by OverviewFX | Aug 23, 2024 | Banking & Finance
Bank credit to non-banking financial companies (NBFCs) has significantly slowed down following the Reserve Bank of India’s (RBI) decision to increase risk weights on such loans last year. According to RBI data, the growth in bank loans to NBFCs dropped to 8.5%...
by OverviewFX | Aug 22, 2024 | Banking & Finance
With Kotak Mahindra Bank having fallen from its previous swing high from 1,870 level to a swing low of 1,729 level, domestic brokerage firm JM Financial sees the bank stock outperforming the Nifty50 index in ratio trade.Kotak Bank has managed to move above the...
by OverviewFX | Aug 22, 2024 | Banking & Finance
Stocks in Asia edged higher ahead of key events from the Federal Reserve and the Bank of Japan that will help define the global rates trajectory.The MSCI Asia Pacific Index climbed 0.2% as benchmarks in Japan, Australia and South Korea rose. That came after the...
by OverviewFX | Aug 22, 2024 | Banking & Finance
Dividend growth at some of India’s largest banks is expected to slow after surging in the fiscal year ended March 31, as per an analysis by S&P Global Market Intelligence. The anticipated slowdown comes as the rising cost of deposits and heightened...
by OverviewFX | Aug 22, 2024 | Banking & Finance
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday approved the delisting application of ICICI Securities from the stock exchanges and also rejected objections filed by minority shareholders. The NCLT in an oral order approved the Scheme of...
by OverviewFX | Aug 22, 2024 | Banking & Finance
Kolkata, Private lender Bandhan Bank on Thursday said it plans to raise the customer base of women by launching products specifically tailored for them. The bank launched a women-specific debit card in collaboration with Mastercard with facilities like accident...
