During Samvat 2080 as per SBI Securities -India remains the Emerging Global Economic Powerhouse: They say that as per the latest World Economic Outlook – October’2023 report by IMF, India’s FY24 GDP growth estimate has been revised upwards by 0.2% to 6.3% and will be the fastest-growing economy in theRead More →
The combined market valuation of five of the top-10 most valued firms jumped ₹86,234.73 crore in a holiday-shortened last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer. The holiday-shortened week witnessed a jump in the market valuation of five of top-ten most valued firms ₹86,234.73 crore. OutRead More →
National Securities Depository Limited (NSDL), the largest depository in the country, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator Securities & Exchange Board of India (SEBI) for an IPO. NSDL IPO will be a total offer for sale (OFS) of up to 57,260,001 shares. The NationalRead More →
State Bank of India (SBI) today said it proposes to sell 2% stake by offloading 40 lakh shares in depository organisation NSDL. State Bank of India proposes to participate in an Initial Public Offering (IPO) of National Securities Depositories Limited (NSDL) by way of offer for sale of up toRead More →
Bank of Baroda share price: Despite sell off in key benchmark indices, Bank of Baroda shares continued to attract buying interest by stock market bulls. Bank of Baroda share price today opened upside and went on to hit intraday high of ₹194.80 apiece on NSE, logging around 3.50 per centRead More →
State Bank of India (SBI) on Monday said that a meeting of the central board of the bank is slated to be held on Friday to consider approval for raising funds via private placement. In a statement to the BSE, SBI said: “…a meeting of the Central Board of StateRead More →
In the fiscal year 2023, the banking sector experienced strong credit growth, with a YoY increase of approximately 17%. However, the growth rate of deposits was slower, at around 11% YoY. In order to maintain an adequate Credit Deposit Ratio (CDR) and a regulatory Liquidity Coverage Ratio (LCR) of 100%Read More →
The benchmark Nifty has moved deeper into the gains as the bulls took the index above 18,000, following a Head and Shoulder pattern on the daily timeframe. The current rally was well-predicted by the writers, as they had a decent short PE position at the 17,800 strike price. On theRead More →
The banking sector in the March quarter has shown growth in credit will remain buoyant in the retail segment and recovery in the corporate segment, coupled with stable asset quality and credit costs. Brokerage house Motilal Oswal Securities expects systemic loan growth to remain robust in Q4FY23, with a healthyRead More →
Ashish Dhawan portfolio: Ace investor has bought stake in Equitas Small Finance Bank during January to March 2023 quarter. As per the shareholding pattern shared by Equitas Small Finance Bank with Indian exchanges, investor Ashish Dhawan’s name appears in the list of individual shareholders who hold one per cent orRead More →
