3:10 PM
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Public Sector Banks showed strong performance in FY25. They increased their market share in lending across different sectors and regions. This happened even though overall bank credit growth slowed down. PSBs did well in working capital and demand loans. They also focused on retail credit like housing loans. State-owned banks grew in industrial credit.
10:10 AM
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The finance ministry reported a significant 45% increase in foreign asset and income disclosures, with 2.3 lakh taxpayers reporting in 2023-24. Amidst reports of increased Indian deposits in Swiss banks, the ministry clarified that the amount includes funds from companies, banks, and individuals. CBDT is actively reviewing returns and verifying information through multiple channels, including inquiries and searches.
9:10 AM
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India's mutual fund assets have surged, now representing 31% of bank deposits, a significant rise from a decade ago. Assets under management reached Rs 72.2 lakh crore in May 2025, fueled by a 20% compound annual growth rate. This domestic investment is increasingly offsetting foreign portfolio investor volatility.
5:10 AM
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Deepak Parekh disclosed that Chanda Kochhar once suggested a merger between ICICI Bank and HDFC. Parekh declined the offer. He cited regulatory pressure as the main driver for HDFC's eventual merger with HDFC Bank. Parekh described the merger's conclusion as both sad and happy. He emphasized the need for larger Indian banks through acquisitions.
9:10 AM
Blogger
Stock market recommendations: Bajaj Broking Research suggests investor sentiment is fragile due to geopolitical tensions and crude price rallies. Nifty is range-bound between 24,400-25,200, while Bank Nifty consolidates around 56,000. Top stock picks are Paras Defence and Space Technologies, and Thirumalai Chemicals, both with a target return of 10% over three months.
8:10 AM
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12:10 AM
Blogger
Indian money in Swiss banks more than tripled in 2024, reaching a three-year high of nearly Rs 37,600 crore, driven by increased funds through local branches and financial institutions. While individual deposits saw a modest rise, overall Indian-linked funds surged significantly. Switzerland emphasizes cooperation with India in curbing tax evasion through automatic exchange of information.
10:10 AM
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Top stock market recommendations: Aakash K Hindocha from Nuvama Professional Clients Group recommends Kaynes, Mahanagar Gas Limited (MGL), and Gland Pharma as top stock picks for today. Nifty is expected to consolidate between 24650 and 25050, while Bank Nifty ranges from 55400 to 56200.
9:10 AM
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Standard Chartered is under the Reserve Bank of India's (RBI) examination due to identified deficiencies in its risk management procedures and irregularities in the sale of derivatives. The concerns were raised after sales of target redemption forwards to small and medium enterprises, where buyers were allegedly not fully informed about potential risks, leading to scrutiny of the bank's processes.
8:10 AM
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5:10 PM
Blogger
Starting July 1, 2025, ICICI Bank is set to revise service charges across various banking transactions. These revisions include fees on demand drafts, ATM usage, cash deposits and withdrawals, and debit card services, impacting both metro and non-metro customers. While some exemptions are provided for senior citizens, most services will see increased charges.
12:10 PM
Blogger
Customers with bank lockers risk losing access if they don't sign revised rental agreements, with about 20% facing potential denial due to missed deadlines. Banks are seeking authorization to issue final notices and seal lockers for non-compliance, as the RBI monitors adherence to updated guidelines.
10:10 AM
Blogger
Gold price prediction today: Gold prices are volatile due to Middle East tensions and speculation about Federal Reserve rate cuts. Gold has surpassed the euro as the second-largest reserve asset, fueled by central bank buying. Focus remains on geopolitical events and upcoming Fed meetings, which will influence gold's trajectory, while domestic demand in India is currently subdued.
5:10 PM
Blogger
Global stock markets experienced a downturn, and oil prices surged due to Israel's evacuation warning in Tehran, heightening fears of a broader regional conflict. European and Asian equities declined, while US futures pointed lower amidst investor anxiety. The Bank of Japan acknowledged economic uncertainties, and investors remained watchful of trade tensions and the upcoming US Federal Reserve meeting.
5:10 PM
Blogger
Central banks worldwide are increasingly favouring gold amid global economic uncertainties, according to a World Gold Council survey. A significant 95% of reserve managers anticipate further growth in central bank gold reserves, the highest since 2019. Emerging markets drive this trend, prioritizing gold for its value preservation and performance during instability.
1:10 PM
Blogger
Gold price prediction today: Gold prices are fluctuating due to the ongoing Iran-Israel conflict, initially surging before easing on de-escalation hopes. Despite Iran's willingness to negotiate, tensions remain high, influencing market sentiment. Investors are closely monitoring geopolitical developments, US economic data, and central bank decisions for further direction, with potential support and resistance levels identified.
9:10 AM
Blogger
Indian stock market soared on Monday. Sensex closed 678 points higher. Nifty also saw a significant rise. HDFC Bank, ICICI Bank, and Infosys led the gains. Domestic funds invested heavily, offsetting foreign fund outflows. Investors grew richer by Rs 3.3 lakh crore. A potential ceasefire between Israel and Iran may further boost the market. Gold prices fell on ceasefire news.
4:10 PM
Blogger
State Bank of India reduced its lending rates by 50 basis points, effective June 15, 2025, lowering RLLR to 7.75% and EBLR to 8.15%. Fixed deposit rates for amounts up to Rs 3 crore were also decreased by 25 basis points across various maturities.
10:10 AM
Blogger
Asian stock markets showed initial recovery signs after last week's losses due to escalating Israel-Iran tensions. Investor caution persists amid concerns over oil supplies, inflation, and monetary policy. Brent crude prices increased, while the yen weakened. Market participants are closely monitoring upcoming interest rate decisions from major central banks.
3:10 AM
Blogger
The Iran-Israel conflict's impact on global markets and crude oil prices is anticipated to influence investor sentiment on Dalal Street. Market participants will also monitor central bank decisions from the US Federal Reserve, Bank of Japan, and Bank of England, alongside the RBI's policy meeting minutes and monsoon progress.
1:10 AM
Blogger
State Bank of India has reduced interest rates on deposits. The bank lowered retail term deposit rates by 25 basis points. Savings account rates also decreased to 2.5 percent. This decision follows the Reserve Bank of India's repo rate cut. Other banks like HDFC Bank and ICICI Bank have also reduced fixed deposit rates.
2:10 PM
Blogger
The Reserve Bank of India plans to tighten regulations on international money transfers by Indian residents, targeting foreign currency deposits with lock-in periods. These modifications aim to prevent the Liberalised Remittance Scheme from being used for passive wealth shifting, a concern for the RBI.
1:10 PM
Blogger
Last week witnessed a significant downturn in the market valuation of eight of the top-ten highest-valued firms, collectively losing ₹1,65,501.49 crore, mirroring a decline in domestic equities. HDFC Bank experienced the steepest fall. While TCS and Infosys saw gains, Reliance Industries, ICICI Bank, SBI, LIC, Bajaj Finance, and Hindustan Unilever also faced valuation decreases.
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