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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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
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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
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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
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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
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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.
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