SBI launches Global NRI Centre in Kochi
Kochi, Feb 16 :The State Bank of India, which has a strong NRI customer base of over 33 lakh, on Friday launched its Global NRI Centre (GNC) here. The GNC will be a one-stop customer service centre for all Non-Resident Indian (NRI) banking related services. To enhance the service experience of NRIs, the bank also […]
PNB fraud: Finmin asks banks to submit status report soon
February 14, 2018 Concerned over fraud of over Rs 11,300 crore at Punjab National Bank, the finance ministry has asked all banks to send reports involving this case or other such incidents latest by the end of this week. Earlier in the day, PNB disclosed some fraudulent transactions with financial implication of USD 1.77 billion […]
RBI Governor Says Stock Market Bubble Won’t Cause A Major Problem
10 February 2018 RBI Governor Urjit Patel today said the stock market bubble should not “lead to a very major problem” even has he stressed on the need for the regulators to be cognisant of the risks going forward. “There has already been a correction not only globally but in India and therefore in […]
RBI, SEBI need to take cognisance of market volatility: Urjit Patel
New Delhi, Feb 10 : Reserve Bank of India (RBI) Governor Urjit Patel on Saturday said the apex bank and the market regulator Securities and Exchange Board of India (SEBI) need to be cognisant of the equity market volatility for risk assessement. “In the last few days, there has already been a correction, not only […]
Gold plunges by Rs 600 to below Rs 31,000 level
Feb 8, 2018, Gold prices today tumbled by Rs 600 to hit almost three-week low of Rs 30,950 per 10 grams in the local market here today due to weak global advices. Fall in demand from local jewellers too kept pressure on the precious metal. Silver cracked below the Rs 39,000-mark by falling Rs 450 […]
Global mkt meltdown, LTCG bleed Sensex; down 561 points
February 06, 2018 The market continued to crumble during closing trade, as the indices saw a significant dip on Tuesday evening.The Sensex plunged by 561.22 points to 34,195.94, while Nifty saw a 168.30-point dip to 10,498.25. Shares of Lupin and Tata Motors incurred maxiumum losses among Nifty stocks, falling more than five percent. Meanwhile, market […]
RBI likely to hold interest rate at monetary policy review
Mumbai, Feb 5 : With the annual retail inflation rate breaching the five per cent mark in December and going over the RBI’s median level of four per cent, the central bank is widely expected of keep its key interest rate on hold for the fourth time in succession at its final bi-monthly monetary policy […]
Sensex crashes over 800 points; Nifty slips below 10,800
February 02, 2018 The post-budget sell-off dragged the Sensex down by a whopping 800 points while the broader Nifty cracked the 10,800-mark on all-round selling The long-term capital gains tax on equities and and 10 per cent tax on distributed income from equity-oriented mutual funds hit sentiments. Market mood suffered another setback after Fitch Ratings […]
J&K Bank Q3 net profit at Rs 72.47 cr
srinagar:-Jammu & Kashmir Bank on Wednesday reported a net profit of Rs 72.47 crore during third quarter ended December 31, 2017. The bank had reported a net loss of Rs 498.47 crore in the October-December quarter of 2016-17. A fall in bad loan proportion helped the bank report profit on its books. The gross non-performing […]
Sensex slides 69 points ahead of Budget; ends below 36,000
January 31, 2018 The BSE Sensex slipped 69 points to close below the key 36,000-mark on Wednesday following offloading of bets by retail investors and fresh capital outflows by foreign funds amid mixed global cues. Investors remained on the sidelines ahead of the Budget to be presented tomorrow. The 30-share index remained in the negative […]
