How can you access the bank account of an incapacitated person?
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
The Sensex closed at 11,893.79 up 233 points. The Nifty gained 66 points to close at 3,455.
This comes at a time when competition has increased significantly.
Oil & gas, banking and pharma sector stocks stole the show
The markets opened the first trading day of 2007 on good note
Broader gains were capped as investors awaited corporate results from major firms
For many, he is the Dhirubhai Ambani of Kerala. For others, he is the most influential Indian in West Asia. M A Yusuff is back in the spotlight after the controversy surrounding the UAE's reported offer of a Rs 7 billion aid package for flood-hit Kerala.
The markets opened strong on account of buying seen in select index pivotals
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
In the broader market, the BSE Midcap index bucked the trend to gain 0.3%
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Fresh buying by domestic institutional investors and better-than-expected June quarter results from some blue-chip companies boosted investor sentiment
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
The apex court said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.
India is an under-penetrated ATM market with only 98 ATMs for every 10 lakh of population.
"There can be a situation where a person has lost his/her money for no fault," SC said.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Among Sensex constituents, Vedanta fell 3.40 per cent, followed by SBI 3.17 per cent, Yes Bank 3.11 per cent, Axis Bank 1.68 per cent, ONGC 1.60 per cent, Power Grid 1.52 per cent and HDFC 1.48 per cent.
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The penalty was levied in connection with deficiencies and lapses in the operation and maintenance of the currency chest at the Secunderabad branch of SBI, it said. Last month, the RBI had imposed a penalty of Rs 3 crore (Rs 30 million) on SBI for violating know your customer/anti-money laundering norms.
The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
RBI's foreign exchange reserves fell $237.5 million.
Mid-cap and small-cap stocks on the BSE were on the buyers' radar on Tuesday as investors booked profits in large-cap shares and the benchmark Sensex fell 264.57 points from a record close.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
Banking shares are down up to 11% after the Reserve Bank of India has increased the policy repo rate by 25 basis points from 7.25% to 7.5% with immediate effect.
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
All categories of NRI deposits saw net inflows in July.
Buyer actor-producer Sachiin Joshi, who owns Viiking Media, has reportedly bought the villa, spread over 12,350 sq ft or three acre at Candolim.
Banking services across the country were hit on Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
Mallya said he was being advised by lawyer Harish Salve.
It's been bright times for banking sector stocks, ever since the passage of the Securitisation Act in November 2002.
Vijay Mallya left India on March 2, presumably for London.
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