HDFC Bank remains Samir Arora's all-time favourite, making up 8.9 percent of Helios Capital's total assets under management

While retail and SME segment remain key drivers in the medium-term, CASA remains a big challenge for all the banks

Analysts say better governance standards and upgrading of technology during the BJP-led government's regime helped to restore faith across PSU bank stocks in the run-up to the 2024 general elections

Last year in December, the Mumbai-based power sector equipment manufacturer was admitted under the corporate insolvency resolution process (CIRP) in an application filed by the State Bank of India after it defaulting on its dues of about Rs 167 crore.

Bhavish Aggarwal-driven Ola Electric's net loss nearly doubled to Rs 1,472 crore in FY23, from Rs 784.1 crore in the previous fiscal year, as expenses surged significantly.

#SBIN #SwingtradeIn weekly chart price is at good support.In Daily chart need to wait price to reverse , good green candle with good close a

The revised guidelines are applicable to both new and existing safe deposit lockers and the safe custody of articles facility, as per revised RBI guidelines.

“If we are looking at a 12-15% kind of an uptick in Nifty in the runup to this election, Bank Nifty can easily do better by 5 to 10 percentage points. When it comes to Bank Nifty and banking stocks, there is a massive room on the upside, though it is a little high beta. So I think it can move up by 20-25% very easily.”

SBI Pension Funds has an AUM of Rs 3.83 lakh crore and PAT of Rs 35.03 crore.

Designated as a category II alternative investment fund, it was introduced by finance minister Nirmala Sitharaman in September 2019. This initiative emerged in response to escalating worries about stalled projects adversely affecting homebuyers and posing potential risks to the banking system.

SBI said the acquisition has been approved by RBI and PFRDA.

Currently, SBI holds a 60% stake in SBI Pension Funds. The bank will acquire the 20% stake held by SBICAPS, its wholly-owned subsidiary. Besides SBI and SBICAPS, SBI Funds Management owns a 20% stake in SBI Pension Funds.

The index made a strong bullish candle on daily charts as it rose 1,617 points or 3.6% to close at 46,431. It hit an intraday record high of 46,484. The Nifty50 index rose more than 400 points to close at 20,686. Nifty Bank has risen more than 6% in a week as well as more than 8% in a month.

The 30-share BSE benchmark Sensex advanced 1,384 points or 2.05% to settle at 68,865. The broader NSE Nifty surged 419 points or 2.07% to end at 20,687. Meanwhile, the market capitalisation of all listed companies on BSE surged by Rs 5.78 lakh crore to Rs 343.45 lakh crore.

Jeevan Utsav is meant to generate regular income over the long term, after the premium-paying years. The 10 percent on sum assured may sound stellar, but the internal rate of return is 5.7-6.04 percent, depending on age, sum assured, and premium-paying term.