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
5:10 PM
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The bank has reduced its 12-month Nifty target, for end-March 2027, to 25,900 from an earlier 29,300. This suggests expected returns of about 13% in rupee terms and 12% in dollar terms over the next year, which is lower than the 19% upside projected for the MXAPJ index.
3:10 AM
Blogger
Indian banks face a growing funding gap as credit expansion outpaces deposit growth. Lenders are turning to certificates of deposit, a wholesale funding source, to meet loan demand. This shift reflects changing household savings patterns and strong credit appetite across various sectors. Banks are also reallocating capital from government securities to support lending activities.
5:10 PM
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Bank customers must check holiday schedules before visiting branches this week. Closures will occur due to festivals and state holidays. RBI guidelines also mean branches will be shut on the second and fourth Saturdays of March. Plan your banking needs accordingly. Digital platforms like mobile apps and UPI remain active for everyday transactions. Services requiring branch visits will be unavailable.
4:10 AM
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Precious metals like gold and silver have seen significant price drops despite global uncertainties and inflation fears. This trend is attributed to a slowdown in de-dollarisation, potential interest rate hikes, central bank selling, and reduced industrial demand for silver. The war in West Asia has disrupted traditional market dynamics, leading to a bearish sentiment.
3:10 AM
Blogger
India's economy shows resilience, but the Reserve Bank of India notes rising price risks. A severe global conflict in West Asia has disrupted oil and commodity markets, causing price surges and volatility. This geopolitical shock is impacting financial systems, leading to equity market sell-offs and pressure on emerging market currencies, including the Indian Rupee.
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