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With technology shares moving from strength to strength and banking shares showing some promise, the Nifty, in the weeks ahead, is likely to inch closer to its record high of 12,430.5 touched in January this year
NARC, provision buffers to help banks contain Covid 2.0 damageAsset quality is still a major concern for many Indian banks even as non-performing assets (NPA), on average, could be contained, the global consultancy firm said.
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… Read MoreNCLT orders liquidation of Choksi’s Nakshatra WorldThe ruling came on an insolvency petition ICICI Bank filed around two years ago against the company, which was also allegedly involved in a money laundering case reported at the Punjab National Bank. The court appointed Santa… Read MoreNon-bank NPAs to rise, derail sector recovery: ICRAThe rise in the NPAs would be double that of the 40 to 50 basis points reported in the fiscal ended March 2021 as loans in risky segments like real estate, personal loans, micro finance, loans to SMEs and vehicle finance whic… Read MoreNLC India Q4 profit rises 52% to Rs 757 crConsolidated income of the PSU in the January-March period increased to Rs 3,550.48 crore from Rs 3,405.14 crore in the year-ago period, the filing said.
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… Read MoreEuropean stocks deepen losses, airlines slump on UK travel ban woesThe pan-European STOXX 600 ended 0.6% lower, with the travel and leisure index down 4.4% to a one-month low.
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