FINANCIAL POSITION

Chandra Shekhar Ghosh, founder of Bandhan Bank, transitioned from CEO to a strategic role after starting as an NGO and growing it into India's largest microfinance institution turned universal bank. Overcoming his humble beginnings, Ghosh's journey ...

By 9:17 am, Indian benchmark indices saw gains with Sensex at 78,129 and Nifty50 at 24,384. Market rises were led by TCS, ICICI Bank, Infosys, Tata Steel, Titan, SBI, and HCL Tech. In contrast, HDFC Bank, Ultratech Cement, Power Grid, M&M, and Nestl...

Ghosh, who will retire from the bank on July 9 as managing director, will oversee Bandhan's insurance and mutual fund ventures, besides the bank's activity, two people familiar with the matter said.

The RBI has cancelled the licence of Shimsha Sahakara Bank in Karnataka due to financial troubles. Depositors can claim up to Rs 5 lakh from DICGC. The bank's closure is deemed necessary to protect depositor interests.

RBI cancels Banaras Merchantile Co-operative Bank's license citing financial instability. Depositors to receive up to Rs 5 lakh from DICGC. Bank lacks capital and earning prospects, leading to liquidation.

Sebi's MTF framework mandates collateralising existing shares. Kotak Securities cautions investors on MTF investments amidst surging margin funding in anticipation of Modi 3.0 budget.

Market confuses with record FII long-short ratio surge, hinting at shifting dynamics post-election. Chandan Taparia notes unusual stability despite ratio near 5, credits India's growing equity culture for market surge.

Challa Sreenivasulu Setty has been selected as the next chairman of the State Bank of India (SBI) by the Financial Services Institution Bureau (FSIB). Setty, who has worked at SBI for 35 years, will succeed current chairman Dinesh Khara, who will en...

Sebi has enhanced derivatives market criteria to ensure robust regulation and investor protection. Changes include higher thresholds and evaluation frameworks for stock entry and exit, promoting market vibrancy and stability. These upgrades may lead...

FSIB to conduct interviews for SBI Chairman selection. Three out of four MDs eligible. Khara's replacement to be chosen before his retirement.

FSIB shortlisted five CGMs for ED positions in public sector banks after interviewing 57 candidates. Vaheed, Rajeeva, and Majumdar are top three in the list, while Surendran and Srivastava are number four and five.

​But to assume or extrapolate that this similar kind of execution and similar kind of order book will stay for next three-five years which the stock prices are saying, I think that will be too much of expectation.

Ideally, they should not be able to because like you rightly said, it is more commoditised. In fact, you look at the reason why did HDFC merge into HDFC Bank, because they realised that the margins are going to get squeezed and if they do not have a...

Consumer stocks are under-owned at this point of time. They have not given any returns for the last four-five years, leave aside something like a Godrej Consumer or a Tata Consumer which have been outliers and some stocks like Titan and all which ha...

Well, what looks to essentially be the go-to market strategy, if I may use those words, would essentially to look at the defensives. Sectors which have had an extended period of underperformance, which is FMCG, rural plays, IT, pharma, these will em...

In some areas we were taking some profits. Defence was one of them. And we were adding to some of our other holdings, some in hospitals, healthcare broadly defined. Sanjiv mentioned a good point about IT services. There has not been a broad-based re...

​I do believe that there is going to be continuity to this rally as well and a possibility of add up of about 1000 points on the Nifty is quite possible.

It is very likely that these very sectors are going to basically get a fresh impetus. You are right that yes, in term one, these pockets did not yield returns. But in the second term, especially post COVID, we have seen massive returns and I probabl...

The penalty is imposed on Yes Bank because it levied charges on customers for non-maintenance minimum balance in certain savings accounts with insufficient or zero balance, which is in violation of RBI's guidelines, while ICICI Bank sanctioned term ...