Tag Archives: Business news

Mumbai: Ahead of a likely rate cut by RBI, even as liquidity remains scarce, veteran banker Uday Kotak has raised concerns over the banking business model, highlighting the narrowing spread between deposit and lending rates.Kotak said top banks are raising one-year wholesale deposits at around 8%, which translates to a marginal deposit cost of over 9% after factoring in CRR, …

New Delhi: The output of eight key infrastructure sectors slowed down to a five-month low of 2.9% in Feb as against 7.1% growth registered a year ago, according to official data released on Friday. On monthly basis, the production growth of the core sectors was lower than 5.1% expansion recorded in Jan.The previous low level of growth at 2.4% was …

Mumbai: The Reserve Bank of India (RBI) Friday raised by ₹2 the ceiling on the fee lenders can charge customers for ATM cash withdrawals to Rs 23. This maximum fee is applicable from May 1.“Beyond the free transactions, a customer may be charged a maximum fee of Rs 23 per transaction,” the RBI said late Friday. Applicable taxes will also …

Mumbai: India’s current account deficit (CAD) slightly widened to $11.5 billion, or 1.1% of GDP, in Q3 FY2025 from $10.4 billion (1.1% of GDP) a year earlier. However, it moderated from $16.7 billion, or 1.8% of GDP, in Q2 FY2025. The merchandise trade deficit rose to $79.2 billion in Q3 FY2025 from $71.6 billion in the same quarter last year.According …

Mumbai: For investors on Dalal Street, financial year 2025 was a tale of two halves.During the first half, till Sept, the sensex and Nifty were sprinting away and it looked difficult to stop them. But the sudden end to the rally began in Oct, as foreign funds started pulling out money from Indian stocks, acting almost in unison. As they …

New Delhi: Abound, the financial super-app designed for Indians in the US, has raised $14 million in seed funding to accelerate its goal of creating a seamless financial bridge between the non-resident Indians (NRIs) and India.Led by NEAR Foundation, with participation from Circle Ventures, Times Internet and others, this round marks Abound’s first external investment since its incubation at Times …

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Mumbai: Banks lent an additional Rs 15.3 lakh crore in the first 11 months of the financial year, expanding their loan book by 9.3% to Rs 175.56 lakh crore. Industry’s share of this new lending shrank to 14.5%, while home loans rose to nearly 17%.Within the total incremental non-food credit of Rs 15.33 lakh crore, personal loans accounted for the …

Market experts anticipate a period of consolidation with an optimistic outlook. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened flat in trade on Friday. While BSE Sensex was near 77,550, Nifty50 was around 23,580 levels. At 9:16 AM, BSE Sensex was trading at 77,546.80, down 60 points or 0.077%. Nifty50 was at 23,584.95, down …

Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, Larsen and Toubro and Indian Energy Exchange are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for March 28, 2025:Index View: NIFTYNifty after a strong rally of 1900 points in just 15 sessions has entered a …