3:10 AM
Blogger
Banks have expanded their loan book by 9.3% with an additional Rs 15.3 lakh crore in the first 11 months of the financial year. Personal loans accounted for the largest share, with housing loans contributing significantly. Agriculture and vehicle loans also saw notable growth.
6:10 PM
Blogger
The Reserve Bank of India (RBI) has updated the fee structure for transactions at ATMs and Cash Recycler Machines, increasing the charges by Rs 2. Effective from May 1, 2025, customers will have a limit of five free transactions at their own bank's ATMs and additional limited free transactions at other bank ATMs based on location.
8:10 AM
Blogger
Stock market recommendations: Bajaj Broking Research recommends Larsen and Toubro and Indian Energy Exchange as top stock picks. Nifty is consolidating between 23,800 and 23,200, while Bank Nifty is expected to consolidate between 52,000-50,500.
1:10 PM
Blogger
The Reserve Bank of India aims to double investment limits for individual foreign investors in listed firms to 10%, with a view to enhance capital inflows. This move, confirmed by senior officials, seeks to extend privileges formerly exclusive to overseas Indians.
8:10 AM
Blogger
Top stock market recommendations: Aakash K Hindocha, Deputy Vice President at Nuvama Professional Clients Group, recommends buying Affle, Amara Raja Energy & Mobility, and Bharti Airtel stocks. He provides insights into Nifty and Bank Nifty indices, highlighting potential movement and targets amidst recent rallies and price actions.
2:10 AM
Blogger
One in five ultra-wealthy Indians with net worth over Rs 25 crore consider settling abroad for better investment and tax advantages, according to Kotak Mahindra Bank’s survey. A significant number are acquiring overseas real estate and diversifying portfolios globally. Succession planning and healthcare spending are rising priorities, driven by the pandemic. Education and collectibles also see increased interest.
11:10 PM
Blogger
The Indian rupee rose by 3 paise to 85.69 against the US dollar, supported by increased foreign fund inflows. Despite initial setbacks, it managed to close higher, buoyed by foreign banks and exporters. The rupee opened at 85.71 and fluctuated throughout the day, facing pressures from liquidity constraints and month-end dollar demand from importers.
7:10 PM
Blogger
Banks and UPI applications must conduct weekly updates of their mobile number records to prevent errors from recycled or modified numbers. Applications must obtain explicit user permission before assigning or updating numeric UPI IDs.
1:10 PM
Blogger
Banks in India are set to introduce a new format to help recover unclaimed deposits worth over ₹78,213 crore. The new guidelines will require banks to display unclaimed deposit details online and streamline the reclaim process, making it fully operational by FY26.
8:10 AM
Blogger
Stock market recommendations: RBL Bank and ACC are recommended stocks to buy today by Somil Mehta of Mirae Asset Sharekhan. RBL Bank is anticipated to retrace to Rs 205, while ACC is expected to rebound to Rs 2185.
6:10 PM
Blogger
Bank depositors are covered by the DICGC's insurance scheme up to Rs 5 lakh per account. Strategically distributing deposits across various banks can enhance coverage, as personal accounts, business accounts, and different joint arrangements are treated separately.
5:10 PM
Blogger
The Indian rupee continued to strengthen for the seventh straight session, closing at 85.67 against the US dollar. Positive domestic equity trends, foreign capital inflows, and lower crude prices contributed to the gain, erasing all 2025 losses. The rupee has appreciated by 154 paise, with support from foreign banks and exporters. The BSE Sensex surged 1.40%, and Nifty advanced 1.32%.
12:10 PM
Blogger
Bank unions have postponed their nationwide strike planned for March 24 and 25 after receiving constructive assurances from the Indian Banks' Association and the Finance Ministry. The key demands included a five-day workweek, with further discussions on other issues scheduled for April 22.
2:10 PM
Blogger
The combined market value of nine out of India's top ten most-valued firms grew by Rs 3,06,243.74 crore last week, with ICICI Bank and Bharti Airtel achieving the most significant gains. This surge was driven by a strong rally in equities, as the BSE Sensex and NSE Nifty rose significantly.
RSS Feed
Twitter
