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5 mins read
SBI’s core business stays strong despite one-time hit on account of higher wage costs in Q3
India’s largest bank SBI saw its third quarter profits slip by 35.5% as it took a ₹7,100 exceptiona…
2 mins read
India’s biggest lender appoints Alok Kumar Choudhary as new MD soon after top brass rejig
Seasoned banker Alok Kumar Choudhary was appointed as the managing director of India’s largest publ…
2 mins read
Mobikwik replans market debut with plans of raising ₹700 crore
Fintech One Mobikwik Systems has filed a Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹70…
3 mins read
RBI crackdown on personal loans – Bajaj Finance, IIFL, Aditya Birla and SBI Cards to take a bigger hit, say analysts
Reserve Bank of India’s crackdown on personal loan disbursals by banks and non-banking finance comp…
2 mins read
Consumers in retail verticals may front load their purchases in niche areas due to rate hikes: SBI Research
Personal loans segment continued to perform well, registering an acceleration in growth to 14.7 per…
3 mins read
IRM Energy IPO subscribed 75% on day 1 with good retail interest
The initial public offer (IPO) of city gas distribution company IRM Energy was subscribed 75% by th…
3 mins read
India Shelter Finance IPO subscribed 1.48x times on day 1 Q
Affordable housing company India Shelter Finance Corporation’s IPO was subscribed to 1.48 times the…
3 mins read
Foreign investors continue to bet big on banks and nibbling on small and mid cap stocks
The shareholding pattern of NSE500 stocks has witnessed significant changes in recent months, with …
4 mins read
Stock picks for 2023: L&T, SBI, Axis Bank among top brokerage picks for the new year
The year 2022 has been an eventful one, with multiple headwinds in the form of rising geopolitical …
1 min read
SBI waives processing fee for car, gold and personal loans availed using YONO
To enlarge retail loans and online business, lendin g major SBI on Monday announced a 100 per cent …
8 mins read
India Inc.’s rockstars of Q2 and things that investors should look out for, according to analysts
Banking, financial services and insurance (BFSI), automakers, chemicals, aviation, retailing and ch…
2 mins read
Applying for an IPO? Here is how you can increase your allotment chances
It is the season of initial public offerings or IPOs. The allocation of shares in an Initial Publ…
3 mins read
Banks to reap rewards of interest rate hikes in Q2 earnings
The Indian banking sector is expected to report strong growth in net interest income, margins and l…
3 mins read
SBI piles on profit and provision with cash from selling stake in insurance business— bad loans drop
India’s largest lender, the State Bank of India (SBI) continues to soar through the green with a 81…
4 mins read
Rally in banking stocks continues as credit growth picks up & margins get a boost
Indian banking stocks have been rallying since the last couple of weeks on the back of an uptick in…
3 mins read
Utkarsh Small Finance Bank IPO subscribed 101x as QIBs make a beeline for it
Utkarsh Small Finance Bank’s ₹500 crore IPO was subscribed 4.7 times over on the first day of the i…
3 mins read
Top stock movers — Wipro, Future Retail, SBI Cards, NTPC, Adani Green and others
Indian stock market indices Sensex and Nifty opened on a tepid note on Wednesday, tracking losses i…
2 mins read
Top stocks to watch — SBI, HDFC Bank, Wipro, RIL, Future Retail, TCS, Jindal Stainless, UPL, IRCTC, and others
Indian stock-market indices are likely to begin on a tepid note on Wednesday, led by mixed cues fro…
3 mins read
Diwali week cash circulation declines for the first time in 20 years: SBI Ecowrap
For the first time since 2002 – that’s 20 years – currency in circulation has declined during…
3 mins read
SBI announces new vertical to focus on rural and semi urban areas
The thrust is also to improve service quality and availability of banking services through the…