Several lenders including State Bank of India, the country's largest lender and HDFC Bank, India's most valuable bank by market capitalisation saw demand for housing and vehicle loans return to near pre-pandemic levels in the quarter ended September.
BSE MID-CAP INDEX
- Add to Portfolio
- Add to Watchlist
- Add to Alert
BSE MIDCAP's Latest News
In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim order on September 3.
Mid- and small-cap shares witnessed strong buying interest as S&P BSE MidCap and S&P BSE SmallCap indices also rose nearly 2% each.
SBI's provisioning for bad loans fell sharply in September quarter to Rs 5,619.28 crore from Rs 9,420 crore in the previous quarter.
The official said that the RBI was studying the possibility of investing in AAA-rated corporate dollar bonds, which offer better returns than sovereign credit.
Loan Moratorium: Banks Told To Credit ''Interest On Interest'' To Borrowers, RBI Tells Supreme Court
Banks, financial and non-banking financial institutions have been asked to take "necessary actions" to credit the difference between compound and simple interest collected on loans of up to Rs 2 crore during the moratorium scheme,
Commercial lenders - from the likes of State Bank of India (SBI), HDFC Bank and Kotak Mahindra Bank - currently provide a slew of maturity options for retail fixed deposits, which are fixed deposits up to Rs 2 crore.
The benchmark rate applicable for such relief would be the contract rate, which is used by the credit card issuers for the purpose of EMI loans, according to the Finance Ministry.
The lending institutions have been asked to complete the exercise of crediting the amount in the accounts of borrowers by November 5.
BSE MIDCAP's Recent Video Coverage on NDTV Profit
Buy PNC Infratech, Union Bank Of India: Gaurang Shah
Accumulate Bank of Baroda: R Sreesankar
Markets Look Attractive Despite Recent Rally: Sunil Singhania
Huge Gap In Supply Of Currency Notes: Bank Officers Union
See Further Upside In Banks; Like SBI, Canara: Gaurav Bissa
Avoid PNB, Canara Bank: Angel Broking
Prefer Dishman Among Midcap Pharma Stocks: Angel Broking
Avoid FMCG Stocks For A While: Motilal Oswal
Expecting More SLR Cuts: Union Bank
Debt Fund Taxation 'Mother Of All Retro Taxes': Raamdeo Agrawal
Tobacco Maybe Taxed More in Budget: BofA-ML
See Continuous Improvement in Profit: Canara Bank
Watchful of JLR's China sales: Mahantesh Sabarad
BSE MIDCAP's Top Positive Contributors
BSE MIDCAP's Top Negative Contributors
BSE MIDCAP's Announcements
Closure Of Trading Window.
More from Announcements »
|Company Name||Current Price||Change %|
More from Indices »