Following a disappointing performance in the June quarter (Q1FY25) for the banking space, Axis Securities has identified ICICI Bank, State Bank of India (SBI), and Federal Bank as its top picks in the sector. Meanwhile, among NBFC, it has chosen Cholamandalam Investment & Finance Company (CIFC) and Nippon Life India Asset Management on the back … Read more
Before opening a fixed deposit (FD) with a bank, depositors tend to compare the interest rates offered by a bank with those of other banks. Typically, banks offer higher rates of interest on long term deposits. This means longer the duration, higher the rate of interest. Conversely, shorter the duration, lower the rate of interest. … Read more
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over the … Read more
When people invest in a term deposit, they generally look for a bank that offers the highest rate of interest. The rule of thumb is that the longer the tenure of the deposit, the higher the interest rate. For instance, short-term bank FDs (up to six months) generally offer an interest rate between 3 and … Read more
Stock Market News: The domestic benchmark indices, Sensex and Nifty 50, finished Friday’s session on a bleak note since they were unable to recover their losses. In the last hour of trading, Nifty 50 managed to close above the dotted lines despite a lackluster day’s progress. Gains in energy stocks helped the Nifty 50 achieve a new … Read more
If you want to double your money in the next 7 to 10 few years, your first choice, arguably, would be to invest into equity. Conservative investors, meanwhile, tend to opt for fixed income instruments such as fixed deposits (FDs) partly for wealth creation and partly for keeping their money safe & secure. Those who … Read more
Certainty in the election outcome and renewed foreign investor inflows into Indian equities have pushed benchmark indices to new peaks for two consecutive sessions. However, the banking index has not mirrored this trend. Does the election impact the banking sector? If yes, would a likely third term for Modi benefit private banks or public sector … Read more
If you are planning to buy a house and looking for a home loan for the same, you would ideally be looking not only for a bank that can give you money as early as possible but also the one that charges a low rate of interest. After all, the marginal difference in the interest … Read more
The BSE Sensex, comprising 30 shares, concluded the session with a gain of 599.34 points or 0.83%, reaching the level of 73,088.33. Similarly, the Nifty 50 achieved a closing level of 22,147.00, up by 151.15 points or 0.69%. However, the broader market lagged behind the benchmark indices, with the Nifty Small Cap 100 edging up … Read more
The combined market valuation of seven out of the ten most valued companies surged by ₹59,404.85 crore during the holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers, PTI reported. In the ranking of top-10 firms, Reliance Industries (RIL) maintained its position as the most valued company, followed by Tata … Read more