Banking/Finance
Falling NII hurts private banks' profit growth, public peers do better
Private sector banks experienced a decline in net profit for the second consecutive quarter due to dwindling net interest income, while public sector banks continued their double-digit growth. Overall net profit growth for the sampled banks slowed to a four-and-a-half-year low, reflecting a deceleration in net interest income, which saw its first drop in over five years.
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Insurance law changes set to benefit global parents of JVs
Exemption of GST from life and health insurance premium to make products affordable: Insurers
Insurance companies bear the burden of GST exemptions, have to reverse accumulated ITC
Mizuho’s India deal with Avendus is said to stall on valuation
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Banking
Falling NII hurts private banks' profit growth, public peers do better- Banks sense an opportunity in GST gain for retail, MSME
- PNB signs Rs 21,000 cr MoU with Rajasthan govt under Rising Rajasthan initiative
- Festive-season boost: Rate-cut transmission to get a push as banking gets Rs 62,000 cr
- Bankers say GST Council decision to boost consumption, credit growth
Finance
Chennai Angels explore investment opportunities at Sri City SEZ- L Catterton's India fund raises $200 million in first close
- Amazon completes Axio acquisition, secures access to direct lending business in India
- Mizuho’s India deal with Avendus is said to stall on valuation
- Promoter group firms infuse Rs 3,956 crore in Jio Financial
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BANKING/FINANCE STOCKS
NSEBSE
NSE
BSE
| Company Name | Latest | Change | %Change | Volume |
|---|---|---|---|---|
| HDFC Bank Ltd. | 966 | 2.61 | 0.27 | 11711290 |
| ICICI Bank Ltd. | 1402.7 | -0.1 | -0.01 | 5880943 |
| State Bank of India | 808.8 | 2.2 | 0.28 | 4614227 |
| Kotak Mahindra Bank Ltd. | 1950.1 | 4.6 | 0.24 | 2505558 |
| Axis Bank Ltd. | 1055.5 | -0.41 | -0.04 | 2260147 |
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