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Global brokerage Goldman Sachs has turned optimistic on Indian banking stocks, saying improving financial conditions, low earnings expectations, and attractive valuations position the sector for a strong comeback.As per ET, the firm expects the Nifty Bank index to outperform the broader market, projecting up to 30% upside for banks and non-banking financial companies (NBFCs). Easier…
The Indian stock market ended in green on Monday, with benchmark indices extending their winning streak for the fourth consecutive day, buoyed by strong quarterly results from major lenders and a rebound in global risk appetite.The BSESensex settled at 84,363.37, rising 411.18 points or 0.49 per cent, while the NSE Nifty50 closed at 25,843.15, up…
As the festive season of Diwali approaches, banks across India are set to remain closed for multiple days in October 2025. Known as the festival of lights, Diwali is not just a one-day celebration. In many states, it spans several days, with each day holding its own cultural and regional significance.This year, the festive week…
Mumbai: India’s private banks showed contrasting trends in asset quality in Q2 FY26, with larger lenders maintaining stability while smaller players, particularly those under new leadership, reported setbacks in earnings. IndusInd Bank and Federal Bank, both navigating transitions under new MDs, did not post year-on-year growth in net profits as the chiefs accelerated clean-ups and…
Diwali 2025 bank holidays: As the festive week of Diwali approaches, several states will see a string of bank holidays. However, banks will not remain closed nationwide for three consecutive days, with most closures being state-specific based on regional festivals. Are banks closed for Dhanteras 2025? This Saturday, October 18, banks across India will remain…
Is it possible to be so hot that you’re cool? Tyra Banks seems ready to find out.The former supermodel and entrepreneur has announced her latest creation, hot ice cream. The phrase alone has left the internet buzzing with confusion, curiosity, and plenty of questions.Banks’ dessert venture, Smize & Dream, was inspired by her mother, Carolyn…
Global economy (AI image) The global economy is going through a period of enhanced turmoil with the trade war unleashed by US President Donald Trump. Amidst this uncertainty, International Monetary Fund (IMF) MD Kristalina Georgieva has said that world leaders and central bank governors need to ‘buckle up’.Deepak Ajwani, Editor, Economic Times Online asked IMF…
Public sector banks have demonstrated stronger performance and resilience recently, with credit growth surpassing that of private banks, Financial Services Secretary M Nagaraju said on Tuesday. He attributed the trend to improved due diligence, enhanced credit underwriting standards, and better monitoring of project loans.Speaking at the inauguration of Punjab & Sind Bank’s MSME Sports Cluster…
Banks have approached RBI seeking green light for a minor change, to stop sending SMS alerts for transactions under Rs 100.They say the rise in small online payments, especially through UPI, has flooded customers with notifications, leading to alert fatigue. Sometimes, the customers even end up missing messages for bigger transactions, sources familiar with the…
MUMBAI: Banks are expected to report weaker earnings for the second quarter of FY26 in coming weeks as falling lending rates outpaced the decline in funding costs, compressing margins and profit growth. Analysts said the full impact of earlier RBI repo rate cuts was felt during the quarter, causing Net Interest Margins (NIMs) to contract…
