The RBI on Friday imposed a fine of Rs 6.5 crore (Rs 65 million) on six public sector banks including IDBI Bank, Dena Bank and Indian Bank, for violation of customer identification or KYC norms and anti-money laundering guidelines.
Sensex surged 486 points or 1.9%.
Markets ended weak tracking the expiry of April derivative contracts.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
The collective headcount of the five banks stood at 1,99,555 as on March 31, 2013.
India's GDP for the three-month period ended September 30 grew 7.4%.
Bankers say loan demand was more muted this festival season than last year.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
The Sensex soared 402 points higher to end at 25,720 and the Nifty surged 130 points to close at 7,819.
The interface allows you to add multiple banks and transfer money, even between payment wallets, for a fraction of existing costs
The Survey shows fiscal consolidation despite slowdown in growth.
The S&P BSE Sensex ended 190 points up at 23,382.
Markets crashed due to domestic worries; bluechip stocks tanked too.
Experts hail 2014 as the worst year for banks.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
23 Nifty companies reported an annual decline in net profit.
The rally in index heavyweight ITC has boosted the sentiment across the board.
When there is panic, you get an opportunity to get your hands on some of the good stocks.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
India has 20,000 tonnes of idle gold; gold is an important aspect of women empowerment: PM.
The 30-share Sensex ended up 292 points at 29,571 and the 50-share Nifty closed up 75 points at 8,910.
Writes to shareholders highlighting its performance, governance practices.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
So what if your bank has imposed/will impose a transaction fee of Rs 20 for using ATMs after your fifth visit in a month? You can still remain within your free transaction limits and avoid being charged at all. Wondering how it is to be done? Read on.
Only double-income households can buy flats in India's top 8 cities, except Mumbai
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
The 30-share BSE Sensex closed down 162 points at 28,338 and the 50-share Nifty was down 67 points at 8,463.
New offerings by banks are changing the way you transact.
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