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Mumbai: Nifty Bank has recorded its worst monthly performance in six years, with the index falling more than 16 percent in March. This is the steepest decline since March 2020, when markets had crashed during the COVID-19 outbreak. What makes this fall significant is that every single one of the 14 stocks in the index declined, and all losses were in double digits. The fall ranged between 11 percent and 22 percent, showing broad-based weakness across the banking sector. Heavy Losses in Large B ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India's (RBI) recent measures aimed at supporting the rupee came into effect. All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It ...Read More >
New Delhi, Dec 5 (SocialNews.XYZ) The Reserve Bank of India's decision to cut the repo rate is a move that uses the monetary space created by low inflation to stimulate consumption and strengthen the growth cycle, bankers said on Friday. Sakshi Gupta, principal economist at HDFC Bank, said the cut was in line with expectations as GDP growth had inched up above 8 per cent in Q2 FY26, the risk from external headwinds on exports continuing to linger on. She said that the sustainability of festive‑ ...Read More >
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank's board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has tapped private capital through a large-ticket deal this year. The deal activity has driven debate on whether RBI is taking a more liberal view of ...Read More >
Private banks such as Yes Bank, RBL, DCB, Federal and City Union Bank can rally up to 48%, hint charts. Shares of private banks, mainly Yes Bank and RBL Bank have been in limelight after Japan-based Sumitomo Mitsui Banking Corporation and UAE-based Emirates NBD picked equity stake in these two Indian private banks. Sumitomo Mitsui became the largest shareholder in Yes Bank at 24.99 per cent following the additional stake purchase from SBI and a consortium of seven other shareholders. Over the ...Read More >
Mumbai: Indian banks are expected to report muted earnings and loan growth for the September quarter, reflecting a slowdown in both retail and corporate segments over the past two quarters. Analysts estimate system-wide loan and deposit growth at around 9-10%. Treasury gains are also likely to be weaker, as rising bond yields weigh on valuations. Additionally, banks may face some compression in net interest margins with the full impact of recent repo rate cuts coming through. Asset quality tren ...Read More >
Mumbai, Oct 7 (PTI) The Reserve Bank on Tuesday said bill payment system Bharat Connect has been linked with foreign exchange retail platform, enabling individual customers to buy US dollars in the form of currency notes, forex card load or for outward remittances at competitive prices. With the linkage, customers will be able to access USD through their preferred payment/banking apps integrated with the Bharat Connect or Bharat Bill Payment System (BBPS) platform. Currently, five lenders -- A ...Read More >
India's oldest asset reconstruction company (ARC) wants to go public. Asset Reconstruction Co. (India) Ltd (ARCIL) filed its draft prospectus on 1 August, with four of its shareholders -- Avenue India Resurgence Pte. Ltd, State Bank of India, Lathe Investment Pte Ltd, and The Federal Bank Ltd -- looking to sell up to 105.46 million shares. If approved, it will become India's first listed ARC. Mint takes a look at the draft red herring prospectus (DRHP) to assess the state of India's ARCs -- on ...Read More >
Pune: The ongoing pre-non-interlocking and non-interlocking works to develop the Hadapsar railway station would affect trains' movement in the Daund-Pune section this week from Thursday till Sunday. A total of 17 trains, including DEMUs from Pune to Daund and Baramati to Pune, Pune-Harangul Express (01487), Harangul-Pune Express (01488), Solapur-Pune Intercity Superfast Express (12169) and Pune-Solapur Intercity Express (12170), would remain cancelled on Sunday (July 20), a railway official said ...Read More >
Mumbai: Sumitomo Mitsui Banking Corp (SMBC) has already applied to India's banking regulator to buy up to a 25% stake in Yes Bank, giving the Japanese lender sufficient headroom to immediately increase its ownership, one person directly aware of the details told ET. In May SMBC had said it will buy 20% from a clutch of local banks for which it had signed an agreement. "The SMBC application pending with the Reserve Bank of India seeks to buy up to a 25% stake in Yes Bank. That is different from ...Read More >
Ahmedabad: Banking operations in Gujarat came to a grinding halt on Wednesday as over 20,000 employees from nationalized and select private sector banks joined the all-India strike called by Central Trade Unions. The coordinated protest disrupted cash transactions, cheque clearances and customer servicing across 3,678 branches, affecting transactions worth an estimated Rs 15,000 crore, leaving traders, businesses and industrialists held up for important work.The strike drew participation from pu ...Read More >
Mumbai, July 1, 2025 -- Indian benchmark indices closed marginally higher on Monday, buoyed by banking and financial stocks, even as IT and small-cap shares witnessed some profit booking. The Nifty 50 rose by 24.75 points to settle at 25,541.80, marking a 0.097% gain. The Sensex followed suit, climbing 90.83 points to end at 83,697.29, registering a 0.11% increase. The Bank Nifty outperformed, gaining 0.26% to close at 57,459.45. Also Read: LiveIndia Markets Update: Infibeam Avenues Trades at ...Read More >
New Delhi: Sajjan Jindal-led JSW Paints' Rs 12,915-crore deal to acquire Dutch paint maker Akzo Nobel's India unit is among the biggest transactions in the country so far this year. JSW Paints on Friday announced that it will buy a 74.76 per cent stake in Dulux paint-maker Akzo Nobel India for Rs 8,986 crore, followed by an open offer to buy another 25 per cent from open market for up to Rs 3,929.06 crore, totalling tad over Rs 12,915 crore. It is slightly behind Japan's Sumitomo Mitsui Bankin ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Redd ...Read More >
Mumbai : Bank Nifty closed at a record high on Thursday, riding a bullish wave, as liquidation of bearish positions ahead of the expiry of the June derivative contracts fuelled the upmove. The index comprising shares of 12 top lenders advanced for the third consecutive session, surging 1% to 57,206.70 on Thursday, the highest closing level. Technical analysts said the index is expected to be at 57,500-58,000 levels in the near term and outperform the benchmark Nifty. "Bank Nifty has witnessed ...Read More >
New Delhi, Jun 6 (PTI) Interest-rate-sensitive stocks were in huge demand on Friday, with the realty index climbing nearly 5 per cent as investors cheered the Reserve Bank's jumbo rate cut of 50 basis points. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. The RBI's six-m ...Read More >
Bengaluru: Fugitive liquor baron Vijay Mallya approached the Karnataka High Court on Wednesday seeking direction to banks to provide details of the total amount recovered against loans obtained by him, United Breweries Holdings Limited (UBHL, now in liquidation). Considering the plea, the High Court has issued notices to concerned banks in this regard. The bench headed by Justice R. Devadas passed the order issuing notices to banks, and recovery officers and adjourned the matter till February ...Read More >
NEW DELHI: The Nifty Bank index traded around 10:19AM(IST)on Wednesday in a weak market. Federal Bank Ltd.(up 0.35 per cent) and State Bank of India(up 0.03 per cent) were among the top gainers. ICICI Bank Ltd.(down 1.0 per cent), Punjab National Bank(down 0.9 per cent), IDFC First Bank Ltd.(down 0.64 per cent), HDFC Bank Ltd.(down 0.41 per cent) and Canara Bank(down 0.38 per cent) were the top losers on the index. The Nifty Bank index was 0.41 per cent at 53357.75 at the time of writing this ...Read More >
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