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Sensex ends 126 pts down on global weakness
Weakness in Asian and European markets amid worries that the Chinese government may not come out with a big stimulus to boost its economy and on concerns about the financial crisis in the eurozone cast its shadow on the Indian bourses and dragged down stock prices on Wednesday. There were a couple of rallies from lower levels, but stocks failed to garner enough support to wriggle out of the red. Besides
Weakness in Asian and European markets amid worries that the Chinese government may not come out with a big stimulus to boost its economy and on concerns about the financial crisis in the eurozone cast its shadow on the Indian bourses and dragged down stock prices on Wednesday. There were a couple of rallies from lower levels, but stocks failed to garner enough support to wriggle out of the red. Besides
Banks' net interest margins to remain under pressure
A rise in cost of deposits has resulted in a significant drop in net interest margin (NIMs) of banks in consecutive quarters. They expect NIMs to fall in the current financial year, too.
A rise in cost of deposits has resulted in a significant drop in net interest margin (NIMs) of banks in consecutive quarters. They expect NIMs to fall in the current financial year, too.
Sensex, Nifty hold gains as buying continues
The market, which opened on a bright note this morning, remains firmly placed in positive territory with notable gains now thanks to sustained buying in several blue chip stocks from across various
The market, which opened on a bright note this morning, remains firmly placed in positive territory with notable gains now thanks to sustained buying in several blue chip stocks from across various
Cut in base rate better than spread reduction
Since the beginning of this year, banks have been lowering interest rates for home loan borrowers. Union Bank of India (UBI) set the mood for a rate cut in January with a 10-basis-point (bp) reduction
Since the beginning of this year, banks have been lowering interest rates for home loan borrowers. Union Bank of India (UBI) set the mood for a rate cut in January with a 10-basis-point (bp) reduction
IDBI Federal Makes Online Debut with Termsurance Seniors Insurance Plan
IDBI Federal Life Insurance, a pioneer in product innovations in the life insurance sector in India, today announced the launch of its maiden, unique online product IDBI Federal Termsurance Seniors Insurance Plan that will be available for purchase online at www.idbifederal.com.
IDBI Federal Life Insurance, a pioneer in product innovations in the life insurance sector in India, today announced the launch of its maiden, unique online product IDBI Federal Termsurance Seniors Insurance Plan that will be available for purchase online at www.idbifederal.com.
Markets bank on SBI to bounce back from lows
Key equity index, the BSE Sensex, today staged a dramatic comeback after the country’s largest bank, State Bank of India (SBI), announced a jump of nearly 200 times in fourth-quarter net profit.
Key equity index, the BSE Sensex, today staged a dramatic comeback after the country’s largest bank, State Bank of India (SBI), announced a jump of nearly 200 times in fourth-quarter net profit.
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