SBI Securities Diwali Picks 2024: Every year, SBI Securities shares its top picks for the Diwali special ‘Muhurat’ trading session. This year, the brokerage has recommended 15 stocks. Last year, it recommended 12 stocks, including Titagarh Rail Systems, Nippon Life India Asset Management, and Kilburn Engineering. How did these stocks perform? Did they reach their targets? Let’s…
The government has set an ambitious goal for India’s public sector banks (PSBs), with senior officials at the Finance Ministry’s PSB Manthan 2025 in New Delhi confirming that efforts are underway to place at least two PSBs among the world’s top 20 banks by assets. According to sources, consolidation is not part of the roadmap,…
444-Day Special FDs: Several banks are offering a special 444-day fixed deposit scheme that has become popular among investors looking for safe and guaranteed returns. Unlike regular FDs, this limited-period product carries slightly higher rates and stands out for its unusual tenure. State Bank of India (SBI), Punjab and Sind Bank, Indian Overseas Bank (IOB) and…
State Bank of India (SBI) Chairman Challa Sreenivasulu Setty said on Thursday that the government’s move to shift a host of everyday household items to 5 per cent from the 12 per cent slab will provide real relief to the people in the form of enhanced savings and better spending capacities. His remarks came after the GST…
444-Day Special FDs: Several Indian banks continue to offer a special fixed deposit with a 444-day tenure that has been popular among conservative investors seeking stable and guaranteed returns. While fixed deposits have lost some ground to equities, mutual funds and other market-linked options, banks are keeping interest alive through limited-period schemes that carry slightly…
The country’s largest lender State Bank of India (SBI) has requested the Reserve Bank of India (RBI) to allow banks to fund acquisitions, the bank’s chairman Challa Srinivasulu Shetty said on Monday. Currently, Indian banks are not allowed to lend for mergers and acquisitions. Because of this rule, when companies plan to buy other businesses, they usually turn to non-banking…