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Business  /  Published 23.07.20

Sensex ends 269 points higher

Equity benchmark Sensex jumped 269 points on Thursday, led by gains in index heavyweight Reliance Industries, ICICI Bank and Kotak Bank amid hopes of fresh government stimulus to support the economy. ...
By PTI in Mumbai

Business  /  Published 21.07.20

Banks: fall in fee income

Banks may be staring at falling fee-based income in the June quarter as the Covid-19 pandemic has affected new loan applications and the sale of third-party products. Fee income occupies a major chun...
By Our Special Correspondent in Mumbai

Business  /  Published 20.07.20

Sensex jumps over 200 points

Equity benchmarks Sensex and Nifty started on a positive note on Monday, driven by gains in financial and IT shares. The BSE Sensex jumped 238.75 points or 0.64 per cent to trade at 37,258.89; and th...
By PTI in Mumbai

Business  /  Published 20.07.20

HDFC: buzz on new chief

It may be a toss-up between Sashidhar Jagdishan and Kaizad M. Bharucha to fill in the boots of Aditya Puri at HDFC Bank if one were to go by the hints dropped by Puri about an insider assuming the man...
By Our Special Correspondent in Mumbai

Business  /  Published 19.07.20

HDFC Bank bad loan alert

HDFC Bank on Saturday missed analysts estimates when it reported a 19.58 per cent rise in net profit for the June quarter of 2020. The country’s largest private sector lender also warned of high...
By Our Special Correspondent in Mumbai

Business  /  Published 14.07.20

Sensex falls over 300 points

Equity benchmark Sensex dropped over 300 points in early trade on Tuesday, dragged by losses in financial stocks amid selloff in global markets. After touching a low of 36,339.07, the 30-share BSE Se...
By PTI in Mumbai

Business  /  Published 11.07.20

Questions arise over China exit from HDFC

The absence of People’s Bank of China (PBOC), from the list of shareholders at HDFC has raised questions on whether the Chinese central bank continues to be an investor in the country’s la...
By Our Special Correspondent in Mumbai

Business  /  Published 11.07.20

AT1 bonds stage a comeback after Yes Bank fiasco

The controversial Additional Tier-1 (AT1) bonds or perpetual bonds issued by banks that turned into a hot potato after March seem to be making a comeback as at least three banks have proposed to use t...
By Our Special Correspondent in Mumbai

Business  /  Published 08.07.20

HDFC Bank cuts marginal cost of funds-based lending rate

HDFC Bank on Tuesday joined the list of lenders to reduce their marginal cost of funds based lending rate (MCLR) in a move that will make loans cheaper to its customers. The bank went for the rate cu...
By Our Special Correspondent in Mumbai

Business  /  Published 07.07.20

HDFC Bank loan uptick fires stocks

Benchmark indices jumped to near four-month highs on Monday buoyed by HDFC Bank reporting strong growth in loans in the first quarter of the fiscal which rekindled hopes of a quick economic recovery. ...
By Our Special Correspondent in Mumbai


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