The recent run of qualified institutional placements by public sector banks serves little purpose from an investors’ point of view other than to help the government tick off a regulatory compliance target.
Nearly half (48 per cent) of banking, financial services and insurance (BFSI) companies flagged data security as their top concern for AI implementation, a survey conducted by global data solutions provider Hitachi’s subsidiary Hitachi Vantara found.
Bank holiday todaym March 29: Bank holiday on Saturday is designated as a holiday under the Negotiable Instruments Act. This bank holiday regulates the issuing of cheques and promissory notes.
No income tax: Incomes arising out of non-resident’s income on Over-the-Counter (OTC) derivatives will be fully exempt from Income Tax under Section 10 (4E) provided they are routed through overseas banking units or FPIs. Yeeshu Sehgal says: “It means Non-re…
Anand Rathi’s banking portfolio favors ICICI Bank, Axis Bank, and SBI, expecting up to 21% returns. Regulatory easing, liquidity boost, and government capex are key drivers for credit growth and sector resilience, positioning these banks for strong performanc…
ICICI Bank Limited (NYSE:IBN – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.69 and traded as high as $31.74. ICICI Bank shares last traded at $31.38, with a v…
India’s foreign exchange reserves rose by $4.53 billion in the week ending March 21, reaching $658.8 billion. The Reserve Bank of India bought dollars regularly as the rupee appreciated. The reserves had peaked at $705 billion in September. However, valuation…
AU Small Finance Bank has secured ₹770 crore by selling tier-II bonds at a 9.20% annual coupon rate. The significant investors include HDFC Bank and Nippon India Mutual Fund. The raised funds will boost the bank’s capital adequacy ratio by 1%, enhancing its c…
Life Insurance Corporation of India has become the top investor in the share sales of UCO Bank, Central Bank of India, Indian Overseas Bank, and Punjab & Sind Bank. These banks collectively raised ₹6,155 crore. Other investors include SBI Life Insurance, ICIC…
No income tax: Incomes arising out of non-resident’s income on Over-the-Counter (OTC) derivatives will be fully exempt from Income Tax under Section 10 (4E) provided they are routed through overseas banking units or FPIs. Yeeshu Sehgal says: “It means Non-re…