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Fee income fell 38 per cent to Rs 1,651 crore. Net interest margin shrank 15 bps sequentially to 3.58 per cent due to surplus liquidity in the quarter under review. Net interest income (NII) rose 20 per cent year-on-year to Rs 6,985 crore. The stock rose 2.9 per cent to Rs 446.20 on the BSE Tuesday.
Tech View: Analysts say US polls likely to play its part on D-StreetET takes a look at F&O strategies that analysts are advising to make a quick buck from the uncertainty around the US election.
from Stocks-Markets-Economic Times https://ift.tt/2HUNIJ3
… Read MoreCovid stress: Banks say provisions good enoughBoth private and public sector banks are confident that stress in their books will not go out of control by the end of the fiscal as they have all increased their provision coverage ratios (PCR) to deal with any increased str… Read MoreStocks in the news: Equitas SFB, ICICI Bank, Maruti Suzuki, RIL, HDFC and NTPCMaruti Suzuki India (MSI) on Sunday reported an 18.9 per cent increase in sales at 1,82,448 units in October.
from Stocks-Markets-Economic Times https://ift.tt/3jP13Q4
… Read MoreMore than poll result, EMs to track new White House’s stimulus signalsFor financial markets, a Republican victory led by Donald Trump is comforting in terms of continuity of policies. But Joe Biden’s win, which would bring Democrats back in power in the world’s biggest economy, could also be ce… Read MoreNRIs in tax havens get notices from I-T deptThe liability to pay tax in India depends on the residential status and not on the nationality or domicile status of tax payer. Under the residency rule, a person who stays 184 days or more abroad to take up employment or car… Read More
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