And even if the headline estimates were met, the earnings breadth remained poor
During the announcement of its March quarter results, SBI declared a dividend of Rs 11.30 per share for the fiscal year 2023 against Rs 7.10 a share in FY22.
Banks want to track multiple exchanges of Rs 2,000 notes in case of future enquiries.
Lawyer Ashwini Kumar Upadhyay contended in his plea that notifications by RBI and SBI in this regard are arbitrary, irrational and offend Articles 14 of the Constitution of India.
Jet Airways was grounded in April 2019 over piling losses and debt of about Rs 8,000 crore. In October 2020, the airline's Committee of Creditors (CoC) approved the revival plan submitted by the Jalan-Kalrock consortium.
The clarification comes after a 'requisition form' started doing the rounds on social media, with claims that the slip would have to be filled to exchange or deposit Rs 2,000 notes. The 'form' also asked for a proof of identity.
As per the order of National Company Law Tribunal (NCLT) from January 13 the the Consortium was supposed to make the first tranche of the payment to Jet's lenders before May 15. However, the consortium is yet to make the payments.
Profit performance aided by a strong loan growth, higher margins, and a sharp fall in provisions
Markets have witnessed selling pressures for the last 3 consecutive trading sessions. Tailing global cues and on the back of earnings support, will the bulls strike back remains to be seen. The stocks that would hog the limelight include Interglobe Aviation, State Bank of India, United Spirits, Pfizer amongst others. Catch Nickey Mirchandani in conversation with Siddhartha Khemka · VP - Head of Research (Retail) at Motilal Oswal Financial Services Ltd and Aamar Deo Singh. Senior Vice President - Equity, Commodity & Currency at AngelOne
In this episode of Market Minutes, Shailaja Mohapatra talks March quarter numbers of ITC, SBI and Interglobe Aviation. (With inputs from Sucheta Anchaliya). Also, catch Omkar Tanksale of Axis Securities in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends
A daily round-up of the most interesting articles to help jump-start the day.
RBI floated a discussion paper to move the banking system’s provisioning principles from the current ‘incurred loss’ approach to a new ‘expected credit loss’ (ECL) approach.
The bank had in April 2022 raised $500 million through its IFSC Gift City branch in Gandhinagar, Gujarat
Indian benchmark indices erased early gains to extend their losing streak for the third session. Nifty heavyweights SBI reported their Q4 results. SBI posted a record 83% jump in profit. The cigarette-to-soap conglomerate ITC will also report it's Q4 results today. Nandita Khemka share the newsmakers on her radar including, SBI, ITC & Teamlease on Closing Bell.
State Bank of India Q4 result: The public-sector lender reported a 83 percent jump in net profit for the quarter ended March 31, 2023 to Rs 16,694 crore.
SBI Q4 result: The board has recommended a dividend of Rs 11.30 per equity share for FY23, which will be paid on June 14
The market is likely to open marginally higher on Thursday as the SGX Nifty indicates a positive start for Dalal Street. Vedant Fashions, Jubilant Foodworks, DRL amongst others will be on the radar today. State Bank Of India, Interglobe Aviation, ITC will post their Q4 results today. Catch @onlynickey in conversation with Chandan Taparia, Head - Technical & Derivatives Research at Motilal Oswal on Opening Bell
Nifty slipped below the 18,200 mark as markets continue to consolidate at higher levels. Will the index manage to stage a comeback on weekly expiry day? Meanwhile some big numbers lined up today as SBI & ITC report Q4 earnings today. SBI could report an over 65 percent uptick in profit while ITC’s cigarette volume growth is pegged at around 13 percent in the quarter gone by. CNBC-TV18’s Mangalam Maloo gives us a lowdown on what to expect from the conglomerate this time around. Meanwhile Vedant Fashions, MM Forgings are some of the other stocks in focus today. We discuss the cues for trade and a whole host of stocks with Nirav Chheda of Nirmal Bang. Watch!
Decent set of quarterly earnings, record tax collections, low probability of RBI hiking rates and heavy FII purchases have tilted the game in favour of the bulls for now
Last week, the BSE benchmark jumped 1,457.38 points or 2.44 per cent. Hindustan Unilever Limited was the only laggard from the top-10 pack. The market valuation of Reliance Industries zoomed Rs 48,238.78 crore to Rs 16,37,408.27 crore.
The U.S. dollar-denominated senior unsecured notes will be part of the India-based bank's US$10 billion medium-term note program, agencies said.
In March, Acharya - formerly a deputy governor of the RBI - had said in a paper that India's core inflation was persistent and elevated due to the pricing power of its large firms and recommended they be broken up
According to her family members, the woman was walking home from her daughter's house.
Some experts also suggested that when fintech companies hire a veteran banker, a certain goodwill also comes along.
SBI responded to Nirmala Sitharaman stating that they are equally pained to see the video and that they have resolved the issue by providing doorstep delivery of her pension and a wheelchair.