Sensex closes flat, ICICI Bank and Bajaj Finserv top gainers
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
The Opposition Congress on Monday continued to put pressure on SEBI chief Madhabi Puri Buch to tender her resignation as the party accused her of conflict of interest.
The Indian economy is expected to grow at 7.1 per cent in the first quarter (April-June) of the current financial year with the farm sector posting a robust performance, according to a report by SBI Research.
This move is linked to a substantial loan facility amounting to Rs 12,770 crore sanctioned by the SBI for the greenfield airport project, according to a report by the Financial Express
State Bank of India (SBI) on Saturday reported a standalone net profit of Rs 17,035 crore for the April-June quarter of 2024-25 which was a mere 0.9 per cent increase over the corresponding figure of Rs 16,884.3 crore for the same quarter of the previous year.
The bank also slashed its interest rates on retail term deposits by 20 basis points for 'up to 3 Years' tenor, effective from May 12.
On Saturday, RBI Governor Shaktikanta Das held a meeting of held meeting with public and private sector banks where the issue of loan moratorium was also reviewed.
SBI Cards and Payment Services had the highest credit rating during the previous fiscal year ended March 2020 with AAA/ Stable rating by Crisil.
Among all banks, SBI controls a market share of 22 per cent in the MSME lending.
It is the 11th consecutive MCLR cut in 2019-20, the bank said.
