Thursday, May 13

Tag: ICICI bank

Sensex tanks 471 pts Nifty drops underneath 14,700
Business

Sensex tanks 471 pts Nifty drops underneath 14,700

MUMBAI: Extending its losses to the second session, fairness benchmark Sensex slumped 471 factors on Wednesday, dragged by offering in index majors ICICI Lender, HUL and Reliance Industries amid mixed cues from international markets. The 30-share BSE index finished 471.01 points or .96 for every cent decrease at 48,690.80. Likewise, the broader NSE Nifty tumbled 154.25 points or 1.04 for every cent to 14,696.50. IndusInd Lender was the prime loser in the Sensex pack, shedding around 3 for every cent, adopted by HUL, ONGC, ICICI Lender, Axis Bank, Kotak Financial institution, M&M and Tech Mahindra. On the other hand, Titan, Maruti, PowerGrid, SBI and NTPC were among the the gainers. "Indian indices extended its losses thanks to considerations over hike in international interest charges an...
Sensex tanks about 400 pts in early trade Nifty drops beneath 14,750
Business

Sensex tanks about 400 pts in early trade Nifty drops beneath 14,750

MUMBAI: Fairness benchmark Sensex tumbled around 400 factors in early trade on Wednesday, tracking losses in index majors HDFC twins, Reliance Industries and ICICI Financial institution amid adverse cues from world-wide marketplaces. The 30-share BSE index was trading 403.16 points or .82 for every cent lessen at 48,758.65 in first bargains. Likewise, the broader NSE Nifty fell 112.80 factors or .76 for every cent to 14,737.95. HDFC was the top rated loser in the Sensex pack, shedding in excess of 2 per cent, adopted by M&M, HUL, Nestle India, Tech Mahindra and ICICI Bank. On the other hand, PowerGrid, NTPC, L&T, SBI and ONGC were being among the gainers. In the preceding session, Sensex finished 340.60 details or .69 for each cent lower at 49,161.81, and Nifty slumped 91.60 factors or ....
ICICI Bank Revises Set Deposit Desire Rates. Check out Newest FD Rates Below
Business

ICICI Bank Revises Set Deposit Desire Rates. Check out Newest FD Rates Below

Non-public sector lender ICICI Financial institution has recently revised curiosity premiums on mounted deposits (FDs). The lender gives FDs across distinct tenures, ranging from 7 times 10 a long time.ICICI Lender is providing an desire fee of 2.5% on FDs with maturity concerning 7 times and 29 days, 3% for FDs maturing in between 30 days and much less than 3 months, 3.5% for FDs in between three months and 6 months four times.For FDs maturing in 185 days to significantly less than a yr, ICICI Financial institution provides a 4.4% desire amount just after the newest revision. Set deposits with a maturity period of time of one yr to 18 months will fetch an interest of 4.9%.The lender will give 5% fascination for deposits maturing in 18 months to a lot less than two years. ICICI Lender of...
Sensex tanks above 450 factors in early trade Nifty slips underneath 14,800
Business

Sensex tanks above 450 factors in early trade Nifty slips underneath 14,800

MUMBAI: Fairness benchmark Sensex tumbled over 450 factors in early trade on Tuesday, tracking losses in index-heavyweights HDFC twins, ICICI Lender and Kotak Financial institution amid negative cues from world-wide marketplaces. The 30-share BSE index was investing 470.10 details or .95 for each cent lower at 49,032.31 in preliminary offers. Similarly, the broader NSE Nifty slumped 145.80 details or .98 for every cent to 14,796.55. Kotak Lender was the major loser in the Sensex pack, shedding more than 2 per cent, adopted by HDFC, TCS, ICICI Bank, Bajaj Auto, Tech Mahindra, M&M and Maruti. On the other hand, Sunlight Pharma, NTPC, ONGC, ITC, Reliance Industries and UltraTech Cement have been among the the gainers. In the past session, Sensex finished 295.94 details or .60 for every cent...
Slice in FY21 unsecured financial loans may well relieve banks’ Covid ache
Business

Slice in FY21 unsecured financial loans may well relieve banks’ Covid ache

MUMBAI: Non-public financial institutions have scaled down their unsecured loans portfolio in the wake of the pandemic very last 12 months, which has lessened the hazard of defaults in the course of the next wave. Private banks have shifted emphasis to smaller enterprise loans that are secured by a federal government assure. This was done beneath the Unexpected emergency Credit score Line Assure Scheme (ECLGS) declared by the govt in the wake of Covid. An additional section the place banks have been aggressive is house loans, which noticed unforeseen demand from customers in the fourth quarter regardless of the pandemic. Kotak Mahindra Financial institution explained through its earnings get in touch with that it has reduced its unsecured portfolio to 5.8% of the loan e-book in FY21 from...
sensex today: Sensex surges about 350 points in early trade Nifty tops 14,900
Business

sensex today: Sensex surges about 350 points in early trade Nifty tops 14,900

File image for representation goal onlyMUMBAI: Equity benchmark Sensex rallied above 350 factors in early trade on Monday, tracking gains in index majors HDFC twins, ICICI Financial institution and Kotak Bank amid mainly positive cues from world-wide marketplaces. The 30-share BSE index was buying and selling 353.64 factors or .72% larger at 49,560.11 in initial deals. Likewise, the broader NSE Nifty surged 114.85 factors or .77% to 14,938. Dr Reddy's was the leading gainer in the Sensex pack, growing about 2%, followed by ONGC, HDFC, IndusInd Financial institution, ICICI Financial institution, Solar Pharma and Kotak Bank. On the other hand, UltraTech Cement, Bajaj Finance, Nestle India and Infosys had been among the laggards. In the past session, Sensex climbed 256.71 details or .52% t...
M-cap of Eight of Major-10 Most-valued Companies Zooms by Rs 81,250.83 Cr
Business

M-cap of Eight of Major-10 Most-valued Companies Zooms by Rs 81,250.83 Cr

8 of the major-10 most-valued organizations jointly extra Rs 81,250.83 crore in marketplace valuation previous week, with Tata Consultancy Services emerging as the most important gainer. Only Reliance Industries Ltd and Infosys took losses in their market place capitalisation for the week closed on Friday.Rest 8 providers — Tata Consultancy Companies, HDFC Bank, Hindustan Unilever Ltd, HDFC, ICICI Financial institution, Kotak Mahindra Financial institution, Bajaj Finance and Condition Lender of India — emerged as gainers. The market valuation of Tata Consultancy Products and services (TCS) jumped Rs 34,623.12 crore to arrive at Rs 11,58,542.89 crore.Hindustan Unilever Ltd additional Rs 13,897.69 crore to consider its valuation to Rs 5,66,950.71 crore. The valuation of HDFC received Rs 13...
Sensex ticks bigger for third day HDFC prime gainer on Q4 clearly show
Business

Sensex ticks bigger for third day HDFC prime gainer on Q4 clearly show

MUMBAI: Equity benchmarks stretched their winning streak for the 3rd session on Friday as sturdy corporate outcomes and constructive world cues propped up chance urge for food despite the Covid-19 overhang. A sturdy recovery in the rupee, which zoomed 27 paise in opposition to the US dollar, also bolstered investor sentiment, traders reported. The 30-share BSE Sensex climbed 256.71 points or .52 for each cent to finish at 49,206.47. Similarly, the broader NSE Nifty rose 98.35 points or .67 for each cent to 14,823.15. HDFC was the top performer in the Sensex pack, spurting 2.70 for each cent, soon after reporting a 31 for every cent leap in consolidated net earnings at Rs 5,669 crore for the March quarter. M&M, Bajaj Finserv, NTPC, Bharti Airtel, ITC, ONGC and UltraTech Cement were being ...
Sensex surges in excess of 200 factors in early trade Nifty tops 14,700
Business

Sensex surges in excess of 200 factors in early trade Nifty tops 14,700

MUMBAI: Market benchmark Sensex jumped about 200 details in early trade on Tuesday, monitoring gains in index majors ICICI Financial institution, HDFC Lender and Axis Lender amid a mixed trend in world equities. The 30-share BSE index rose 242.57 factors or .50 per cent to 48,961.09 in initial promotions. Equally, the broader NSE Nifty innovative 78.05 details or .53 for each cent to 14,712.20. ONGC was the major gainer in the Sensex pack, getting all-around 2 for every cent, adopted by Axis Financial institution, ICICI Lender, IndusInd Financial institution, SBI, Bajaj Finance and NTPC. On the other hand, Titan, HUL, Reliance Industries, PowerGrid, Solar Pharma and Infosys were among the the laggards. In the preceding session, Sensex completed 63.84 details or .13 per cent lower at 48,7...
Now, even defaulters can borrow a lot more
Business

Now, even defaulters can borrow a lot more

MUMBAI: In a move that will help even delinquent borrowers to avail of further bank financial loans, the govt on Friday prolonged the scope of its Emergency Credit Line Promise Plan to all those with reimbursement overdues of up to 60 days. The department of economical companies stated the facility would be out there to 26 pressured sectors determined by a committee headed by former ICICI Financial institution chief K V Kamath. The list consists of every little thing from healthcare, aviation and company retail shops to electricity, cement, building and textiles. So debtors from these sectors with outstanding financial loans of Rs 50-500 crore can avail of the special facility. The modification to the Rs 3 lakh crore ECLGS was declared as extra towns went beneath a contemporary lockdown ...