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SBI ordered to pay Rs 20 lakh compensation each to sweepers; HC says bread is costlier than bloodEnding a 27-year legal fight, the Orissa High Court ordered a public sector bank to pay Rs 20 lakh each to two daily-wage sweepers. The cou...- How a Rs 20 electricity bill payment by an SBI customer led to the bank paying Rs 2.2 lakh in compensationA State Bank of India customer was defrauded of ₹1.99 lakh after attempting a ₹20 electricity bill payment. The National Consumer Disputes ...
- Axis Bank to hire 50 private bankers as wealth boom intensifies in IndiaAxis Bank is expanding its private banking and wealth management services, hiring 50 senior bankers and planning to launch investment funds...
- Reliance Power shares soar 9% after firm returns to black in Q3Reliance Power share price saw a significant rise of 8.64% following the announcement of a net profit of Rs 41.95 crore for the December qu...
- Pay Rs 15 lakh in death claim, consumer forum tells insurance companyA consumer forum ordered Go Digit General Insurance Company to compensate Dinesh Baria's family for his death in a road accident. The forum...
- Sarkaari banks trump private peers in drawing fresh talentHigh attrition rates in private sector banks has increased the appeal of public sector banks (PSBs) for job seekers. HDFC Bank, Axis Bank a...
- Jefferies dumps Zomato, picks 2 new metal stocks in its India portfolio"We also shave off some weight from Maruti (potential headwind to discretionary consumption due to slower wage hikes/IT hiring) to banks," ...
- Govt's finances won't be overstretched by Covid vax drive, relief measures: SBI ResearchAssuming a cost of Rs 400 per dose, the Covid vaccination drive to cost govt about Rs 48,851 crore of which it had already budgeted for Rs ...
- Sensex surges amid gains across sectors as bulls look past Covid 2.0 concerns: What else is driving StreetAsian stocks rose on Monday with Chinese shares near three-week highs as signs the world economic recovery was well on track bolstered risk...
- Sensex touches 52,000 mark for the first time, led by buying in banks. Key factors behind upmoveNow if the breakout sustains, the indices are primed for another leg of the rally, given FIIs continue to be bullish.
- SBI stake buy in YES Bank! Should you smile or worry?Experts advised caution to those seeking to buy YES Bank shares following the report.
- Economic Survey 2020: Optimistic prescriptions for difficult timesThe survey has a distinct prescriptive flavour with many bold reforms to transition the economy to a more market-based economy. Thus, the s...
- Bad news nearly over, upbeat PSB brass fuel a stock rallyDespite the gain in the last six sessions, the Nifty PSU Bank index is down 18% since January.
- need2know: Seven macro triggers that may matter for market todayIf the UP government keeps its farmer loan waiver promise, banks are likely to take a hit of Rs 27,420 crore. There will be stress on the s...
- need2know: Morning update on six macro triggers that may matter to youRatings agency Moody's has affirmed India's Baa3 rating and the positive outlook on the same, ruling out an upgrade for now.
- Online insurance plans will become bigger in 2015Insurance regulator did not make drastic changes in the compensation structure, it placed a 15-35% cap on the commissions payable in the fi...
- Raghuram Rajan effect: Home, car loans get dearerThe State Bank of India (SBI) today raised its base rate by 20 basis points to 10% per annum from the earlier figure of 9.8%.
- RBI hikes repo rate by 25 bps: Why car, home loans may not get dearerHad the RBI gone for a 50 bps hike, markets & India Inc would have had good enough reason to be disappointed. RBI for sure played safe.
- Market may further correct by 10% from current levels: Rajnish Kumar, Fullerton SecuritiesIn an interview with ET Now, Rajnish Kumar, CEO, Fullerton Securities & Wealth Advisors Ltd, gives his views on the markets. Excerpts:
- Mid-term policy review: Your funds in savings a/cs will now fetch you moreHowever, on the downside, customers may not benefit if banks choose to pay interest on average balances maintained on a quarterly or a mont...
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