ADIA INVESTMENT IDFC BANK
Stock market update: Nifty Bank index advances 0.36%
The Nifty Bank index closed 0.36 per cent up at 55075.1.
Stock market update: Nifty Bank index advances 0.36%
The Nifty Bank index closed 0.36 per cent up at 55075.1.
Gold to remain a long-term strategic asset amid geopolitical shifts: Manishi Raychaudhuri
Manishi Raychaudhuri favors private sector banks due to potential consumption and investment rebound, alongside consumer discretionary stocks benefiting from tax cuts. Industrials, boosted by infrastructure spending and defense equipment manufacturing, are also promising. While cautious about generics, he sees potential in domestic healthcare, particularly hospitals and diagnostics, driven by increasing urban affluence.
Stock market update: Nifty Bank index advances 0.63% in an upbeat market
The Nifty Bank index was trading 0.63 per cent up at 55225.75.
Stock market update: Nifty Bank index advances 0.76% in an upbeat market
The Nifty Bank index was trading 0.76 per cent up at 55292.8.
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Best banking & PSU mutual funds to invest in May 2025
If you are investing for three years and aware of the risks associated with these schemes, you can consider investing in Banking & PSU schemes.
Stock market update: Nifty Bank index falls 0.98%
The Nifty Bank index closed 0.98 per cent down at 54877.35.
How an IIT-trained hacker ran a Rs 5 crore WhatsApp scam with help from a Chinese handler
Delhi Police busted a cybercrime ring with links to Cambodia and Chinese handlers, arresting five individuals, including an IIT-certified ethical hacker. The group allegedly ran a fake investment scheme, defrauding victims of over Rs 5 crore. The investigation revealed international connections and a complex money laundering operation involving fake companies and cryptocurrency.
Stock market update: Nifty Bank index falls 0.47% in a weak market
The Nifty Bank index was trading 0.47 per cent down at 55162.8.
Stock market update: Nifty Bank index falls 0.3% in a weak market
The Nifty Bank index was trading 0.3 per cent down at 55256.0.
RBI moots 15% cap on banks, NBFCs' investments in AIFs
The Reserve Bank of India has proposed new guidelines capping regulated entities' (RE) investments in Alternative Investment Funds (AIFs) at 15% of total lender investment. While unrestricted investments up to 5% of an AIF's corpus are permitted, exceeding this limit and having downstream debt exposure triggers a 100% provisioning requirement.
IDFC Bank investors reject resolution of Warburg affiliate
IDFC First Bank's shareholders have rejected a special resolution to appoint a nominee director from Warburg Pincus due to concerns over the absence of a minimum shareholding threshold. Despite this, Warburg Pincus and ADIA are still set to infuse ₹7,500 crore into the bank through a preferential equity issue.
RBI proposes relaxing rules for investments in AIFs
The Reserve Bank of India has proposed relaxing norms for investments in alternate investment firms by regulated entities (REs) in the aftermath of its earlier tightening bringing in financial discipline, it said in a release on Monday.
RBI proposes relaxing rules for investments in AIFs
The Reserve Bank of India (RBI) is considering easing investment norms for regulated entities (REs) in alternative investment funds (AIFs), following earlier restrictions aimed at financial discipline. A draft proposal suggests capping a single RE's contribution to an AIF scheme at 10% of its corpus, with a 15% ceiling for all RE investments in a scheme.
Stock market update: Nifty Bank index advances 0.12%
The Nifty Bank index closed 0.12 per cent up at 55420.7.
IDFC First Bank shareholders reject resolution to allow board seat to Warburg Pincus arm
IDFC First Bank's shareholders have rejected a proposal that would have allowed Warburg Pincus' arm, Currant Sea Investments BV, to nominate a non-executive director on the bank's board, failing to secure the required 75% majority. While institutional investors largely opposed the resolution, retail investors overwhelmingly supported it.
IDFC First Bank shareholders reject resolution to allow board seat to Warburg Pincus arm
IDFC First Bank's shareholders have rejected a proposal that would have allowed Warburg Pincus' arm, Currant Sea Investments BV, to nominate a non-executive director on the bank's board, failing to secure the required 75% majority. While institutional investors largely opposed the resolution, retail investors overwhelmingly supported it.
India’s March quarter GDP growth pegged at 6.8%: ET Poll
Economists predict India's Q4 FY25 GDP growth at 6.8%, fueled by strong agricultural output and rural demand, although slightly below RBI's forecast. Inventory stocking ahead of potential US tariffs also contributed. While rural consumption recovers, urban demand remains tepid due to slow wage growth and reduced savings, hindering a full-blown economic recovery.
EIB at work on AI, semiconductor investment plan to boost EU competitiveness
The blueprint is part of the European Union's efforts to increase its competitiveness against China, the United States and other major economies.
RBI FY25 payout to govt may jump 50 per cent
The relevant committee had recommended risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 6.5-5.5% of the RBI's balance sheet. Besides, the payout also depends on the income the central bank earns from various domestic sources.
Stock market update: Nifty Bank index flat 0.0%
The Nifty Bank index closed 0.0 per cent at 55354.9.
Stock market update: Nifty Bank index falls 0.13% in a weak market
The Nifty Bank index was trading 0.13 per cent down at 55282.95.
Stock market update: Nifty Bank index falls 0.25%
The Nifty Bank index closed 0.25 per cent down at 54801.3.
SCSS vs Senior Citizen Bank FDs: Which offers the highest interest rate?
The government-backed Senior Citizen Savings Scheme (SCSS) and bank-offered Senior Citizen Fixed Deposits are two popular investment options for senior citizens to plan a steady income and the safety of capital.
Currency in circulation grows 2.4% on year till May 2, shows RBI data
Despite the rise of digital payments, currency in circulation in India has increased, driven by strong rural demand and agricultural output. Total currency in circulation reached Rs 38.1 lakh crore in early May, reflecting a significant portion of GDP.
Stock market update: Nifty Bank index advances 3.34%
The Nifty Bank index closed 3.34 per cent up at 55382.85.
Japan's SMBC gets Yes from SBI with a $1.6 bn handshake
Sumitomo Mitsui Banking Corporation of Japan has signed a deal to buy a 20% stake in Yes Bank. The deal is worth ₹13,483 crore. State Bank of India and seven private banks are selling their shares. The transaction awaits regulatory approvals. This investment marks a significant step for Yes Bank's growth.
RBI bumper Rs 3.5 trillion payout to help offset weak revenues, analysts say
Reserve Bank of India may give a record dividend to the government. This could offset tax revenue shortfalls due to slow growth. Economists predict a payout between 3 to 3.5 trillion rupees. The windfall will help bridge the gap in tax collections. Government can use this to increase spending on social welfare.
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