Stock market update: Private bank shares advance; HDFC Bank up 1%
The Nifty Private Bank index was trading 0.84 per cent up at 17108.1 .
Share market update: PSU bank shares jump; Canara Bank gains 2%
The Nifty PSU Bank index was trading 1.07 per cent up at 2395.9 .
Bank panels to monitor probe progress
Finance minister Nirmala Sitharaman sent a strong message to banks to lend without fear of the ‘three Cs’ at a meeting last month. The ‘three Cs’ refer to the CBI, Comptroller and Auditor General of India and the CVC. Sitharaman also assured bankers that a distinction would be made between genuine commercial failure and deliberate wrongdoing.
Banks approve reduced fees for UPI, RuPay
After a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactions, which would have meant significant revenue loss for its owner National Payments Corporation of India (NPCI), the two parties have reached an understanding for now.
Merged banks’ group covers to stay: Irdai
Iradi guidelines will benefit the policyholders of PSBs which will be affected due to the government's bank-merger program. Earlier, when the government merged Vijaya Bank with Bank of Baroda, the former bank customers lost the policy benefits.
Reliance Power drops 3% as YES Bank sells shares in bulk deal
The stock is one of the biggest wealth destroyers in the last one year, down 93 per cent.
Share market update: Bank shares gain; PNB rises over 1%
The Nifty Bank index was trading 0.74 per cent up at 30988.4 .
Buzzing stocks: Vodafone Idea, YES Bank, RIL, Bharti Airtel
Cummins India (Rs 187.18 crore) was leading the pack of most active stocks in value terms.
Share market update: Bank shares gain; Yes Bank rises 1%
The Nifty Bank index was trading 0.61 per cent up at 31026.75 .
Bid to boost farm credit: Regional Rural Banks may get fresh capital
Rs 10,000-15,000 crore may be provided to the banks over a span of five years.
Stock market update: Private bank shares advance; RBL Bank gains 1%
The Nifty Private Bank index was trading 0.44 per cent up at 17083.75 .
Share market update: PSU bank shares slip; J & K Bank down 2%
The Nifty PSU Bank index was trading 0.15 per cent down at 2387.65 .
Buzzing stocks: Vodafone Idea, YES Bank, ICICI Bank, HDFC Bank
ICICI Bank (Rs 578.38 crore) was leading the pack of most active stocks in value terms.
Board Meetings Today: Bajaj Finance, Tata Power, Ramco Cements, IDFC First Bank, Jubilant Foodworks
Aptech, Bajaj Finserv, Escorts and GCPL are some of the companies which will report their December quarter earnings today.
Stocks in the news: YES Bank, Bajaj Finance, ITI, TCS, DHFL and Tata Power
The RBI-appointed administrators of DHFL have invited bids from interested parties, which are keen to own the company’s assets.
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