Axis share price up 7% despite $425mn reserve charge for Q4 2023 The Insurance InsiderView Full coverage on Google News
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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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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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Bank Of Maharashtra Q3 Profit Jumps 34% To Rs 1,036 Crore
State-owned Bank of Maharashtra on Tuesday posted a 34% rise in its profit at Rs 1,036 crore in the third quarter ended December 2023.The Pune-based lender had posted a net profit of Rs 775 crore in the same quarter a year ago.Total income increased to Rs 5,851 crore during the quarter under review against Rs 4,770 crore in the same period last year, BoM said in a regulatory filing.The bank earned an interest income of Rs 5,171 crore during the quarter compared to Rs 4,129 crore in the same period a year ago.The bank was able to reduce gross Non-Performing Assets to 2.04% of the gross loans by the end of December 2023 from 2.94% a year ago.Similarly, net NPAs or bad loans came down to…
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Canara Bank Net Profit Rises 27 Pc To Rs 3,659 Crore On Falling Credit Cost, Bad Loan – MSN
Canara Bank Net Profit Rises 27 Pc To Rs 3,659 Crore On Falling Credit Cost, Bad Loan MSN
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UltraTech Cement Q3 Results Review
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.UltraTech Cement Ltd.’s Q3 FY24 Ebitda came in-line with our/consensus estimates and it reported Ebitda/tonne of Rs 1191 up Rs 236/tonne QoQ. Industry is seeing price weakness in Q4 FY24 but we expect UltraTech Cement to maintain Ebitda/tonne due to fuel cost weakness and operating leverage. UltraTech Cement capacity addition plans are intact with installed capacity to reach 157…
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Hyderabad-based IVRCL booked by CBI for Rs 4,800 crore fraud – Times of India
Hyderabad-based IVRCL booked by CBI for Rs 4,800 crore fraud Times of India
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Shareholders in Bandhan Bank (NSE:BANDHANBNK) are in the red if they invested five years ago – Simply Wall St
Shareholders in Bandhan Bank (NSE:BANDHANBNK) are in the red if they invested five years ago Simply Wall St
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Is ICICI Bank Ltd (IBN) the Top Pick in the Banks
ICICI Bank Ltd (IBN) is the highest overall rated company in the Banks – Regional industry with an overall score of 85. IBN is up 12.53% so far this year after the company closed yesterday at $24.34. The overall score measures the company’s performance based-off both short and long term indicators and means that IBN scores better than 85% of the overall market.
IBN has an Overall Score of 85. Find out what this means to you and get the rest of the rankings on IBN!
Nifty Bank tests 200-DMA; a close above 45,500 could trigger short-covering
The Nifty Bank index bounces back after retesting 200-DMA in intraday trade on Wednesday to close flat. The index rose 67 points to close at 45,082, while the Nifty50 rallied over 200 points to 21,453.Gains were seen in PNB, IndusInd Bank, AU Small Finance Bank, and SBI, while ICICI Bank, Axis Bank and IDFC First Bank saw some selling pressure.The index recouped losses as it bounced back after retesting its 200-DMA placed at 44,650 on the daily chart. Now, a close above 45,500 levels could trigger a short-covering move, suggested experts.”After a brief downturn, the bulls made a strong comeback, successfully defending the crucial support level of 44,500, where fresh put-writing…
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