Posts in category Economic Times
KRAs issue guidelines for simpler KYC process (25-04-2024)
Of these, 73% of the KYC records are under 'KYC Validated' status, 15% are under 'KYC Registered' status and the remaining 12% are under 'KYC On-Hold' status.
Invesco AMC, its CEO, others settle case with Sebi (25-04-2024)
The case relates to an inspection of mutual funds and portfolio management services (PMS) activities of Invesco Asset Management for the period between October and November 2021.
Pre-market action: Here’s the trade setup for today’s session (25-04-2024)
"Despite the bulls maintaining their upward trajectory for the fourth consecutive session, there's a noticeable lack of momentum," said Rajesh Bhosale, Technical Analyst, Angel One.
Stocks in news: Bajaj Finance, Nestle, Tech Mahindra, IndusInd Bank, Axis Bank, HUL, Kotak Bank (25-04-2024)
Shares of Bajaj Finance, Nestle, Tech Mahindra and IndusInd Bank will be in focus as the companies will announce their quarterly results later in the day.
With bulls dancing, many more join Street party (25-04-2024)
For instance, five stocks, NHPC, Indian Renewable, IRFC, Yes Bank, and HDFC Bank, collectively added 75 lakh investors during the quarter ending March 2024. NHPC led the pack with a substantial influx of 23 lakh new investors.
Hot Stocks: 3 stocks that may give returns between 16- 24% (25-04-2024)
Here's a look at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 24% as per analysts’ price targets
Fall in call market volume raises concerns over pricing of MIBOR, other instruments (25-04-2024)
The MIBOR, in turn, is used as a benchmark or reference for derivative products such as interest rate swaps, forward rate agreements and term deposits and certain types of debt instruments issued by firms to raise money.
RBI bars Kotak Bank from adding customers digitally (25-04-2024)
The Reserve Bank of India (RBI) has imposed strict restrictions on Kotak Mahindra Bank, a third-most valued private bank in India, for failing to fix its IT systems over the past two years. The bank was asked to stop functions cited "with immediate effect" and assured customers that there would be no interruption to services. Kotak Mahindra Bank has taken measures to strengthen its IT systems and will continue to work with the RBI to resolve balance issues at the earliest.
Higher margins and non-core income lift Axis Bank Q4 profit (24-04-2024)
The bank had reported a loss of ₹5,728 crore in the corresponding period a year ago on goodwill impairment following Citibank's portfolio acquisition. The bank had reported a net profit of ₹6,071 crore in October-December 2023 period, translating into a 17% increase in profit on a sequential basis.
Kotak Mahindra case: Indian banks caught between growth targets and an unforgiving regulator (24-04-2024)
Kotak Mahindra Bank is in the latest in the line of entities in financial services which has been pulled up for various lapses. Hints are that more could be penalised for dropping the ball - particularly if they had chosen to disregard warnings and red flags.