On Friday, the State Bank of India announced that during the current fiscal year, it plans to raise up to Rs 50,000 crore through loan instruments from both domestic and international markets. The bank’s central board made this decision, according to a filing with the stock exchange by the biggest lender in the nation. The…
Lending margins, a crucial indicator of Indian banks’ profitability, are expected to rise as a result of the country’s plan to eliminate its highest-value currency note, which will increase bank deposits. According to a letter from Axis Mutual Fund, the Reserve Bank of India’s decision to discontinue the 2,000 rupees ($24) notes will increase bank…
Indices trade higher on elegant banking and metal stocks.The BSE Sensex is currently trading at 48,825.43, up 106.91 points, or 0.22%. The Nifty 50 is currently trading at 14,673.25, up 39.10 points or 0.27%. The Nifty Bank was up 1.35% at 32,903.80 and the Mid Cap Index was up 1.77%. SBI Life, UPL, Bajaj Accounting,…
