This marks the first-ever three way amalgamation in the country’s banking sector. The Cabinet Committee of Economic Affairs on Wednesday approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three -way merger in India’s banking sector, to create the country’s second largest public sector lender and third […]
Category: Business
December saw the weakest increase in input costs for nearly three years, giving factories room to cut their prices for the first time since July 2017. Manufacturing activity expanded at a slower pace in December as growth in new orders and output waned, despite factories cutting their prices, a private survey showed on Wednesday. The […]
The central bank said on Monday the proportion of commercial lenders’ non-performing assets may fall slightly to 10.3 per cent by March. Domestic shares began the year on a negative note on Tuesday as investors stayed away from making bets, with the corporate earnings season slated to begin next week. With trade optimism bringing some […]
Loan growth of 21% y-y in Q2FY19 driven by volumes; barring LAP segment, asset quality remains stable. CIBIL’s recent publication on consumer loans provides one of the best insights into the current state of the retail lending business. Key takeaways for Q2FY19: there is a solid growth momentum in the industry at this point that […]
Mumbai: Loss-making carrier Jet Airways is in discussions with the State Bank of India for raising Rs 1,500 crore short-term loan to meet its working capital requirement and some payment obligations, a source said. Jet Airways strategic partner and Middle-east carrier Etihad, which holds 24 per cent stake in the Indian full service carrier, is […]
Market expected to deliver 10-15% returns in CY19; valuations reasonable on a top-down basis but hide vast dispersion in multiples. We expect around 10-15% returns from the Indian market in CY2019 on the back of (i) strong earnings growth, (ii) possible modest de-rating of overall market multiples on global slowdown concerns and a potential de-rating […]
Now, use Truecaller like Spam protection features on Android Messages After rolling out ‘call screening’ to the Pixel flagships, Google is adding spam protection features to Android Messages. The capability, as the name suggests, is going to be a Truecaller-like protection feature, which would weed out unwanted messages from companies and other advertisers. However, as […]
For those are not aware, old debit and credit cards that don’t have a chip embedded in them will only be valid till December 31, 2018. The Reserve Bank Of India (RBI) has ordered the banks across the country to provide their existing, as well as new customers with new EMV (Europay, Mastercard, Visa) cards. […]
The account holders of State Bank of India (SBI) have three days before their magstripe debit and credit cards are permanently blocked. Following a mandate by the Reserve Bank of India (RBI) to phase out old magstripe cards, the biggest lender in India has asked its customers to upgrade to EMV chip cards by December […]
As we usher in 2019, it is time to to reflect on returns for 2018 and best investment options for 2019. Shares have ended the year with modest gains on the benchmark indices, but, have given sharply negative returns in the midcap and small cap space. Overall, it has been a year of negative returns […]