Diversified non-bank lender Bajaj Finance Tuesday said it has received regulatory approvals to set up a housing finance company.
National Commodity & Derivatives Exchange Ltd (NCDEX) Tuesday announced its tie-up with Kotak Mahindra Bank to provide financing to the depositors of goods in warehouses approved by the exchange.
Country's third largest private lender Axis Bank Tuesday introduced a new slab for its home loan borrowers with offers starting at 9.60 percent onward.
After its larger rival State Bank of India, country's largest private sector lender ICICI Bank has also increased its spreads on home loan rates and not passed on entire benefit of base rate cuts to new borrowers.
The domestic currency hovered in a range of 65.24 and 65.44 per dollar during the day.
Since January 2015, the RBI has cut policy rates by a cumulative 125 basis points (bps), while banks have cut one-year deposit rates by an average 130 bps and lending by 50 bps, which includes the base rate cuts in the last one week.
With this, the BSE barometer has gathered 1,316.04 points in five sessions and stands at a fresh one and a half months high of 26,932.88, a level last seen on August 21.
Among Sensex companies, banks like HDFC Bank, SBI, Axis Bank are expected to lead the earnings growth.
IOB's gross non-performing assets rose to 8.30 percent at the end of March 31, from 4.84 percent a year ago, according to the provisional RBI data taking into account domestic operations of banks.
Infibeam, the first e-commerce firm in India to tap stock market for funds has received Sebi approval for Rs 450 crore IPO
All sectoral indices led by consumer durables, healthcare and oil & gas were trading in the positive zone with gains of up to 1.06 per cent.
The rupee strengthened by four paise to 65.25 against the dollar in early trade on Tuesday on sustained selling of the US currency by exporters and banks amid firm equity markets.
Conmen have duped private sector Kotak Mahindra Bank (KMB) of Rs 2.84 crore using credit cards that the bank had never issued, a daily newspaper report has said.
Finance Minister Arun Jaitley on Monday said the problem of domestic black money can be addressed by rationalising taxes and bringing more people under the banking net besides some other measures.
Close on the heels of his biggest ever rate cut in India, RBI Governor Raghuram Rajan Monday warned central bankers across the world against competitive monetary easing and pitched for a collective action.
Country's largest mortgage lender HDFC and four other lenders, including Canara Bank and StanChart, cut their base rates by up to 0.25 percent, a move that will make home, auto and other loans cheaper.
Shares of Tata Motors rallied over 6 percent, adding Rs 4,857 crore to its market valuation Monday, on smart sales data for September and reports that Jaguar Land Rover US sales soared.
HDFC, country's largest mortgage lender, Monday cut benchmark lending rate on housing loans by 0.25 percent to 9.65 percent, a move which will lower the EMI for borrowers.
Finance Ministry Monday said it expects newly-created business structures REITs to start functioning shortly, a move which will give a boost to the realty sector.
India Ratings Monday said the rupee has outperformed most of its peers in the emerging economies and the trend is likely to continue as the chances of US Fed raising interest rate in December are bleak.
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