A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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Gold surged in FY25, gaining 41% in USD and 33% in rupee terms, driven by its safe-haven status and central bank buying. Despite this, Indian equities outperformed gold over longer periods.
6:10 AM
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IndusInd Bank faced scrutiny for wrongly booking Rs 674 crore in interest income. The bank reversed the amount after a whistleblower complaint. Internal audits revealed the accounting errors. CEO Sumant Kathpalia and deputy CEO Arun Khurana resigned. The Reserve Bank of India had earlier extended Kathpalia's term by only a year. The bank initiated corrective measures following the report.
9:10 PM
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Indian banks are poised for increased loan growth, fueled by improved profitability and reduced provisions. Major banks like SBI and HDFC Bank reported net income growth, with loan books expanding. Public Sector Banks (PSBs) achieved record profits, reflecting better asset quality and increased shareholder dividends, signaling a robust banking sector.
2:10 PM
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A Union Bank of India report indicates that rising metal prices may counteract the recent decline in wholesale inflation, despite a drop to a 13-month low in April 2025. While global metal indices show a softer trend, domestic metal prices, particularly iron and steel, are increasing.
8:10 AM
Blogger
Top stock market recommendations: Nuvama Professional Clients Group's Aakash K Hindocha suggests a positive outlook for Nifty and Bank Nifty, setting targets at 24900/25400 and a range of 54500-55900, respectively. Havells, Adani Energy Solutions, and HCL Technologies are top buy recommendations.
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