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2 mins read
Indian stocks kick off FY25 on a flyer, indices at fresh peak
Riding on the gains from the previous financial year, Indian stock indices kicked off the new fisca…
ANI
1 min read
Kotak Mahindra logs Rs 3,005 crore PAT for Q3
Kotak Mahindra Bank Ltd on Saturday said it closed the third quarter of FY24 with an after tax prof…
3 mins read
Digital payments are on track to cross the 200 billion mark, but fintechs are yet to ‘earn’ from them
Digital payments transactions in India are expected to cross the 200 million mark in the next three…
2 mins read
RBI approves Rs 87,416 cr dividend payout to the government for 2022-23
The Reserve Bank of India (RBI) approved a dividend payout of Rs 87,416 crore to the central govern…
2 mins read
Watch out for RBI policy review and earnings from Airtel, Lupin, Sun Pharma and M&M this week
Analysts said investors were disappointed as the Budget failed to live up to market expectation…
PTI
1 min read
Consumer complaints need to be resolved quickly, says RBI Governor
The central bank governor said he was concerned about rising customer grievances, despite the …
2 mins read
RBI cancels licence of Laxmi Co-operative Bank, Solapur
The Reserve Bank of India (RBI) on Thursday cancelled the licence of The Laxmi Co-operative Bank Lt…
3 mins read
Market in the grip of a bear hug: Nifty50 trades below 17,000 points, rupee hits a new low
Benchmark indices Sensex and Nifty50 continue to remain under pressure mirroring weakness in the gl…
3 mins read
HDFC Bank is beefing up capital and provision to cushion a spike in bad loans post moratorium — and that’s helping its share price
HDFC Bank’s share price is up more than 3% after it announced its earnings over the weekend. The ju…
1 min read
RBI keeps benchmark policy rate unchanged at 4% for the seventh time in a row
MPC decided to maintain status quo, that is keeping benchmark repurchase (repo) rate at 4 per …
PTI
3 mins read
Macquarie warns that RBI's decision on new bank licenses could be controversial given the number of bank failures in India
At a time when bank failures are increasing in India, the decision to distribute licenses could be …
2 mins read
Axis Bank share price surges over 6% after earnings reveal that only 9.7% of its loans are exposed to the moratorium
Axis Bank’s share price rallied over 6% in early morning trade, reacting to its Q1 earnings posted …
PTI
4 mins read
HCL Tech's second quarter to see a boost from cloud adoption — analysts expect it to breach 3.5% revenue growth guidance
HCL Technologies believes its revenue is set to grow by ‘at least’ 3.5% this quarter, according to …
3 mins read
Credit Suisse just went ‘overweight’ on India — says the pandemic is “no longer a factor”
International investment bank Credit Suisse just upgraded its rating on the Indian market to “overw…
2 mins read
Former RBI governor Patel pens book on dealing with NPA issue
"…in our country, where they own banks, they can use our deposits to lend and splurge for goals th…
PTI
1 min read
READ: 10 points from Raghuram Rajan's letter to the RBI
In a letter sent to RBI, Raghuram Rajan announced that he intended to do return to academia and dec…
4 mins read
Income tax cuts and new tax slabs — here’s how Indian Finance Minister Nirmala Sitharaman wants to make people shop more
India is bracing for its third budget in 12 months. Meanwhile, economic growth has been on a downwa…
2 mins read
Banks can save Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: Report
"We believe that banks' profitability will increase by Rs 480 crore (at 6.5 percent G-sec yield) w…
PTI
2 mins read
Enough reason for 2nd term? Here’s how Raghuram Rajan recently guarded Indian banks from a Lehman-like crisis
"Even though the economic recovery is not happening at the desired pace, RBI and the bank boards ha…