RBI dividend norms: Banks can pay up to 75% of profits as payout from FY27

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IDFC First Bank paid Rs 645-cr towards Chandigarh fraud claims

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Banks net Rs 19,000 crore from minimum balance fine

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Market recap: Mcap of 8 of top-10 most valued firms wipes out Rs 2.81 lakh cr; State Bank biggest laggard

Indian stock markets experienced a significant downturn last week, with the top ten most valuable companies collectively shedding over Rs 2.8 lakh crore. Escalating geopolitical tensions and rising crude oil prices impacted investor sentiment, leading to broad-based selling. State Bank of India saw the steepest decline, while only Reliance Industries and Infosys managed to post gains.

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In range-bound session, rupee slips 15 paisa vs Dollar

The Indian rupee weakened against the dollar, closing at 91.75 on Friday, influenced by rising crude oil prices and foreign investor withdrawals. Despite central bank intervention and domestic stock market declines, losses were somewhat contained. Analysts anticipate continued pressure on the rupee due to firm crude prices, with a trading range of 91.25-92.50 expected.

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