A new temporary drop in the coming week should not be interpreted as a bad thing, but the buyer should focus on using the strategy because we do not expect to break the main support level of the 16900.
Shares of Axis Bank fell 3.5 percent to Rs 702 in intraday trade on the BSE on Tuesday as investors rallied after a weak June ( Q1 FY23).
Indian currencies have been the market’s worst performers so far this year, falling more than 35 percent compared to the benchmark’s 18 percent decline.
The RBI has given preliminary approval to the State Bank of India for its subsidiary proposal to support operations, aimed at reducing the cost-to-revenue ratio.
In the last two policies, the RBI had increased the repo rate by 90 basis points. Many banks have increased their loans from May to July this year. Many lenders link their lending rates to the repo rate.
NEW DELHI: SBI MF, India’s largest mutual fund company, has shares worth Rs 4.36 lakh. The main change in the profile of the company in July included the purchase of heavy sectors in banking and technology
Bank deposit rates are catching up with lending rates after the Reserve Bank of India (RBI) raised repo rates by 50 basis points (bp) and credit growth outpaced deposit receipts.
HDFC Mutual Fund, one of the largest mutual fund companies in India, has assets under the management of Rs 4,23,716 crore.
Kotak Mahindra Bank’s NII (interest income and expense differentiation) for the October-December period increased by 12% year-over-year to Rs 4,334 million. Net banking margin increased from 4.36% to 4.62% in the reporting quarter.
According to Prabhudas Lilladher, net interest income (NII) is expected to grow by 4.7% YoY (3.6% QoQ) to Rs 7,569.6 crore.