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SBI’s core business stays strong despite one-time hit on account of higher wage costs in Q3

India’s largest bank SBI saw its third quarter profits slip by 35.5% as it took a ₹7,100 exceptiona…

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2 mins read

Mobikwik replans market debut with plans of raising ₹700 crore

Fintech One Mobikwik Systems has filed a Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹70…

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India’s biggest lender appoints Alok Kumar Choudhary as new MD soon after top brass rejig

Seasoned banker Alok Kumar Choudhary was appointed as the managing director of India’s largest publ…

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3 mins read

RBI crackdown on personal loans – Bajaj Finance, IIFL, Aditya Birla and SBI Cards to take a bigger hit, say analysts

Reserve Bank of India’s crackdown on personal loan disbursals by banks and non-banking finance comp…

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IRM Energy IPO subscribed 75% on day 1 with good retail interest

The initial public offer (IPO) of city gas distribution company IRM Energy was subscribed 75% by th…

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Consumers in retail verticals may front load their purchases in niche areas due to rate hikes: SBI Research

Personal loans segment continued to perform well, registering an acceleration in growth to 14.7 per…

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India Shelter Finance IPO subscribed 1.48x times on day 1 Q

Affordable housing company India Shelter Finance Corporation’s IPO was subscribed to 1.48 times the…

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Foreign investors continue to bet big on banks and nibbling on small and mid cap stocks

The shareholding pattern of NSE500 stocks has witnessed significant changes in recent months, with …

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2 mins read

Applying for an IPO? Here is how you can increase your allotment chances

It is the season of initial public offerings or IPOs. ​​The allocation of shares in an Initial Publ…

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4 mins read

Stock picks for 2023: L&T, SBI, Axis Bank among top brokerage picks for the new year

The year 2022 has been an eventful one, with multiple headwinds in the form of rising geopolitical …

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8 mins read

India Inc.’s rockstars of Q2 and things that investors should look out for, according to analysts

Banking, financial services and insurance (BFSI), automakers, chemicals, aviation, retailing and ch…

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1 min read

SBI waives processing fee for car, gold and personal loans availed using YONO

To enlarge retail loans and online business, lendin g major SBI on Monday announced a 100 per cent …

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3 mins read

Utkarsh Small Finance Bank IPO subscribed 101x as QIBs make a beeline for it

Utkarsh Small Finance Bank’s ₹500 crore IPO was subscribed 4.7 times over on the first day of the i…

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Banks to reap rewards of interest rate hikes in Q2 earnings

The Indian banking sector is expected to report strong growth in net interest income, margins and l…

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4 mins read

Rally in banking stocks continues as credit growth picks up & margins get a boost

$AXISBANK.NSE When the whole banking sector is in momentum one of the leading bank stock is near …

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Diwali week cash circulation declines for the first time in 20 years: SBI Ecowrap

For the first time since 2002 – that’s 20 years – currency in circulation has declined during…

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SBI piles on profit and provision with cash from selling stake in insurance business⁠— bad loans drop

India’s largest lender, the State Bank of India (SBI) continues to soar through the green with a 81…

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PSU banks near all time high as analysts expect a rerun of 2004-05 corporate capex cycle

Public sector banks are among the top performers on the stock exchanges with valuations reaching al…

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Top stock movers — Wipro, Future Retail, SBI Cards, NTPC, Adani Green and others

Indian stock market indices Sensex and Nifty opened on a tepid note on Wednesday, tracking losses i…

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Axis Bank scoops up Citi India’s retail assets, including the lucrative credit card business, for $1.6 billion

Axis Bank has acquired Citi India’s retail assets, including the company’s lucrative credit card bu…