: National benchmarks fluctuated between gains and losses in the volatile session on Friday. Meanwhile, Finance Minister Nirmala Sitharaman presented in the Lok Sabha. The S&P BSE Sensex was trading around 46,920 levels. The index reached an intraday high and low of 47,424 and 46,564, respectively. The broader Nifty50 index …
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The Indian stock market benchmark indices Sensex and Nifty fared better, as promising results from Oxford’s covid vaccine trials boosted confidence. IndusInd Bank rose 4.8% after an RBI panel recommended far-reaching changes in the Indian banking industry, including setting a higher limit on the size of promoters’ holdings. The Nifty …
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Shares of financial companies, including banks, non-bank financial companies (NBFCs) and microfinance institutions (MFIs), were in the spotlight amid a rally of up to 20% in BSE in the morning trade of Monday as the Reserve Bank of India (RBI). The internal task force, which reviewed the ownership guidelines, proposed …
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Mumbai: Benchmark Sensex equity index fell more than 250 points in early trading on Friday, following losses in the HDFC twins of index heavyweights ICICI Bank and Kotak Bank amid weak signals from markets global. The market is pausing at these levels with a higher chance of profit booking, experts …
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Kotak Mahindra Bank maintained its conservative approach amid a pandemic, choosing to reduce its loan book to avoid risk in the September quarter. The private sector lender’s loan portfolio contracted a deeper 4% year-on-year in the September quarter, compared with a 1.9% drop in the June quarter. The downsizing pattern …
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Uday Kotak, promoter and managing director of Kotak Mahindra Bank is known for his conservative approach. Your bank’s performance metrics have reflected this approach over the years. Kotak Mahindra Bank has one of the lowest bad loan rates in the banking industry. Be it the financial crisis of 2008 or …
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IndusInd Bank shares rose more than 4% on Monday, as the private sector lender denied reports of a proposed merger. Kotak Mahindra Bank is exploring an acquisition of IndusInd Bank, in a move that would create the country’s eighth-largest financial firm by assets, the Bloomberg news agency reported Sunday, citing …
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Photo: Reuters 5 min read . Updated: October 26, 2020 11:22 am IST Devansh Sharma Benchmark Sensex equities fell more than 150 points in early trading on Monday, following losses in major indices Reliance Industries, ICICI Bank and Tata Steel amid negative signals from global markets. Welcome to the Mint …
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NEW DELHI Here is a list of the top ten stocks that may appear in the news on Monday: Dependency Industries: Amazon.com Inc. has obtained interim relief in a Singaporean arbitration court, stalling its partner Future Group’s plan to sell its retail and wholesale assets to a unit of rival …
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Kotak Mahindra’s promoters and their IndusInd Bank counterparts have entered into talks for the merger through a share swap, said one of the two people cited above, who requested anonymity as the talks are private. The two sides are certainly still in exploratory talks and no decision has been made. …
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