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BIZARRE: 4 | Mind Blowing Facts

Senior citizens FD interest rates up to 8.3%: SBI, HDFC Bank, PNB, ICICI Bank, Axis Bank and more

Highest FD interest rate: Senior citizens seeking lucrative returns on their savings can now explore attractive fixed deposit options. Small finance banks like Unity SFB and Shivalik SFB are leading the pack, offering an impressive 8.3% interest rate on FDs for this demographic. This presents a significant opportunity for retirees…

The Economic Times

Revised FCNR interest rates up to 7.13%: PNB, ICICI Bank, Axis Bank and others revise rates

FCNR interest rates: Banks are increasing interest rates on Foreign Currency Non-Resident (FCNR-B) deposits for NRIs, OCIs, and POIs. This follows the RBI's announcement to cover hedging costs for new 3 to 5-year deposits until September 2026. Axis Bank now offers up to 6% on these schemes for select tenures.

The Economic Times

Banks, Bharti, IT: Sandip Sabharwal's top picks & why he is worried about Zepto IPO

Market expert Sandip Sabharwal sees private banks like Axis and ICICI as top buys. He believes IT stocks are oversold with potential for 12-15% upside. Bharti Airtel is his sole pick in telecom. Sabharwal cautions against richly valued domestic companies, citing Zepto's IPO valuation as an example. Investors should focus…

The Economic Times

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Stocks in news: Ola Electric, Eicher Motors, Axis Bank, Anant Raj, Wipro

Markets faced pressure on Monday, with key indices declining over half a percent due to weak global cues. Ola Electric approved its QIP issue, Eicher Motors reported a 15% sales rise, and Axis Bank increased its stake in Axis Max Life Insurance.

The Economic Times

Nifty Bank drops 370 points as PNB, Axis Bank, SBI, and other stocks fall up to 2%. What lies ahead?

Banking stocks declined sharply on Monday, pulling the Nifty Bank index down more than 370 points. PSU banks led the losses, while analysts flagged key support and resistance levels for traders. Technical indicators suggest near-term consolidation, with the next directional move likely to emerge from a breakout or breakdown.

The Economic Times

10 lowest floating vs fixed home loan interest rates: PNB, ICICI Bank, Bank of Baroda and more

Home loan interest rates: Choosing a home loan involves comparing floating and fixed interest rates. Floating rates can decrease but also increase with RBI policy. Fixed rates offer stable EMIs, which can be beneficial as income grows. ET Wealth Online presents the 10 lowest fixed and floating home loan rates…

The Economic Times

Nifty Bank rises 650 points as report says RBI unlikely to hike rates to defend rupee; Axis, ICICI, HDFC shares jump up to 2%

Indian bank stocks surged on Friday morning. This followed a report indicating the Reserve Bank of India is not planning interest rate hikes to counter the rupee's decline. The RBI is reportedly focusing on inflation as the primary driver for its monetary policy decisions. Other measures are being considered in…

The Economic Times

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In FY26, private banks' return on equity moderates amid NIM pressure, treasury losses

Private banks saw their profitability dip in FY26. Net interest margins faced pressure as loan rates adjusted faster than deposit rates in a falling interest rate environment. Treasury income also declined. This led to a moderation in return on equity for major lenders like HDFC Bank, Axis Bank, and ICICI…

The Economic Times

Highest 3-year FD interest rates for senior citizens: These banks offer 8% interest rate on fixed deposits

Senior citizens seeking higher returns on their retirement savings can explore 3-year Fixed Deposit options. Small finance banks like Jana and Utkarsh lead with 8% interest, while private banks such as Bandhan and YES Bank offer up to 7.75%. Public sector banks, including Bank of India and Standard Chartered, provide…

The Economic Times

Capitalmind Flexi Cap Fund exits RIL and 2 others, hikes stake in Titan Company, MCX and 16 other stocks in April

Capitalmind Flexi Cap Fund exited Reliance Industries, Bank of Baroda, and L&T Finance in April. The fund also increased stakes in Titan Company, MCX, and 16 other stocks, including NTPC and ONGC. It added MTAR Technologies, Tata Steel, and Kirloskar Oil Engines as new holdings, expanding its portfolio to 42…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Friday

BSE Sensex and Nifty 50 extended gains for a second session, led by banking, metal and pharma stocks despite IT weakness. Analysts flagged 23,800 as a key resistance for Nifty, while broader market breadth remained mildly negative amid selective buying and selling pressure.

The Economic Times

Samir Arora-backed Helios Flexi Cap Fund increases stake in Tata Motors, Eternal, Paytm, 8 others in April

Helios Flexi Cap Fund, backed by Samir Arora, boosted its holdings in Tata Motors, Eternal, and Paytm during April. The fund also increased its stake in eight other companies, including Hero MotoCorp and Bharat Electronics. Conversely, exposure was reduced in HDFC Bank, Reliance Industries, and Ather Energy. Titan Company and…

The Economic Times

SBI margins drag PSU banks, but private banks set for comeback: Pranav Gundlapalle, Bernstein

State Bank of India's margin drop was a key event. Analysts suggest the worst may be over for banks. Private sector banks are expected to perform well in FY27. Foreign investor flows are seen as a key factor for stock performance. HDFC Bank and Axis Bank are top picks. Paytm…

The Economic Times

Big Surprise for Apple Fans: iPhone 17 Pro Discount Rumours Got Real Check It Now

Apple has quietly sweetened the deal for buyers planning to upgrade to the iPhone 17 Pro. The premium smartphone is now available on the Apple Store with revised pricing and instant cashback offers, making it more accessible for users who were waiting for the right moment. With multiple storage variants…

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Top News

Bain Capital To Sell Stake In India's Axis Bank

Bain Capital to sell 9 million stake in Axis Bank, showcasing India's banking sector appeal to global investors.

The Hindu

Consumer forum in Cuddalore orders Axis Bank to pay ₹1 lakh in compensation for deficiency in service

Axis Bank ordered to pay ₹1 lakh compensation to farmer for deficiency in service by Cuddalore District Consumer Disputes Redressal Commission.

The Hindu

Morning Digest | PM Modi says government working to make cooperatives strong part of rural life; Supreme Court forms panel to prepare SOP for adjournments, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on December 28, 2023

Dynamite News

Assam Rifles to train 30 competitive exam aspirants in Tripura

With an aim to train 30 students for various competitive exams, Assam Rifles in collaboration with Axis Bank and National Integrity and Educational Development Organization (NIEDO) will run a project "Sentinel Centre of Educational Excellence, Skilling and Wellness" in Tripura. Read further on Dynamite News:

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Dynamite News

Neelkanth Mishra appointed part-time Chairperson of UIDAI

The Centre has appointed Neelkanth Mishra, Chief Economist, Axis Bank and Head of Global Research, Axis Capital as part-time Chairperson of Unique Identification Authority of India. Read further on Dynamite News:

The Hindu

53 medal winners among 848 students graduating from IISc in Bengaluru

Amitabh Chaudhry, Chief Executive Officer, Axis Bank, delivered the convocation address at the Indian Institute of Science (IISc.) in Bengaluru on July 31.

The Hindu

Another Manipur bank looted, computers and electronic items stolen

Criminals target another bank in Manipur's Kangpokpi district, looting computers and other electronic items worth ₹1 crore. An FIR has been lodged at Kangpokpi police station

The Hindu

ED attaches assets worth ₹45.20 crore linked to former NSG Deputy Commandant

The alleged fraud in the name of giving NSG contracts came to the fore in January last year

The Times of India

Neelkanth Mishra quits Credit Suisse, set to join Axis Bank

MUMBAI: Neelkanth Mishra, co-head of Asia Pacific strategy at Credit Suisse Group AG, has resigned from the company and is set to join Mumbai-based Axis Bank Ltd, according to people familiar with the matter.

The Times of India

Axis Bank completes acquisition of Citi's India consumer business in Rs 11,603-crore deal

NEW DELHI: Private sector lender Axis Bank on Wednesday announced that it has completed acquisition of Citibank's consumer business and non-banking financial company (NBFC) consumer business.

The Times of India

S&P upgrades Axis Bank rating on improving asset quality

NEW DELHI: SP Global Ratings on Tuesday upped its credit rating on Axis Bank with a stable outlook on expectations that the private sector lender will maintain good asset quality over the next two years.

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