| Change | Change % |
| 25.55 | 0.23% |
19 Nov, 2018 | 09:59 AM IST |
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Public sector banking majors, such as State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda, pay interest to the tune of 5-7.35 per cent to senior citizens on term deposits - or fixed deposits - of up to Rs 1 crore. Investment in FD in the same category by senior citizens fetches a return of 4-8 per cent in their private sector p...
The government is planning a 25 per cent to 30 per cent hike in tariffs for local gas pipelines by end-December, an industry source with direct knowledge of the matter said.
Stock markets registered gains of almost 1 per cent on Tuesday, led higher by banking, financial services, FMCG and energy shares. BSE benchmark index Sensex ended 331 points, or 0.95 per cent, higher at 35,144 and the Nifty index of the National Stock Exchange settled at 10,582, up 100 points from the previous close. With this, markets snapped two...
In the sectoral landscape, losses were led by FMCG and financial stocks. PSU banks, however, bucked the negative trend.
Gross bad loans as a percentage of total loans stood at 11.78 per cent at the end of September, compared with 12.46 per cent in the previous quarter, and 11.16 per cent last year.
Rival airlines also took a hit on Thursday, with Jet Airways shares slipping up to 2.4 percent, while SpiceJet Ltd fell as much as 3.14 percent.
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