Here’s the TL;DR of all the major developments since Musk began to get cold feet in mid-May, and one way he could still wriggle out of deal.
Petersburg Social Commercial Bank may be a focal point of India-Russia rupee trade
Replacement of European companies in the Russian market by Indian companies is increasing, Vladimir L Pribytkin, the bank’s founder and chairman told ET in an interview over the phone. “That is why the trade share of Indian companies on our market is definitely going to expand each month, if not each week.”
Load More
