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
Earlier this week, Union Finance Minister Nirmala Sitharaman encouraged financial institutions to develop innovative deposit products to enhance customer attraction. In the latest RBI Bulletin, released on Monday, Governor Shaktikanta Das also highlighted that the share of bank deposits has declined with households allocating savings to mutual funds and pension funds. “It is observed that … 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
Many stocks in the smallcap segment ended 2022 on a sweet note, with as much as 264 of them giving double-digit weekly returns. As much as 27 smallcap stocks rose 20-41% in the week gone by. These include names like (Tax breaks, jobs or plan to beat China: What will Budget 2023 offer? Click to … Read more
Mumbai: Initial public offerings (IPOs) in 2022 have helped investors make better money than the previous two years, with 17 of the 22 listings currently trading above their issue price amid sharp swings in the stock market. Some IPOs such as , Veranda Learning, Venus Pipes, and Campus Activewear, have more than doubled over the … Read more
During the June 2022 quarter, seasoned investor Dolly Khanna added to her portfolio. The stock is currently trading 75 per cent below its issue price. Suryoday Small Finance Bank had listed on bourses in 2021. According to the latest shareholding data, Dolly Khanna held 12,27,986 equity shares or a 1.16 per cent stake in the … Read more
Antony Waste Handling Cell, which cancelled its IPO in March, will also likely try again in December, according to bankers. Synopsis Suryoday Small Finance Bank, ESAF Small Finance Bank, Nazara Technologies, RailTel, Burger King, Kalyan Jewellers and Antony Waste Management are among those that are conducting road shows and planning initial public offers (IPOs) in … Read more