These are untied loans, meaning SBI has freedom to use this money to lend. They also do not come with any conditions attached for lending to specific projects or programmes.
Nifty could fall to 9,500 levels; not a good time to bottom fish, say experts
The 12-year loan will part finance the proposed expansion of RIL's petrochemical plants and setting up of new gasification unit and refinery off-gas cracker over the next 2-3 years.
The gains will be gradual as the measure will be executed over 12 months or so.
The markets will be eyeing the amendments.
Twelve of the 21 economists polled doubted whether the government could roll out the tax before the next fiscal year begins in April.
'After multiple days of losses, any relief rally is welcome. However, the trend hasn't changed.'
Investors' confidence has been revived in recent weeks on the likelihood the elections will usher in a new government.
Overnight, the Wall Street closed on a flatter note.
Between now and the general elections (likely in May 2019) there are 12 assembly polls, which analysts say, in a way will also be interpreted as a referendum on the Modi-led government's key reforms
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
The move will have cascading effects for lot of related sectors
Liquidity pushed benchmark indices 22% higher to become the best performing equity market globally
Markets end in red; bluechips struggle to keep pace.
Historically, overall credit has grown at 1.6 times GDP growth
The RBI is expected to cut rates in next policy.
Analysts say markets to be impacted by monsoon, inflation trajectory.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
Demonetisation, Donald Trump's surprise victory in the US presidential elections, and the fear that US Fed may hike rates in the upcoming policy review in December have dented market sentiments, report Puneet Wadhwa & Deepak Korgaonkar.
After a volatile session, Sensex closed the day 563 points lower
India put up a dull performance among emerging economies this year.
Market breadth is positive with 942 advances and 196 declines.
Chances of a sudden collapse in the Shanghai Composite are remote.
Given the developments, analysts do not foresee a quick recovery.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
BSE Bankex and Telecom indices led the fall.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
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