06:00:21 PM IST, 17 January 2024IndusInd Bank Share Price Updates: IndusInd Bank Stock Price History04:01:52 PM IST, 17 January 2024IndusInd Bank Share Price Updates: IndusInd Bank Bonus Updates03:31:29 PM IST, 17 January 2024IndusInd Bank Share Price Updates: IndusInd Bank Closes at Rs 1642.0, Registers 1.51% DeclineIndusInd Bank ended the trading day at a closing price of Rs 1642.0, reflecting a decrease of 1.51% compared to the previous day.03:15:48 PM IST, 17 January 2024IndusInd Bank Share Price Updates: IndusInd Bank Sees 1.35% Decline in Current Price, EMA7 at Rs 1657.9The current price of IndusInd Bank is Rs 1644.55, showing a decrease of 1.35% today. The 7-day Exponential…
Read More…
Category: Banking
Karur Vysya Bank shares rise 3%, hit 52-week high as SBI MF acquires 1.5% stake – Moneycontrol
Karur Vysya Bank shares rise 3%, hit 52-week high as SBI MF acquires 1.5% stake Moneycontrol
Read More…
Govt can look at taxing rich farmers, says MPC member – Economy News
Having taken care of poor farmers by transferring funds into their accounts, the government can contemplate imposing income tax on rich farmers to bring about fairness in the taxation structure, Reserve Bank Monetary Policy Committee (MPC) member Ashima Goyal has said.
Finance Minister Nirmala Sitharaman will present the interim Budget on February 1 in the Lok Sabha. “Government transfer payments to farmers are like a negative income tax. Along with that, a positive income tax can be applied for rich farmers as part of a movement to a data-rich system with low tax-rates and minimum exemptions,” Goyal told PTI.
She was responding to a query on whether agriculture income should be…
Read More…
rights issues: Companies in rights rush, seek Rs 50,000 crore
Mumbai: After a gap of four years, rights issues are poised to reclaim prominence in the world of corporate financing as Indian companies expand capacities and strengthen capital buffers for future acquisitions.About four dozen companies, including Indian Oil, Grasim, Tata Consumer, South Indian Bank, UPL, among others, have either declared or are contemplating rights issues to mobilise funds amounting to more than ₹50,000 crore.This resurgence follows a record-breaking achievement in 2020, when 20 companies collectively raised ₹65,000 crore.Indian Oil and Bharat Petroleum Corp. (BPCL), are looking to raise about ₹22,000 crore and ₹18,000 crore, respectively, through rights…
Read More…
YES BANK marks historic milestone: Becomes first Indian Bank to conduct Export Finance Transaction on RXIL’s ITFS Platform – CRN
YES BANK becomes the first Indian Bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services Centres Authority (IFSCA). This strategic partnership facilitates arranging credit for exporters & importers from both Indian and Global Institutions through Factoring, Forfaiting, and other trade financing services at competitive pricing with quick turnaround using a digital platform. This is the first transaction on the ITFS platform in collaboration with any bank in the country.
Talking about the partnership, Mr….
Read More…
Sensex records worst single-day plunge in 18 months. Should you book profits?
Helped by one of the worst single-day falls in HDFC Bank shares in the last three years, Sensex on Wednesday recorded its worst daily performance in the last 18 months. During the day, Sensex fell over 1,600 points or 2.23%. The previous worst percentage loss was recorded on 13th June 2022 when the index crashed 2.68%.More than half of the decline in both Sensex as well as Nifty is attributed to heavyweight HDFC Bank, whose shares fell over 8% after investors were disappointed with flat NIM (net interest margin) at 3.4% in spite of wearing away of the ICRR impact and draw-down of some surplus liquidity.Also read: HDFC Bank shares at mouth-watering valuation, say contra buyers after $10…
Read More…
RBI waives ₹5 crore penalty imposed on Bank of Baroda over shortfall in soiled note remittances
State-owned lender Bank of Baroda (BOB) Thursday said the Reserve Bank of India (RBI) has decided to waive the ₹5 crore penalty that was previously imposed on it due to a shortfall in soiled note remittances.
” In continuation to our letter no BCC:ISD:115:16:327 dated 22.12.2023, we advise that Reserve Bank of India (RBI) vide its letter dated 10th January 2024 has waived the penalty of Rs.5 crore imposed on our Bank,” the lender said in a regulatory filing on January 11
Axis Bank underperforms Wednesday when compared to competitors
Published: Jan. 17, 2024 at 5:32 a.m. ET
Shares of Axis Bank Ltd. 532215 dropped 3.18% to 1,083.45 Indian rupees Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P BSE Sensex Index 1 falling 2.23% to 71,500.76. Axis Bank Ltd. closed 68.05 rupees below its 52-week high (1,151.50 rupees), which the company achieved on December 5….
Shares of Axis Bank Ltd.
532215
dropped 3.18% to 1,083.45 Indian rupees Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P BSE Sensex Index
1
falling…
Read More…
StanChart CEO Winters Warns US Fiscal Policy Raises Risk of Debt Buyer Strike
Standard Chartered Plc Chief Executive Officer Bill Winters said the US was running the risk of investors snubbing its debt as politicians fail to get a grip on the country’s ballooning deficitBloomberg Terminal. “There is very little sign of fiscal discipline from either party right now, which is I think concerning, but reality finds ways of biting,” said Winters, speaking in a Bloomberg Television interview from the World Economic Forum in Davos. Winters said the US could be hit by “a little bit of a buyers’ boycott” if it didn’t get its house in order.
Read More…
Indian Overseas Bank’s Stock Plunges in Trading Today
17 Jan 2024, 02:41:01 PM ISTIndian Overseas Bank share price Today :Indian Overseas Bank trading at ₹43.49, down -2.25% from yesterday’s ₹44.49 The current stock price of Indian Overseas Bank is ₹43.49. There has been a percentage change of -2.25, indicating a decrease in the stock price. The net change is -1, implying a decrease of ₹1 in the stock price.
Read More…