HDFC Bank is the largest private sector bank in India incorporated in August 1994 and was the first to obtain RBI approval to establish a bank in the private sector. Till date the company has 7821 branches across 3811 cities in India, serving over 83 million customers. HDFC Ltd, India’s first specialized mortgage firm was …
This week, Bajaj Auto Unveiled its Triumph Speed 400 and Scrambler 400X motorcycles in India. Triumph Motorcycles has experienced an astounding response among Indian motorcycle enthusiasts, achieving an extraordinary milestone of 10,000 bookings in a mere 10 days following the global unveiling. The much-awaited Speed 400 and Scrambler 400 models, which were first showcased in …
The Reserve Bank of India conducted stress tests to evaluate the ability of scheduled commercial banks (SCBs) to withstand macroeconomic shocks. The results indicate that the banks are adequately capitalized and possess the capacity to absorb such shocks for one year, even without requiring additional capital infusion. Based on the stress test results published in …
An Overview Retail investors can now invest directly in government securities. Individual investors can open an account with the Reserve Bank of India (RBI) to invest in government assets through this plan. What’s on the plate? RBI-RD is a service designed to entice retail investors to purchase government assets. In February 2021, the RBI recommended …
The Indian Rupee outperformed the other emerging market currencies, exhibiting a significant decrease in expected volatility during June. When investors look to profit off the interest rate differentials between two currencies, volatility becomes the crucial factor to take into account. Despite the fluctuation in the value of the dollar over the past month, the Indian …
An Overview Bajaj Finserv, a financial services company, stated on Tuesday that the Securities and Exchange Board of India (SEBI) has given the company its thumbs up to sponsor a mutual fund. In addition, the corporation will establish an Asset Management Company (AMC). In line with the SEBI policies and other necessary rules, the firm …
An Overview Housing Development Finance Corp. (HDFC) declared a standalone net profit of Rs 3,780 crore for the quarter ended September 30, 2021, on Monday (Q2FY22). This represents a 32% increase over the same period last year, when dividend income was Rs 2,870 crore. On the NSE, HDFC shares were up about 2% at Rs …
SEBI has recently barred Kotak Mahindra Asset Management Company (AMC) from introducing any FMP or fixed maturity plans for the upcoming 6 months. The market regulator also imposed Rs. 50 lakhs worth of fines on the AMC for violating provisions of the SEBI Act and hurting investor’s interests. Let’s take a look at what caused …
Capital markets regulator SEBI has issued fresh guidelines pertaining to investment norms for the workforce, trustees and board members of mutual fund and asset management companies (AMCs). The guidelines include the creation of a new category of ‘access persons’ for which these rules apply. Accordingly, SEBI has imposed curbs on trading by the staff, trustees …
Trading at the NSE was halted yesterday for most of the normal trading hours post 11:40 A.M. due to technical glitches. The issue started sometimes post 10 A.M as tickers for all indices including the Nifty stopped getting updated. However at 11:40 A.M trading was halted for both the cash and F&O segment on the …
