Goldman Sachs has recently downgraded the State Bank of India (SBI), citing an increasingly unfavorable risk-reward profile due to mounting challenges in maintaining its Return on Assets (RoA). The brokerage …
Banking
MSCI August Rejig: Vodafone Idea and RVNL Among Seven Stocks Added to India Index; Bandhan Bank to Be Excluded
In the latest MSCI August rebalancing, Vodafone Idea and RVNL are among the seven stocks set to be included in the India Index. Meanwhile, Bandhan Bank will be excluded from …
UPI Transaction Limit Raised: New Cap Aims to Facilitate Higher-Value Payments
The Reserve Bank of India (RBI) has announced a significant change to the Unified Payments Interface (UPI) transaction limit, increasing it from ₹1 lakh to ₹5 lakh per transaction. This …
On Friday, SoftBank stock experienced a significant decline of 8% in Tokyo. Over the past two days, the technology conglomerate has suffered a roughly 14% drop in its shares. This …
Japanese stocks fell sharply for the second consecutive day, driven by growing expectations of additional rate hikes by the central bank. The decline in Asian equities followed Wall Street’s losses, …
Shares of Bandhan Bank surged to the 10% upper circuit limit following a strong Q1 performance and an increase in target prices.
Shares of Bandhan Bank have shown a stable Net Interest Margin (NIM) of 7.6% quarter-over-quarter. The bank’s Assets Under Management (AUM) and deposit growth both experienced a year-over-year increase of …
Kunal Shah’s Cred is introducing a new service, Cred Money, designed to help customers manage their bank accounts. Cred Money allows users to monitor their activity across multiple accounts and …
Four public sector banks distribute a dividend of Rs 6,481 crore to the Government.
Four public sector banks, including Canara Bank, Indian Bank, Bank of India, and EXIM Bank, hand over dividend cheques amounting to Rs 6,481 crore to Finance Minister Nirmala Sitharaman for …
HDFC Bank shares rise 3% to new high, investors target Rs 1,900-level on MSCI boost.
HDFC Bank’s shares climbed nearly 3% to a new 52-week high on Wednesday. Investors responded positively to news hinting at a possible increase in the bank’s weightage in the MSCI …