SBI REPORT
SBI Card shares drop 0.12% as Sensex rises
The stock quoted a 52-week high of Rs 892.75 and a 52-week low of Rs 649.0.
Expect retail inflation to remain close to 5%: SBI Research report
India's retail inflation is projected to stay under 5.0 per cent for the rest of 2024-25, aside from September, as per SBI Research. June saw an increase in inflation to 5.08 per cent, led by higher food costs. States like Odisha, Bihar, and Karnataka had inflation rates surpassing the national average. SBI Research anticipates the RBI to reassess its policy stance around September due to declining US inflation potentially prompting a rate cut.
Inflation is highest in Odisha at 7.22% followed by Bihar and Karnataka: SBI research
India's inflation landscape showed spatial variability in June 2024, with 12 out of 22 states reporting rates exceeding the national average of 5.1%. Odisha had the highest inflation at 7.22%, followed by Bihar at 6.37% and Karnataka at 5.98%. The Index of Industrial Production (IIP) surged to a seven-month high of 5.9% in May, reflecting robust growth in mining, manufacturing, and electricity production.
Reporting foreign income in income tax return: How to report foreign income, equity share in ITR form
Reporting foreign income in ITR: Individuals who have assets and income from overseas sources are mandated to utilize either ITR 2 or ITR 3 forms when filing their tax returns. This is because Schedule FA, which is specifically designed for reporting foreign assets and income, can be found in these forms.
12.5 crore jobs created under Modi govt; 2.9 crore under UPA rule: Hardeep Puri lauds SBI report
Union Minister Hardeep Singh Puri praised a State Bank of India (SBI) report noting that the Modi-led government created 12.5 crore jobs in the past decade, contrasting sharply with the 2.9 crore jobs generated during the UPA's rule. Puri highlighted India's ascent to the world's fifth largest economy and its path towards becoming the third largest.
In last 10 years, a total of 12.5 crore jobs created: Hardeep Singh Puri cites SBI report, praises Modi Govt
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri on July 11 praised the Modi Government after a report was released indicating that around 12.5 crore jobs were created during the last 10 years. The Union Minister also said that ...
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SBI Caps report highlights optimistic outlook for the Indian economy, despite deteriorating global pitch
The SBICAPS report maintains an optimistic view of India's economy, highlighting high power demand, a road construction slowdown, and robust credit in industry, services, and commercial real estate. FY2025 forecasts include power equipment imports, increased tolls, manufacturing growth, fastag collections, mutual fund shifts, and steady NIM despite RBI's crackdown on NBFC loans.
SBI Card shares down 0.1% as Nifty falls
The stock quoted a 52-week high price of Rs 892.75 and low of Rs 649.0.
RBI job data matches with govt's: SBI Report
The latest SBI Research Ecowrap report highlights that the Reserve Bank of India's KLEMS data and the Annual Survey of Unincorporated Sector Enterprises (ASUSE) employment numbers from the government closely align. According to the report, the RBI's KLEMS data estimates India's total labour force at 597 million, whereas the ASUSE survey by MoSPI puts it at 568 million, indicating a negligible difference.
India's PMI surges in June, steel and services sectors drive economic growth: SBI
In June 2024, India's manufacturing sector saw a surge in the Purchasing Managers' Index and hiring activity, while the Eight Core Industries Index expanded by 6.5%. Steel demand boomed, driven by real estate, but auto sales slowed. The services sector excelled in digital payments, with strong domestic and international sales growth. Power consumption and UPI transactions also hit record highs, indicating a robust economic landscape for India in FY25.
Union Budget 2024: Good time to push disinvestment of public banks, says SBI report
Budget 2024: The State Bank of India (SBI) has suggested that the government should proceed with disinvestment of public sector banks (PSBs) as they are in good condition. The SBI's research report, titled 'Prelude to Union Budget 2024-25', argues for the consolidation of existing government-owned banks. The report also seeks clarity on the privatisation of IDBI Bank, which is being sold by the government and Life Insurance Corporation of India.
Yes Bank stake sale report is factually incorrect, got no approval from RBI: Bank clarifies
Yes Bank clarified that it has not received any in-principle approval from the Reserve Bank of India for a stake sale, countering a speculative media report. The bank emphasized the report's inaccuracies and confirmed no such approval from RBI. Yes Bank's shares rose 1.25% amidst this news report and the eventual clarification.
Buy SBI Life Insurance Company, target price Rs 1783: JM Financial
SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 152072.53 Crore) operating in Financial Services sector.
Insurers likely to report robust growth amid market tailwinds
APE growth in private insurers, driven by buoyant equity markets, faces VNB margin pressure from ULIPs and group pricing. Q1FY24 growth slowed due to high-value policy sales before tax changes. LIC shows 15% APE growth. HDFC Life (17-18% APE), ICICI Prudential Life (40% APE), SBI Life (18% APE), and Max Life Insurance (19% APE) report strong growth.
SBI Card share price up 0.51 per cent
A total of 39,849 shares changed hands on the counter till 01:03PM (IST).
Share price of SBI Card jumps as Sensex gains 435.67 points
A total of 38,132 shares changed hands on the counter till 11:52AM (IST)
SBI Card shares down 1.85% as Nifty drops
A total of 86,036 shares changed hands on the counter till 01:19PM (IST).
India's non-banking financial sector grew by 10%; declined globally by 3 %
India's non-banking financial sector grew by 10% as per an SBI report, while the global sector saw a 3% decline. NBFI entities focus on lending and financing without public deposits. The report noted India as the third-largest in the sector, highlighting the banking system's resilience, improved asset quality, macroeconomic fundamentals, and government initiatives for a level playing field. RBI's proactive measures ensured stability, growth, innovation, and advancements in digital banking.
Banks report higher NPA provisioning in Q4
For the 12 public sector banks (PSBs) in the sample, the aggregate provisioning for non-performing assets (NPA) fell by a tad 0.7% year-on-year to Rs 15,157.8 crore.
CIBIL or credit score drop can cost you Rs 19 lakh more on a Rs 50 lakh home loan; 4 ways to avoid it
Many social media users are reporting sudden credit score dips. Erroneous transactions, lender misreporting, and late credit card or BNPL payments, over-utilisation of credit limits are some culprits. If you have a poor credit score or CIBIL score, you'll have pay to a few lakhs extra for any big-ticket loan such as a home loan. It pays to be aware of why credit scores drop suddenly and how it can impact your life. ET Wealth Online speaks to various experts to decode how to maintain a healthy credit score or CIBIL score.
India's growth outlook: Economy to get a blockbuster release this Friday? But that's too late to stream in poll campaigns
GDP Q4: As the country buzzes with election excitement, India is set to release its GDP growth numbers for the fourth quarter of FY24 this Friday, alongside the full fiscal year figures. Analysts are eagerly awaiting to see if the January to March quarter numbers surpass expectations, fueling hopes of a surprising uptick in growth.
Top Nifty50 stocks analysts suggest buying this week
The latest Stock Reports Plus report dated May 26, 2024, highlighted stocks in the Nifty50 index with 'Strong Buy/Buy' recommendations. Analysts use IBES for actionable insights. Stock Reports Plus, powered by Refinitiv, evaluates 4,000+ listed stocks on five key components to generate scores.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus report on May 19, 2024 features 'Strong Buy/Buy' recommendations for Nifty50 stocks using IBES. It evaluates earnings surprises, estimate revisions, and 5 key components via Refinitiv.
Check out which Nifty50 stocks analysts recommend buying in election time
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Concerns on low voter turnout a 'myth'; absolute number of voters correct way to analyse: SBI Report
An economist at SBI, Soumya Kanti Ghosh, dismissed concerns about low voter turnout in the first two phases of the 2024 general elections, labeling them as a "myth." He suggested that analyzing the absolute number of votes cast provides a better measure of turnout. Ghosh noted a 0.4 percent increase in the absolute number of votes cast in the initial phases. While acknowledging a 3.1 percentage point deviation from the 2019 voting trend, Ghosh predicted a potential "J-shaped" growth in the remaining phases.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
India's retail inflation to remain above 5% till May: SBI Research report
India's retail inflation, measured by the Consumer Price Index (CPI), is predicted to hover slightly above 5% until May, decreasing to around 3% by July, as forecasted by SBI Research. The February inflation rate eased to 5.09%, with protein items and vegetable prices contributing significantly. Despite staying within the RBI's 2-6% comfort range, it remains above the ideal 4%.
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