It is ranked 7th on the list of world's top-10 consumer finance firms
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
While the farmers are not getting remunerative prices for their produce, at the same time they are forced to pay high prices for items they consume.
UTI's legacy and brand recognition, together with a robust distribution network and access to public sector money, could work in its favour, and help it command a premium
Invest 5 to 10 per cent in a banking sector fund. Ensure that mutual fund's portfolio includes all three players -- private sector banks, public sector banks and NBFCs.
Our focus around technology, cost efficiency, persistency and effective distribution channel will continue, says the ICICI Bank MD and CEO.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The biggest private sector lender, are swarming the market with discounts and special offers
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
Monetary transmission has been an issue for the Indian banking sector.
Home loans also pose lower bad-debt risks for the banks than corporate loans.
Deutsche Bank India CEO has grand plans for the region.
The agreement came in after the Ruias agreed to clear most of the Rs 26,000-crore dues to the lenders on completion of the transaction.
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Today, the economy requires a certain amount of push not just from the monetary policy but also from its transmission: Das.
The markets opened on a strong note due to continued optimism on the back of expected robust third quarter corporate performances
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The Sensex swung over 660 points both ways on alternate bouts of selling and buying before closing the day higher by 97.39 points, or 0.28 per cent.
The NSE Nifty settled the day 93.20 points or 0.88 per cent lower at 10,452.30 after shuttling between 10,612.90 and 10,434.05.
The money is expected to be disbursed by the lenders consortium led by SBI after the Jet management submits an operational plan on how it intends to use the money till May 7.
These funds carry low risk and should be able to beat the returns from fixed deposits.
Market breadth ended weak on the BSE with 1,838 declines against 1,218 advances.
Sensex closed over 118 points down on Thursday.
In the Sensex kitty on Wednesday, Tata Motors emerged as the top loser falling 3.01 per cent, followed by Vedanta shedding 2.92 per cent. Other laggards include HUL, Kotak Bank, NTPC, Infosys, HDFC Bank, Bajaj Finance, Hero MotoCorp, ICICI Bank, Yes Bank, HDFC, IndusInd Bank and PowerGrid, falling up to 1.77 per cent.
A recent report by Citi had pegged the total amount stuck in stalled projects across seven major Indian cities (Bengaluru, Mumbai Metropolitan region, National Capital Region, Ahmedabad, Hyderabad, Kolkata and Pune) at Rs 80,000 crore.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
Among Sensex constituents, HCL Tech suffered the most by diving 2.26 per cent, followed by HDFC shedding 2.10 per cent.
Strong gains in metal, energy, auto and power shares lifted the key indices to new highs.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
Nifty snaps 10-day winning streak
The Arun Jaitley-led finance ministry reiterated banks should act tough on wilful defaulters.
SBI remains a favourite of most brokerages in the PSB segment.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
'Our target is to award Rs 25 lakh crore worth of projects that would result in creating 25 million jobs'
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