10:10 AM
Blogger
Public sector banks have demonstrated a remarkable resurgence, achieving their highest advance growth since 2010 at 12.2% in FY25, surpassing private banks for the first time in over a decade. This turnaround is attributed to improved asset quality, strategic branch expansion, and diversification of income streams.
12:10 AM
Blogger
A new Aadhaar-based framework has been introduced for cooperative banks, enabling authentication and eKYC services. This initiative, spearheaded by the Cooperation Ministry and UIDAI, allows state cooperative banks to register directly with UIDAI, while district central cooperative banks can utilize their state counterparts' infrastructure. The move aims to enhance financial inclusion in rural areas by cutting costs and improving efficiency.
7:10 PM
Blogger
Gold prices in Delhi surged by ₹800 to ₹1,14,000 per 10 grams, fueled by global factors like geopolitical tensions and US-China trade frictions. Silver also rose, reaching ₹1,32,000 per kilogram. Bullish sentiment prevails due to strong ETF inflows, central bank gold purchases, and expectations of US Federal Reserve rate cuts.
6:10 PM
Blogger
India's foreign exchange reserves witnessed a substantial increase of $4.698 billion, reaching $702.966 billion for the week ending September 12, according to the Reserve Bank of India's data. This marks the second consecutive week of significant growth, driven primarily by a rise in foreign currency assets and a notable jump in gold reserves.
9:10 AM
Blogger
Stock market recommendations: Bajaj Broking Research suggests a positive outlook for the Indian stock market, highlighting potential gains in Nifty and Bank Nifty. They recommend buying Bharat Electronics, anticipating a rise to Rs 467 within six months, and RBL Bank, projecting a target of Rs 296 in one month, based on technical analysis and market trends.
5:10 PM
Blogger
The Bank of England maintained its key interest rate at 4 per cent, despite UK inflation remaining high at 3.8 per cent in August, nearly double the 2 per cent target. The central bank has been gradually lowering rates since August 2024, with the next potential cut in November. Economists are uncertain due to persistent price pressures and wage growth.
10:10 AM
Blogger
Top stock market recommendations: Aakash K Hindocha from Nuvama Professional Clients Group recommends buying Eicher Motors, JSW Infrastructure, and Manappuram Finance. Nifty's double bottom breakout suggests potential for 26000+ levels, while Bank Nifty could rally further.
1:10 AM
Blogger
Flagging risks of slowing economic growth and job gains, the US Federal Reserve cut rates by 25 basis points. US is the world's largest economy and any benchmark rate movement by its central bank has global implications. Will the US Federal Reserve’s decision to cut rates spur a rally or will Nifty50 and BSE Sensex remain range-bound in the coming weeks?
9:10 PM
Blogger
The Bank of Canada has lowered its key lending rate to 2.5% in response to the economic strain caused by US protectionism and trade tensions. Canada's GDP shrank significantly in the second quarter of 2025, with exports plummeting due to fading advance orders.
4:10 PM
Blogger
State Bank of India has divested approximately 13.18% of its stake in Yes Bank Limited to Sumitomo Mitsui Banking Corporation, a prominent Japanese bank. This transaction marks a significant cross-border investment in India's banking sector. SBI remains a key shareholder with around 10.8% stake, continuing its support since the 2020 restructuring.
3:10 PM
Blogger
Despite US tariffs in 2025, Indian stock markets achieved positive returns, bolstered by strong domestic fundamentals and GST reforms. Bank of Baroda's Sonal Badhan noted that markets have factored in tariff uncertainties. While global markets initially suffered, India, along with Hong Kong, Brazil, and China, showed resilience.
12:10 AM
Blogger
The Reserve Bank of India (RBI) has introduced final guidelines to regulate payment aggregators, effective immediately. These guidelines classify aggregators into three categories and impose stringent capital requirements for non-bank entities, including a minimum net worth of Rs 25 crore by the third financial year. The framework also covers escrow accounts, fund management, and cross-border limits.
2:10 PM
Blogger
Gold has outperformed domestic equities, delivering substantial returns due to central banks' buying and investors seeking inflation protection. Over the past year, gold yielded 50.1% in rupee terms, while the Sensex declined. Experts suggest maintaining a 10-15% gold allocation for portfolio diversification.
6:10 PM
Blogger
Gold prices are expected to consolidate as investors await the US Federal Reserve's policy meeting. Geopolitical tensions and central bank demand continue to support bullion, with gold surpassing inflation-adjusted peaks. Silver mirrored gold's gains, driven by industrial use and ETF inflows, with analysts anticipating further upward momentum for precious metals.
5:10 PM
Blogger
The International Finance Corporation (IFC) is set to gain substantial returns from Tata Capital's upcoming $2 billion IPO by offloading a portion of its shares acquired in 2011 through Tata Cleantech. IFC's initial investment of Rs 179 crore is now valued at approximately Rs 2,458 crore, potentially increasing further post-IPO.
RSS Feed
Twitter
