Retail loans grew at a healthy 17.7 percent in 2016, but there was an increase in dud loans in the segment which has become a focus area for the lenders amid difficulties to grow corporate books, says a report.
Sebi on Monday approved a new framework for consolidation and reissuance of debt securities as part of its efforts to deepen the corporate bond market.
Investors will be permitted to purchase mutual funds worth up to Rs 50,000 through digital wallets with the market regulator Sebi today approving the proposal.
The benchmark BSE Sensex closed up 0.63 percent at a record closing high of 30,133.35.
The benchmark BSE Sensex crossed 30,000-mark by climbing almost 100 points in early session on Wednesday as sentiments rose on the back of counting of votes showing BJP set for big win.
Exelon Infrastructure, its promoter, six directors and 16 other entities from the capital markets for up to 5 years for indulging in fraudulent trade practices have been banned by Sebi.
Mahindra and Mahindra Financial Services (Mahindra Finance) has reported a fall of 37 per cent in standalone net profit at Rs 234 crore for the last quarter ended March.
The government on Tuesday announced it was easing the process of registration of "retirement advisers", with the Pension Fund Regulatory and Development Authority (PFRDA).
Total market valuation of all companies listed on BSE touched a lifetime peak of over Rs 125 lakh crore on Tuesday helped by strong gains in broader market.
The rupee continued its firming trend to log a near 21-month high of 64.26, by surging 18 paise against the US currency on sustained dollar unwinding from exporters and corporates amid positive global cues.
Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs 1.26 lakh crore at the end of March, mainly due to cheaper valuations.
The Benchmark BSE Sensex zoomed over 287 points while the Nifty breached the 9,300-mark for the first time Tuesday on persistent buying.
Shares of Reliance Industries Ltd on Tuesday rose by 3.5 percent after the company reported a record fourth quarter net profit of Rs 8,046 crore.
The Nifty rose to its record high level of 9,279.80 before quoting at 9,260.35 at 1100 hrs, showing a gain of 42.40 points of 0.46 percent .
The NSE Nifty reclaimed the 9,200-mark by surging 98.55 points, or 1.08 percent, to close at 9,217.95 after moving in a range of 9,225.40 and 9,130.55.
India Post Payments Bank (IPPB) will start selling mutual funds and insurance products of other companies by early 2018 and is open only to "non- exclusive" tie-ups, its Chief Executive A P Singh has said.
Leading bourse NSE has decided to delist as many as 19 firms including Deccan Chronicle Holdings Ltd and Koutons Retail India Ltd from its platform from next month.
The finance ministry has initiated detailed discussions with select public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.
The rupee continued its dizzying downward spiral for the second-straight week and depreciated by a whopping 20 paise to end at 64.61 against the US currency.
Markets ended in red for the second straight week due to weakness due to persistent selling pressure in view of disappointing earnings results from companies amidst weakness in the global market, as investors maintained caution ahead of elections in France over the weekend and as geopolitical tensions notably those between the US and North Korea weighed on sentiment.