29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC. Private banks and NBFC-lending are leading the BFSI sector with 14% and 23% YoY growth, respectively.
Latest home loan interest rates: When evaluating the eligibility of your home loan, you should examine its cost. This includes interest payments, processing fees, administrative costs, prepayment penalties, and other expenses. Here is a list of banks’ home loan interest rates for April 2024 . Read on to know more:
Latest home loan interest rates: When evaluating the eligibility of your home loan, you should examine its cost. This includes interest payments, processing fees, administrative costs, prepayment penalties, and other expenses. Here is a list of banks’ home loan interest rates for April 2024 . Read on to know more:
India has simplified the payment mechanism for traders importing pulses from Myanmar, requiring them to use the Rupee/Kyat direct payment system through the Special Rupee Vostro Account (SRVA) through the Punjab National Bank. The Indian Mission informed the ministry that the Rupee/Kyat Settlement Mechanism was operationalised from January 25 to simplify trade transactions and make them more efficient.
India has simplified the payment mechanism for traders importing pulses from Myanmar, requiring them to use the Rupee/Kyat direct payment system through the Special Rupee Vostro Account (SRVA) through the Punjab National Bank. The Indian Mission informed the ministry that the Rupee/Kyat Settlement Mechanism was operationalised from January 25 to simplify trade transactions and make them more efficient.
Latest home loan interest rates: When evaluating the eligibility of your home loan, you should examine its cost. This includes interest payments, processing fees, administrative costs, prepayment penalties, and other expenses. Here is a list of banks’ home loan interest rates for April 2024 . Read on to know more:
The ED investigation revealed that Padam Singhee acquired properties held by SOGL Group companies indirectly at nominal rates through shell companies beneficially owned by him. Other properties were also acquired or held by him through such shell companies. The structure of the companies was planned in such a way as to avoid detection by banks or enforcement agencies, the statement added.
Punjab National Bank: What happened was an constable with Railway Protection Force (RPF) became a victim of electronic fraud in 2013 and Rs 80,000 was withdrawn through eight unauthorised transactions. Banking lawyers say that the burden of proving customer liability in case of unauthorised electronic banking transactions shall lie on the Bank.
PNB, Bank of India, and Bank of Baroda have reported significant credit growth in the March quarter, reflecting positive trends in the banking sector. PNB's credit grew by 11.5% to Rs 9.85 lakh crore, while Bank of India saw a 13.56% increase to Rs 5.86 lakh crore, and Bank of Baroda's global advances grew by 12.41% to Rs 10.89 lakh crore. These figures indicate a healthy growth in lending activities, supported by a rise in total deposits for all three banks.
CA Rudramurthy BV predicts Nifty to rise to 23,000-23,200 and Bank Nifty to 50,000 in April. He recommends buying on dips, especially emphasizing opportunities in public sector enterprises, power stocks, and specific companies in the real estate sector. He further says: " Trent is a buy on every dip or at any price and hold it in your portfolio."
The instruments in which the ratings have been revised upwards include long term bank facilities, long term/short term bank facilities, bonds, long term instruments, non convertible debentures (NCDs), tier II bonds, fixed deposits and commercial papers. The PNB Housing Finance has been a market laggard in 2024, so far with negative returns of over 20% as against Nifty which has delivered 2.7% returns during this period.
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