Category: Banking

Icici Bank Share Price Live blog for 25 Jan 2024

Icici Bank Share Price Today : The last day of trading for ICICI Bank saw an open price of ₹1030 and a close price of ₹1029.45. The stock reached a high of ₹1035.8 and a low of ₹996.65 during the day. The market capitalization of ICICI Bank is currently at ₹701,004.41 crore. The 52-week high for the stock is ₹1042.65 and the 52-week low is ₹796.1. The BSE volume for the stock was 1,826,448 shares.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

25 Jan 2024, 08:04 AM IST
Icici Bank share price Live :Icici Bank closed at ₹1029.45 on last trading day
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Source: https://www.livemint.com/market/live-blog/icici-bank-share-price-live-blog-for-25-jan-2024/amp-11706150081511.html

Ashok Leyland Partners With CSB Bank For Vehicle Financing

Ashok Leyland has signed a memorandum of understanding with CSB Bank to enter a strategic vehicle financing partnership for its customers.Under this partnership, CSB Bank will be able to provide end-to-end financial solutions and work towards satisfying the customers’ needs through vehicle loans with easy monthly repayment plans best suited for customers. Moreover, the sales & marketing teams of CSB Bank and Ashok Leyland will work together to develop joint marketing and financing programmes for mutually furthering the volumes of business.Gopal Mahadevan, CFO and Director, Ashok Leyland, said that with the combined strength of CSB Bank, the company and its dealers will now have…
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Source: https://www.mobilityoutlook.com/news/ashok-leyland-partners-with-csb-bank-for-vehicle-financing/

IDBI, ICICI, City Union, and Axis Bank Stocks Post Gains on BSE

MUMBAI – Shares of leading Indian banks IDBI Bank (NS:), ICICI Bank (NS:), City Union Bank (NS:), and Axis Bank (NS:) showed positive momentum in Wednesday’s trading session on the Bombay Stock Exchange (BSE). Amidst ongoing market promotions, all four banks ended the day with gains and offered customers incentives like ad-lite usage and premium app access.IDBI Bank’s shares witnessed a slight increase of 0.61%, closing at ₹61.89. The stock oscillated between a high of ₹62.6 and a low of ₹61.75 throughout the day, with a post-close price of ₹62.27. The bank’s market valuation stood at ₹66,955.21 crore, with a BSE volume of 248,038 shares exchanged.Following suit, ICICI…
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Source: https://in.investing.com/news/idbi-icici-city-union-and-axis-bank-stocks-post-gains-on-bse-93CH-3909149

India bank liquidity deficit hits record high – Reuters India

India bank liquidity deficit hits record high  Reuters IndiaWidening liquidity deficit: RBI to infuse ₹2.50 lakh cr liquidity via VRR  BusinessLineLiquidity deficit at a 14-year high of Rs 3 trillion  The Financial ExpressLiquidity deficit in banks widens to Rs 3.3 trn due to GST outflows  Business StandardLiquidity deficit in the banking system rises over 10-year high after tax outflows  Moneycontrol
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Source: https://www.reuters.com/world/india/india-bank-liquidity-deficit-hits-record-high-2024-01-24/

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Minimizing India’s carbon footprint using bamboo | Commodities Corner

India, ranking as the third-largest global consumer and importer of oil, is actively pursuing a reduction in crude oil consumption by transitioning to eco-friendly alternatives like biofuels. The nation aims to increase the blending of ethanol with gasoline to 20% by 2025. The Assam biorefinery, developed at a cost of 40 billion rupees in collaboration with NRL and Finnish partners Chempolis and Fortum, marks India’s pioneering use of bamboo as a feedstock. Catch Manisha Gupta in conversation with Bhaskar Phukan, Managing…
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Source: https://www.moneycontrol.com/

Up to 7.75% RD interest rate: SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank, Yes Bank recurring deposit rates.

Recurring deposits are a good option for those who wish to invest small amounts every month. With a recurring deposit, you may set aside a certain amount of money each month and receive a high rate of return this will allow the user to build up an appealing sum at maturity Here is a recurring deposit interest rates comparison of SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank, Yes BankFD rates up to 8.40%: These banks have revised fixed deposit interest rates in January 2024SBI RD Interest RatesState Bank of India offers recurring deposit interest rate between 6.50% to 7% on tenures from 1 year to 10 years. The highest interest rate is offered on tenure of 2 years to less than 3 years. The…
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Source: https://m.economictimes.com/wealth/invest/up-to-7-75-rd-interest-rate-sbi-pnb-canara-bank-hdfc-bank-icici-bank-yes-bank-recurring-deposit-rates-/amp_articleshow/107072820.cms

Indian Overseas Bank Raises Deposit Interest Rates – BW Businessworld

As of now, IOB offers the highest interest rates among all public sector banks on rupee retail term deposits for the 1-year to less than two years’ period, according to an official statement

Indian Overseas Bank (IOB) has implemented a rate hike of up to 80 basis points on retail term deposits in rupees, effective from 15 January 2024.As of now, IOB offers the highest interest rates among all public sector banks on rupee retail term deposits for the 1-year to less than two years’ period, according to an official statement.Depositors opting for fresh term deposits in the 1-year to less than 2 years’ category with IOB will now enjoy an interest rate of up to 7.65 per…
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Source: https://www.businessworld.in/article/Indian-Overseas-Bank-Raises-Deposit-Interest-Rates/13-01-2024-505967/

SBI report projects fiscal deficit at 5.5 per cent of GDP for FY25; gross tax to GDP ratio reaches 16-year high

ANI |
Updated: Jan 24, 2024 20:44 IST

New Delhi [India], January 24 (ANI): The Economic Research Department of the State Bank of India (SBI) has released a comprehensive research report forecasting the fiscal scenario for the upcoming financial years.According to the report, the fiscal deficit for the fiscal year 2024-25 is anticipated to be set close to 5.5 per cent of the Gross Domestic Product (GDP).Significantly, the SBI noted that the Gross Tax to GDP ratio is at a 16-year high in the current fiscal year (FY24) and could potentially reach its highest point in the last…
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Source: https://www.aninews.in/news/business/business/sbi-report-projects-fiscal-deficit-at-55-per-cent-of-gdp-for-fy25-gross-tax-to-gdp-ratio-reaches-16-year-high20240124204428/