Existing and new customers will find it easier to manage or raise loans as banks start cutting rates.
Banks have not cut rates yet as March is typically a busy season.
Auto stocks are weighing on the indices.
SBI remains a favourite of most brokerages in the PSB segment.
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The government on Tuesday announced hikes in import duties for gold and silver, but it has yet to unveil other details such as its plan to tax imports of non-essential items.
If this Budget was not packaged and sold as a Budget for the poor and for farmers, Narendra Modi would have lost the next election.
Unions, which are protesting against FDI in the banking sector, are pressing for various demands.
No major deals above the value of USD 300 million happened last month, causing the decline from January, which registered deals worth USD 3.5 billion, according to a report released by consultancy firm EY on Wednesday.
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
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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
In order to be eligible for a loan when you really need one, it is imperative to maintain a good credit score. By having a good mix of debt and servicing it regularly, you can maintain a good credit score and be loan ready at all times.
Five photos of western style toilets were presented to convince the court that acceptable standards would be extended to Mallya.
Foreign institutional investors (FIIs) are set to pump in more funds in debt securities, as the next government under the Bharatiya Janata Party (BJP) is expected to be a stable one and is seen as growth-oriented by market participants.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Sensex, Nifty end the day in red on unfavourable cues from global markets.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
According to the complaint filed by SBI, the account had become non-performing asset on January 27, 2016.
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HDFC, TCS, RIL, ITC and ICICI Bank dragged the Sensex by over 100 points.
On Tuesday, Finance Minister P Chidambaram had more than adequately made clear that the government would be allocating Rs 14,000 crore through Budget, the Financial Services Secretary said.
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
Broader market outperformed the headline indices with BSE Midcap and Smallcap finishing the day 1.22%, and 1.54% higher, respectively
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A weak rupee makes imports costlier, including oil and other commodities.
A dream home can be closer to reality if you live a financially disciplined life. All that it takes is to make smart moves at the right time in your life and career.
Here are some of the common mistakes that most home buyers make when it comes to home loans and how to avoid them.
Banks are seeking an order that Mallya should appear in person before the court.
Making purchases on your credit card can turn out to be a better idea. Here's why.
The more you know about using a new credit card, the more you reap!
SBI, LIC and HDFC, have showed double digit growth.
Inflation indexed bonds assure a positive return over inflation.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Mallya said the allegations of money laundering and stealing money against him are 'completely false'.
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GNPAs of public sector banks are now at a staggering 11.2 per cent of their advances.
