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BusinessToday.In
June 3, 2020
Following the lending rate cut, stock price of ICICI Bank opened with a gain of 2.24% today and later touched an intraday high of Rs 366.05, gaining 5.04% on BSE against the closing value of Rs 348.50


Chitranjan Kumar
New Delhi, June 2, 2020
Moody's has downgraded the long-term local and foreign currency deposit ratings of State Bank of India and HDFC Bank to Baa3 from Baa2, and the long-term issuer rating of EXIM India to Baa3 from Baa2


Aprajita Sharma
June 2, 2020
Coronavirus crisis: As many as 90 per cent respondents are concerned about their savings and financial future, and nearly 72 per cent said they would opt for a personal loan in the immediate future to meet high-priority expenses


BusinessToday.In
June 2, 2020
The price band for Kotak Mahindra Bank's share sale has been fixed at Rs 1,215 to Rs 1,240 a piece. The sale would fetch Rs 6,804 crore at the lower end of the price band and Rs 6,944 crore at the upper-end


Aprajita Sharma
New Delhi, June 1, 2020
With over 190,000 confirmed cases as on May 31, India has the world's 7th highest number of recorded coronavirus infections. However, more than 48 per cent infected people have recovered fully with death rate of less than 3 per cent among confirmed COVID-19 cases


Prasanna Mohanty
June 1, 2020
RBI data shows excess liquidity is lying idle, parked in its own reverse repo account, and burdening it with higher interest payouts. This could be tapped and channelised for additional fiscal spending to stimulate growth through government bonds


BusinessToday.In
New Delhi, June 1, 2020
The one-year MCLR, to which a majority of loans such as residential mortgages and auto loans are tied now stands at 7.70 per cent


Anand Adhikari
June 1, 2020
The six-month moratorium on loans where the 25-30 per cent of the loan book is locked, has created new cash flow challenges


PTI
New Delhi, May 31, 2020
According to a report, the promoters are mulling to offload their shares after the close of the QIP. The Kotak family would sell up to 5.7 crore shares, which will fetch around Rs 6,600 crore at current prices


PTI
May 31, 2020
The sources said, the government will have to cut down its expected realisation from stake dilution of both LIC and IDBI Bank even if the market condition improves


BusinessToday.In
May 30, 2020
The announcement comes after the Reserve Bank of India extended moratorium on equated monthly instalments (EMIs) of loans by three months till August 31, 2020


BusinessToday.In
New Delhi, May 30, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Anand Adhikari
May 29, 2020
This is despite the borrowers opting for loan moratorium, which ideally increases the outstanding loan book because the deferred interest and principal get added to the loan amount


BusinessToday.In
New Delhi, May 29, 2020
Lockdown that began in last seven days of March is expected to have taken a toll on economic growth; economy is likely to have entered a recessionary phase with some agencies even estimating a contraction of over 5 per cent in FY21


Reuters
May 29, 2020
Prime Minister Narendra Modi has maintained the lockdown ordered on March 25 to curb the spread of Covid-19 in the world's second most populous country, though many restrictions were eased for manufacturing, transport and other services from May 18


BusinessToday.In
May 29, 2020
Stocks to watch today on May 29: Jubilant Sciences, TVS Motors, Vodafone Idea, RIL, Yes Bank, Heidelberg, CEAT among others are the top stocks to watch out for in Friday's trading session


Chitranjan Kumar
New Delhi, May 28, 2020
For the fourth quarter ended March 31, 2020, Federal Bank reported a net profit of Rs 301.23 crore compared to Rs 381.51 crore in the year-ago period, registering a year-on-year decline of 21.04 per cent


Aseem Thapliyal
May 29, 2020
It seems investors are sitting on boundaries in a wait-and-watch mode and traders are reaping gains from the volatility cycle in which the benchmark indices are stuck.


BusinessToday.In
New Delhi, May 28, 2020
At least seven deaths on-board migrant special trains were reported on Wednesday, officials said, putting the Railways in the dock over its handling of these non-AC trains. The national transporter said most of the deceased had pre-existing health conditions; The Centre may ask states and union territories to take a call on future curbs on their respective jurisdictions after lockdown 4.0 ends on May 31; In a much needed respite to borrowers hit by coronavirus crisis, State Bank of India, the country's largest lender, has extended the moratorium on term loan EMIs by another three months, in line with Reserve Bank of India's (RBI) recent announcement. Watch this and more on News Blast.Also Read: Lockdown 5.0 guidelines: Select cities may have restrictions; is yours on the list?


BusinessToday.In
New Delhi, May 28, 2020
This is the first-ever issuance of debentures by Baba Ramdev-led Patanjali Ayurved which intended to use fund to meet its working capital requirements and strengthen the supply chain network


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