Bajaj financing’s stock rose more than 1% in early trading on Thursday after the non-banking financing company (NBFC) published a solid business update for the first quarter of FY25. As of June 30, 2024, Bajaj Finance’s total assets under management (AUM) increased by 31% to ₹354,100 crore, from ₹270,097 crore in June 2023. According to…
Paytm shares faced pressure as three block trades, totaling up to 1.1 percent of equity or approximately 72.5 lakh shares, were reportedly transacted, according to a Bloomberg report. The identities of buyers or sellers were not immediately disclosed. One 97 Communications’ shares experienced a decline with significantly higher trading volumes, exceeding 3.2 times the three-month…
RBI: ICICI Bank and Yes Bank were hit with fines by RBI after an inspection for FY22 found non-compliance. In short ‘Loans and Advances – Statutory and Other Restrictions’ was not followed by ICICI. ICICI failed in their due diligence to evaluate the sustainability and viability of Yes Bank broke the rules on Customer Service…
Federal Bank shares: Federal Bank reported nearly flat profits for the March quarter due to provisions for wage hikes, but analysts noted that the overall performance exceeded expectations. They highlighted the unchanged net interest margin (NIM) and minimal credit costs as positive factors. Looking ahead, analysts are closely monitoring the upcoming replacement of current MD…
Bajaj Finance shares: Bajaj Finance, a non-bank finance lender, saw its shares drop approximately 8 percent in early trading on April 26 following the release of its Q4 earnings report, which revealed a decrease in net interest margin. The company experienced a 21 basis point erosion in net interest margin during the fourth quarter compared…
Kotak Mahindra Bank shares plummeted by up to 10% in early Thursday trading, triggered by the Reserve Bank of India’s directive to halt the issuance of new credit cards and onboard new clients via digital channels. This decline represents the steepest single-day drop for the stock since March 23, 2020. Wednesday saw the RBI instruct…
Stock Market Updates: Amidst encouraging signals from global peers, equity benchmark indices got off to a solid start on the first trading day of the 2024–25 fiscal year. At 74,166, the S&P BSE Sensex was up more than 500 points. A test of the 22,500 levels was observed for the NSE Nifty 50. – Stock…
IIFL Finance: The stock prices of JM Financial experienced a notable decline of approximately 4 percent, while IIFL Finance saw a more significant plunge of 5.5 percent following the Reserve Bank of India’s announcement of a special audit for these two firms. By 12:40 pm, JM Financial was trading at Rs 72 on the BSE,…
Lok Sabha election 2024: Following the sell-off on Dalal Street, Indian stock market investors are likely on the lookout for opportunities for bottom fishing. For value investors eyeing potential gains over the medium to long term, the upcoming Lok Sabha election in 2024 stands out as one of the major factors influencing their decisions. They…
Forex: India’s foreign exchange (forex) reserves saw a substantial uptick, surging by $6.396 billion to reach $642.492 billion for the week ending March 15, as per the most recent data released by the Reserve Bank of India (RBI). This follows a notable increase in the previous reporting week, where the overall reserves had climbed by…
