Following the Reserve Bank of India’s recent 0.25% reduction in the repo rate, attention has swiftly turned towards fixed deposit (FD) interest rates, particularly affecting senior citizens. With banks expected to reduce their rates accordingly, six institutions have announced revised FD interest rates effective February 2025. This adjustment comes as a significant move for those … Read more
Fixed Depsit rates: In December 2024, several banks, including Federal Bank, Karnataka Bank, Equitas Small Finance Bank, RBL Bank, and Bank of Maharashtra, changed their fixed deposit interest rates. These changes have implications for the general public’s and senior citizens’ savings. One of the most widely chosen investment options is a fixed deposit, where an individual deposits … Read more
Karnataka Bank introduced two new cutting-edge financial products: KBL Peak, an education loan providing up to Rs 2 crore in funding along with comprehensive coverage, and KBL Genius, a student savings account featuring a unique free cyber insurance and exclusive benefits. Srikrishnan H, Managing Director and CEO of the bank, said: “With the ‘KBL Peak’ … Read more
Indian Railway Finance Corporation Share Price 151.82 03:59 PM | 8 Oct 2024 7.47(5.18%) Suzlon Energy Share Price 73.64 03:59 PM | 8 Oct 2024 2.71(3.83%) Indian Renewable Energy Development Agency Share Price 224.39 03:59 PM | 8 Oct 2024 13.26(6.29%) Tata Motors Share Price 919.8 03:59 PM | 8 Oct 2024 -8.06(-0.87%) YES Bank … Read more
Apr 12, 2024, 03:23:27 PM IST Smallcap funds saw outflows in March for the first time in 31 months, suggesting a possibility of lump sum withdrawals by investors amidst Sebi and fund houses’ efforts to curb inflows. Amid this backdrop, these stocks managed to lure investors and were among the top buys from smallcap space. … Read more
Equity indices rebounded sharply by 1% on Wednesday after sliding for the past two sessions. The 30-share BSE Sensex jumped 689 points to settle at 71,060 and the broader Nifty also closed 215 points at 21,453.Stocks that were in focus included names like SBI Life, which rose 2.68%, Karnataka Bank, which fell 7.8%, and Tata … Read more
The Indian stock market is trading at an all-time high as strong inflows from foreign and domestic investors rush in on the back of improved earnings and macroeconomic indicators. However, retail investors are in two minds: whether to book profits or continue investing. For investors looking for signs of real economic recovery, not just the … Read more
Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said. Indian equities ended the first … Read more
NEW DELHI: Although net sellers in the Indian market in the last one-and-a-half years, foreign institutional investors or FIIs, have been consistently raising stakes in over 110 stocks in the last four quarters. Out of them, the top 10 have delivered up to 300% return in the last one year. An analysis of shareholding pattern … Read more
Four financial service companies, including three banks, from the smallcap space have turned multibaggers since last year’s Holi, according to an analysis by The Economic Times. Karnataka Bank was the top gainer among the financial pack, with a rise of over 153%, followed by Ujjivan Financial Services, whose shares have risen 145%. Meanwhile, South Indian … Read more