The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
In all, 292 allegedly fraudulent LoUs and 224 foreign letters of credit were generated and money sanctioned to Nirav Modi's companies since 2011
Move to hasten rollout and, if successful, set a precedent for new banking firms.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
SBI remains a favourite of most brokerages in the PSB segment.
The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has hurt investor sentiment.
As per the norms, sanction for prosecution has to be decided within four months time of the CBI seeking such a permission.
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day.
Digital payments and financial services firm Paytm is likely to allocate shares at the upper price band of Rs 2,150 apiece on November 16 after market regulator SEBI's approval which is expected to come on Monday, sources aware of the development said. Earlier the allocation was expected to take place on Monday and the Paytm Money app also displayed the same.
Banks have issues with their balance sheet profiles, say PSB executives.
Financial services firm AnandRathi analysed the key points of the policy soon after it was announced.
'Start-ups that generate a majority of their income in India are likely to opt for an Indian listing.'
Soon after unveiling of the Reserve Bank's mid-quarter policy review, country's largest lender State Bank of India on Friday said lending and deposit rates will go up in view of the festive season demand.
Interest rate and tenure are not the only two factors to consider.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Ratnagiri Gas & Power Pvt Ltd, in charge of Dabhol assets since 2005, has admitted it is passing through a difficult phase in the absence of gas allocation and low recovery of dues from the Maharashtra State Electricity Distribution Company.
Analysts expect banks with a strong deposit franchise to benefit from SBI's rate cut as they too are likely to follow the leader.
Cases across the country against defaulters who owe over Rs 1 crore each, reveal CIBIL data.
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.5% and 0.6%.
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The global brokerage firm in March had trimmed the growth forecast to 6 per cent and in June again it revised the growth estimate to 5.8 per cent.
The Budget will obviously be crucial. But US President Donald Trump may have even more of an influence than Finance Minister Arun Jaitley when it comes to sentiment, argues Devangshu Datta.
Under the Goods and Services Tax, effective midnight of June 30, most of the financial services would attract a higher tax of 18 per cent as against 15 per cent as of now.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
Analysts attribute the surge to a host of factors, particularly the interest shown by the retail investors in these two market segments.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
21 banks have launched United Payments Interface application.
116 doctors treating COVID patients in Bihar have succumbed to the disease. The family of only one doctor has received compensation.
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2014 made a lot of promises; can the new year deliver?
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Even under the RTI response, all public sectors banks have washed their hands of any responsibility.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nifty PSU bank index dropped nearly 2%
Broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.8%-1%.
Financial shares were the top losers.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The government has also allowed individuals from the private sector to apply for the post
