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Source: Live Mint Stocks to buy: Indian stock market benchmarks, the Sensex and the Nifty 50, declined by more than one percent each. The Sensex ended the day down by 931 points, or 1.15%, closing at 80,220.72, while the Nifty 50 fell by 309 points, or 1.25%, to finish at 24,472.10. The mid and small-cap…
Source: Live Mint After keeping the benchmark interest rate unchanged for ten consecutive meets, Reserve Bank of India (RBI) is expected to cut the repo rate in the next monetary policy committee (MPC) meet scheduled in December. It is, therefore, recommended to lock your savings in fixed deposits (FDs) for as long as possible, argue…
Source: Live Mint In 2024, despite the momentum in financialisation, the Nifty Bank index has underperformed, rising only 7% compared to the Nifty 50’s impressive 15.6% gain. This gap signals investor hesitation, with key banking stocks hovering around critical levels in both the public and private sectors. However, many banks maintain solid fundamentals and have…
Source: Live Mint State Bank of India (SBI) has revised its marginal cost of funds based lending rate (MCLR) with effect from October 15, 2024. The interest rates across all other tenures remain the same, however, MCLR for one-month tenor has been slashed from 8.45 to 8.20 per cent. Interest rate for overnight tenure stands…
Source: Live Mint Indian stock market: The Indian market closed lower on Friday, dragged down by auto and banking stocks. While gains in pharma and metal sectors offered some support, they weren’t enough to lift the indices. As a result, the Nifty 50 declined by 0.14%, marking its third consecutive close below 25,000 at 24,964….
Source: Business Standard 4 min read Last Updated : Oct 04 2024 | 1:14 PM IST Public sector banks shine: Shares of public sector banks (PSBs) have rallied up to 4 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade after Bank of Baroda (BOB) reported steady provisional numbers for the July…
Source: Business Standard 1 min read Last Updated : Oct 03 2024 | 7:42 PM IST If you need a personal loan anytime soon, consider this table by Paisabazaar.com for your needs. It has the interest rate, processing fees and other information provided by more than 20 insurance companies. Click here to connect with us…
Source: Business Standard 3 min read Last Updated : Sep 29 2024 | 10:54 AM IST In a bid to attract depositors, State Bank of India is contemplating to come out with innovative products including a combo product of recurring deposit and SIP, said the bank’s chairman C S Setty. With the economy…
Source: Business Standard 3 min read Last Updated : Sep 24 2024 | 2:04 PM IST The National Consumer Disputes Redressal Commission (NCDRC) has upheld an order by the Telangana State Consumer Disputes Redressal Commission instructing the State Bank of India (SBI) to refund Rs 63.74 lakh to a customer. The lender was ordered…
Source: Business Standard Mumbai: SBI Chairman Challa Sreenivasulu Setty during the ‘Global Fintech Fest’, in Mumbai, Friday, Aug. 30, 2024. (Photo: PTI) 3 min read Last Updated : Sep 18 2024 | 3:47 PM IST The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation,…
