11:10 PM
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3:10 PM
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Fifteen standout picks, including DCB Bank and Lemon Tree Hotels, are anticipated to offer significant gains. Market corrections have made these stocks more attractive, with good prospects despite varied performance this year.
5:10 AM
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Bank credit growth decelerated this financial year, with deposits reaching Rs 211.9 lakh crore by July 26, 2024, surpassing the growth in bank advances. Credit rose to Rs 168.1 lakh crore, influenced by personal loans and MSMEs. CareEdge Ratings attributed the slowdown to RBI measures and banks' efforts to boost their deposit base.
10:10 AM
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August 2024 bank holidays: In August 2024, banks across various states in India will remain closed for a total of 13 days, which includes Sundays and the second and fourth Saturdays of the month.
6:10 AM
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The Reserve Bank of India proposed risk-based pricing for bank deposit insurance to encourage stronger risk management. This move addresses concerns that stressed banks could face rapid withdrawals driven by digital channels and social media. Currently, deposit insurance covers up to Rs 5 lakh per depositor when a bank fails.
4:10 PM
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Banking Laws (Amendment) Bill, 2024: When there are multiple simultaneous nominees, the nomination will be effective in a predetermined proportion. In the case of successive nominations, priority will be given to the nominee named higher in the nomination order.
4:10 PM
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Stock market today: The stock market plunge was primarily influenced by a decrease in HDFC Bank share price. The bank is expected to witness lower-than-anticipated inflows due to a gradual adjustment of its weight on the MSCI emerging market index.
1:10 PM
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Fixed deposit (FD) investors enjoyed high interest rates recently, but a decline might be imminent as the Reserve Bank of India considers future rate cuts. Banks have been slow to adjust deposit rates. Investors may look to lock in current high rates and consider long-term FDs.
12:10 PM
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Latest Bank Fixed Deposit rates: Several public sector banks have revised their fixed deposit interest rates in the last two months. Union Bank of India offers the highest rates up to 7.40% p.a. for 333 days.
6:10 AM
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In 2022, Madhabi Puri Buch became the first woman and first private sector professional to chair Sebi after a break. Known for her collaborative approach, IT focus, and data-driven decisions, she brought significant changes in market regulation. Before Sebi, she had a significant career at ICICI Bank and experience overseas with Greater Pacific Capital.
12:10 PM
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The combined market valuation of eight out of ten top firms fell by Rs 1,66,954.07 crore last week, with Reliance Industries and Life Insurance Corporation suffering the most. Alongside a 1.57% drop in BSE benchmark, major firms like State Bank of India, Infosys, and Tata Consultancy Services also saw significant declines in their market capitalizations.
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