On October 19, HDFC Bank reported a 6 per cent increase in the September quarter net profit to Rs 17,825.91 crore on a consolidated basis.
These 10 stocks hit 52-week lows, plummeting up to 20% in 1 month (28-10-2024)
This metric may signal buying opportunities in fundamentally strong stocks or, alternatively, reflect underlying issues or negative trends within a company.
High moisture content leaves cotton growers worried in some Indian States (28-10-2024)
Telangana and Maharashtra badly hit as CCI looks for low moisture content
Market Trading Guide: SBI, Wipro among 4 stock recommendations for Tuesday (28-10-2024)
Indian benchmark equity indices snapped their 5-day losing streak on Monday, ending with strong gains. The Sensex closed 602.75 points higher at 80,005, and the Nifty climbed 158.35 points to 24,339.15. Rupak De of LKP Securities said that Nifty’s strength above 24,000 could lead to a rally towards 24,500. A decisive drop below 24,000 might trigger panic
Sun Pharma Q2 Results: Net profit jumps 28% to Rs 3,040 crore on higher sales (28-10-2024)
Sun Pharma reported a 28% year-on-year (YoY) jump in net profit to Rs 3040 crore in Q2FY25 led by higher sales growth in domestic formulation and global specialty portfolio.
HDFC Bank- we understand your world (28-10-2024)
There is other side to this argument.
I know quite a few HNIs but I don’t know anyone who keep their cash in savings accounts. They are usually savvy investors or have their wealth managers who deploy their money in higher yield asset classes (real estate, equity, gold etc) and avoid keeping them in low yielding savings account.
Lower income or salaried middle class on the other hand can be more attractive for banks because either they keep their money in savings accounts or do term deposits in the same banks thus providing a sticky source of capital.