Private lender Bandhan Bank (Bandhan) during its analyst day last week articulated its strategy on portfolio diversification, geographical expansion and future growth along with delinquency and provisioning assessment for H2FY23. Most importantly, it has set expectations of another Rs 1,500 crore in credit cost for H2FY23 and normalisation thereafter. Overall,…
By Siddhant Mishra The Bank Nifty closed at a record high of 43,596.85, up 498.15 points, or 1.16%, on Thursday, on a day the Nifty50 ended its four-session losing run and rose 48.85 points, or 0.26%, to 18,609.35. The Sensex climbed 160 points, or 0.26%, to 62,570.68, also spurred by…
Sebi on Wednesday sent a notice to Sahara Group firm, its chief Subrata Roy and others asking them to pay Rs 6.42 crore within 15 days in a case pertaining to flouting regulatory norms.Sebi also warned of attachment of assets and bank accounts, if they fail to make the payment.The…
By Siddhant Mishra The benchmarks continued their winning run on Tuesday to close at fresh lifetime peaks as consumer and metals stocks shone. A largely firm trend in other Asian markets and continuous foreign fund inflows also lifted the sentiment. HUL was the biggest winner among the Sensex pack, rising…
The prices of diesel and petrol have remained unchanged on 3 December 2022 and rates have been steady for about seven months now, as of today. In Mumbai, petrol costs Rs 106.31 per litre and diesel is at Rs 94.27 per litre. The petrol rate and diesel price in Delhi…
Investors are eyeing everything from the U.S. healthcare sector to UK stocks and gold as potential havens during a recession, as worries grow that the Federal Reserve’s interest rate increases will bring on an economic downturn next year. Gloomy year-ahead forecasts from Wall Street banks have piled up in the…
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate was positive on Thursday as a result of positive global trends, while silver rate was up 1.85%. On Multi Commodity Exchange, gold February futures were trading at Rs 53,315 per 10 grams, up Rs 384 or 0.73%. Silver December…
The quantum of gold smuggling went up during the period in which economic activities were gradually unlocked after Covid, said the Smuggling in India Report 2021-22, referring to the high number of seizures by the Directorate of Revenue Intelligence. In all there were 160 cases of seizure of gold by…
Capital markets regulator Sebi on Friday came out with a uniform format for reporting over-the-counter (OTC) trades in listed non-convertible securities. The development comes after Sebi observed that information on OTC trades in listed non-convertible securities provided to the stock exchanges by the investors is incomplete and inaccurate. “In order…
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The rate of diesel and petrol have not been changed on 5 December 2022 and costs have been steady for about six months now. In Mumbai, petrol costs Rs 106.31 per litre and diesel is at Rs 94.27 per…