News

 *Financial News Bulletin Dt.26th January ,2024*

SBI warns staff against enrolling customers in insurance schemes without consent.The bank told its employees it had found unauthorised debits in customer accounts.

-Money Control

Reserve Bank of India on Thursday gave approval to Life Insurance Corporation of India to acquire up to 9.99% stake in HDFC Bank Ltd, said the bank in a stock exchange filing.

-Business Today

Shares of Punjab National Bank Ltd (PNB) rose over 2% in the afternoon session after the lender reported a 253% rise in consolidated net profit in Q3 from the year-ago period. Net profit rose to Rs 2222.8 crore in the December 2023 quarter against Rs 628.88 crore in the December 2022 quarter. Net interest income rose 12.13 % YoY to Rs 10,293 crore in Q3 FY24. Return on Assets (RoA) improved YoY by 41 bps to 0.58% in Q3 FY’24. Total income rose 16% to Rs 29,962 crore in the December 2023 quarter.

-Business Today

Zomato Payments gets RBI's nod to operate as online payment aggregator.In an exchange filing, the food delivery platform said the central bank has allowed it to carry out the business as a payment aggregator and issuer of pre-paid payment instruments with effect from January 24, 2024.

-Business Today

Adani Power Ltd on Thursday reported multi-fold jump in consolidated net profit at Rs 2,738 crore for the quarter ending December 31, 2023, as strong industrial demand drove a recovery from a massive slump in profit the previous year. It reported consolidated net profit of Rs 9 crore in the year-ago period.

-Business Today

BSE's Sensex tanked 359.64 points, or 0.51 per cent, to settle at 70,700.67, while NSE's Nifty50 dropped 101.35 points, or 0.47 per cent, to end the day at 21,352.60 for the day.

-Business Today

Indian Bank prepares to launch a subsidiary to focus on some business areas.The subsidiary would largely focus on back-office processing, collections, recovery, sales and marketing, among other functions.

-Business Line

RBI receives bids from banks for allotment of ₹3-lakh cr against notified amount of ₹2.5-lakh cr.As on January 24, system liquidity deficit was near an all-time high of ₹3.5-lakh crore on account of GST payments.

-Business Line

 

S&P BSE Sensex  70700.67

NIFTY 50                21352.60

NIFTY Bank           44866.15

BSE Bankex           50744.82

USD/INR                        83.12

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