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Household debt doubles in FY23, savings more than halves to 5.15% of GDP
Thu, Sep 21, 2023
According to SBI Research, a good portion of the drawdown from savings have gone to physical assets and of the Rs 8.2 lakh crore increase in household indebtedness in FY23, as much as Rs 7.1 lakh crore accounted for bank borrowings, primarily for home loans and other retail finances.
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SBI festive offer: Collateral-free loans to SMEs, seamless digital services for small businesses and more
Thu, Sep 14, 2023
As the festive season is just around the corner, the country's largest lender, the State Bank of India, is gearing up to bring a series of offers for SMEs and small businesses.
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TRENDING NOW
FIRST TRADE: Sensex, Nifty open little changed amid caution ahead of US jobs data release
Fri, Sep 01, 2023
Stock market today: At the time of filing this report, the S&P BSE Sensex was flat but in the green. It was trading 0.08 per cent or 50.16 points, higher at 64,881.57, and the NSE Nifty was trading 0.06 per cent or 11.16 points, higher at 19,264.95.
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FINAL TRADE: Indices end lower for the 2nd day; Sensex cracks 366 pts; Nifty ends at 19.265.8
Fri, Aug 25, 2023
Stock market today: Both indices closed over 0.50 per cent lower. BSE Sensex slipped 365.83 points, or 0.56 per cent, at 64,886.51, and the NSE Nifty cracked 121 points or 0.62 per cent at 19.265.8.
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Dollar firm on safe-haven demand as markets fret over China, banks
Wed, Aug 09, 2023
The dollar remained on the front foot in Asia on Wednesday, holding on to overnight gains against major peers as investors sought the safety of the currency amid risks from a floundering Chinese economy and downgrades for US banks.
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Cabinet clears Telecommunication Bill, likely to be introduced in Parliament next week
Fri, Aug 04, 2023
The Union Cabinet is learnt to have cleared the Telecommunication Bill during its meeting which took place on Friday, sources aware of the developments said. With the cabinet having cleared the proposed legislation, it is likely to be introduced in the Parliament next week.
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ECB to raise rates by 25 basis points in July, slim majority say September too
Thu, Jul 20, 2023
The European Central Bank will raise interest rates by 25 basis points on July 27, according to all economists in a Reuters poll, a slight majority of whom were now also expecting another hike in September.
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FIRST TRADE: Sensex up 100 pts, Nifty around 19,480; Nazara Tech drops over 6%, Delta Corp hits lower circuit
Wed, Jul 12, 2023
Stock market today: Shares of online gaming companies and casinos crashed in the trade following the GST Council's decision to levy a 28 per cent tax on online gaming, casinos, and horse racing, and the tax would be levied at full face value.
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HDFC-HDFC Bank merger to be completed in next 5 weeks: Top highlights from Analyst Meet
Thu, May 25, 2023
HDFC Bank Analyst Day Meet Highlights: Despite the aggressive investment plans and merger, the management, as per the brokerages who attended the meet, has exuded confidence that it will maintain the return on average assets (RoAAs) in the range of 1.9-2.1 per cent from the first day of the merger.
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Share Market HIGHLIGHTS: Sensex ends weak session 695 pts lower, Nifty gives up 18,100; HDFC twins tumble 6%, Manappuram 11%
Fri, May 05, 2023
Stock Market LIVE Updates: Indian equity benchmarks Nifty 50 and Sensex suffered steep losses on Friday amid selling pressure in financial, IT and metal shares though buying interest in FMCG stocks lent some support. Q4 results remained in focus in the Indian share market, a day after HDFC and Hero MotoCorp reported their numbers. Globally, investors remained cautious about the health of the US banking sector and any spillover to other major markets around the world. Catch minute-by-minute updates of all the action in the Indian share market, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and much more on the Zeebiz.com blog.
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