Bank fixed deposit (FD) rates: Fixed deposits (FD) have gained popularity, with some banks offering up to 9 per cent interest in different tenures. Some banks, public and private, have raised interest rates on fixed deposits in December. Since May 2022, FD investors have seen an upward interest rate trajectory with some public sector banks … Read more
Mumbai: The likely shift to provisioning based on expected losses from incurred losses could be cumbersome for some public sector and regional private sector banks, according to analysts. Even as most banks have strengthened capital buffers post Covid-19, expected credit loss (ECL)-based norms could release existing provisioning for large banks such as ICICI Bank and … Read more
Even as banking stocks witnessed strong momentum in recent months, brokerage Kotak Institutional Equities suggests that the valuation of stocks from the sector is still not expensive. Public and private banks are still either close to their long-term averages or marginally higher, it said. “Public banks are just marginally higher than where they were pre-Covid … Read more
Indian markets opened higher on Tuesday despite mixed global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 reclaimed 17700 levels. Sectorally, buying was seen in utilities, power, realty, and energy stocks. Nifty50 reclaimed 17600 levels on Monday which is a positive sign, but it may face some resistance close to … Read more