The Nifty PSU Bank pared losses to end flat after falling as much as 1.05%
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
Bond issuances dipped 31.4% during January-June
British banking major HSBC on Thursday announced a consolidation exercise under which it will almost halve the number of branches in the country to 26, which will lead to 300 job losses.
The CBI also told the court that it has sought Interpol's help in seeking access to overseas bank accounts of the Mukerjeas
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
The government's fiscal deficit may exceed the target of 4.8 per cent of GDP by 0.50 percentage points in this financial year, and money-guzzling measures like decision to push the Food Security Bill are only expected to complicate the matter.
CPI inflation could fall marginally but stay above RBI's comfort level.
While headline and core WPI are stuck in a disinflationary phase, the retail measure is inching north.
The combined 10 Asian currencies have appreciated by 6.6%.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
RBI's tricky strategy to ease market's pre-Fed jitters.
As with TCS, most companies put their money in mutual funds, corporate bonds and bank deposits, which are losing their appeal versus government bonds in terms of both returns and safety.
UBS India, the domestic franchise of Swiss banking major UBS Group which last month surrendered its banking licence, has started laying off around 50 people, who are affected by the decision.
New Delhi has missed its target for partial privatisations for the past five years
Lower gold imports and higher overall exports to help narrow the gap.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
The parlous state of Asia's third largest economy was reflected in the rupee's 18 per cent plunge against the dollar to all time lows since May, when signals emerged that the US Federal Reserve was considering winding down an easy money strategy that had benefitted emerging markets like India.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
'Our target is to award Rs 25 lakh crore worth of projects that would result in creating 25 million jobs'
The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
Gamification has the potential to trigger immediate positive responses to learning that an organisation wishes to impart.
New offerings by banks are changing the way you transact.
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