Loan rates will change at the next reset, while deposit rates will continue till maturity.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Asset managers are betting big on ETFs these days.
Steep volatility in the markets has made fund managers cautious, awaiting opportunities to deploy the cash.
Several brokerage houses have given a year-end target of as high as 30,000 for the BSE bourse's benchmark Sensex, with fund managers telling investors not to redeem though the index is still only around 25,000.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Biggest ever share sale by any private or public sector co in India.
Going by the strict criteria set, only Maharashtra, Tamil Nadu, Gujarat, Karnataka, Uttar Pradesh, Andhra Pradesh, Madhya Pradesh, and Haryana qualify for such extra borrowing, as of now.
The 30-share Sensex ended down 339 points at 28,119 and the 50-share Nifty closed 100 points lower at 8,438.
Out of the 30-share Sensex pack, 21 ended lower and one remained unchanged
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The RBI, which has no interest or mechanism to get feedback from bank customers, is unaware of this. If made aware, it remains silent, proving that it has no problem in allowing lenders to short-change its customers, says Debashis Basu.
The Nifty finished the day at 10,265.65, a hefty gain of 98.95 points, or 0.97 per cent, after shuttling between 10,270.85 and 10,195.25.
PSU bank shares were the top gainers on hopes of a rate by the RBI on easing consumer inflation
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
The 50-share NSE Nifty gained 53.30 points or 0.61 per cent to 8,778.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
The RBI's reluctance to cut rates should be seen as a case of inability in the face of inflation.
Sensex rises, snapping two-session losing streak; banks, auto gain.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS, says Jaimini Bhagwati.
Coal India was the biggest gainer on both Sensex and Nifty
The derivatives expiry on Thursday is also expected to add to the volatility.
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
Notable losers were ONGC, Axis Bank, ITC, SBI, ICICI Bank, NTPC, Hero Motocorp, Sun Pharma and Bharti Airtel who fell by up to 2.80 per cent.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
The 50-issue NSE Nifty too cracked the 10,200-mark and hit a low of 10,108.55 before finishing 104.75 points, or 1.02 per cent down at 10,121.80.
Sectoral performance was mixed with media and PSU banking stocks attracting buyer interest and healthcare, FMCG and metal stocks bearing the brunt of the bears
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
Nifty September F&O series ended lower after seven consecutive positive series with Metal Index falling the most
