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
10:10 AM
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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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