Public sector banks led a decline in bad loan provisions for the second consecutive quarter, with provisions falling 2.9% to ₹27,318.2 crore in the September quarter. This decline was driven by PSBs like Punjab National Bank and Central Bank of India, while private sector banks saw a 12.5% increase in provisioning.
Posts in category All News
Escalating tensions in Europe erode early gains on D-St; FPIs further sell shares worth Rs 3,412 cr (20-11-2024)
India’s Nifty index broke a seven-day losing streak, edging up slightly on Tuesday as investors sought bargains after recent losses. However, gains were limited by escalating tensions between Ukraine and Russia, leaving the market outlook uncertain.
Stocks that weathered the storm could gain 10-37% more (20-11-2024)
Despite a broad market sell-off since September, which has seen stocks fall by 15-50%, a select group of stocks with market caps above ₹5,000 crore, including Paradeep Phosphates, Mastek, and Neuland Laboratories, have bucked the trend, with potential for further gains of 10-37% according to analysts.
Can expect a 5-7% Santa Claus rally in 6-8 weeks: CLSA on Indian markets (20-11-2024)
India strategist Vikash Kumar Jain predicts a potential “Santa Claus rally” in the stock market, projecting a 5-7% rise over the next six to eight weeks. He believes negative factors are already priced in and cites historical December gains.
Nitco ltd – will it turnaround? (20-11-2024)
Could you explain in a little bit of detail?
Sebi plans tighter IPO rules for SMEs, higher investment amount (20-11-2024)
To combat misuse of funds, India’s Securities and Exchange Board is proposing stricter regulations for small and medium enterprise IPOs. These include raising the minimum investment amount and requiring a minimum issue size, along with increased scrutiny on related party transactions and promoter share sales.
Bitcoin breaches $94,000 for the first time (20-11-2024)
Bitcoin soared to an all-time high, surpassing $94,000, fueled by reports of a potential acquisition of crypto trading platform Bakkt by Donald Trump’s social media company. This surge, coupled with the debut of options trading for BlackRock’s Bitcoin ETF on Nasdaq, has intensified speculation about a crypto-friendly environment under the incoming Trump administration.