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Canara Bank, BoB raise $800m in offshore loans

Updated at : 2023-11-06 06:30:01

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In a deal closed last week, Canara Bank raised $500 million through its first syndicated loan since 2011, senior executives from the domestic lender and HSBC exclusively told ET. The transaction saw participation from 23 banks across Asia and the Middle East, signalling firm appetite for Indian finance companies in overseas markets.

Deposit rush to keep bank margins under pressure

Updated at : 2023-11-06 06:30:01

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NIM, the difference between the yield a bank earns on loans and that it pays on deposits, dropped to 3.43% for SBI but ICICI held on to its margins at 4.53%. Smaller banks like Federal Bank also saw a 14 basis points drop in NIM year on year to 3.16%.

Originally set up as a depository in 1995, the company has a an extensive experience in digital public infrastructure including creation of Tax Information Network (TIN), Permanent Account Number (PAN) issuance and verification, services related to Atal Pension Yojana (APY) and NPS, and e-KYC services.

ETMarkets analysis of BSE 500 stocks shows that four of them have seen a steady rise in prices, trading volumes

Max Healthcare Institute, NHPC, Bharat Forge, Hindustan Petroleum Corporation, Gland Pharma, Emami, Exide Industries, R R Kabel, Bajaj Electricals, Bikaji Foods International, Sun Pharma Advanced Research, Sobha Ltd, Ujjivan Financial Services, Quess Corp, Fusion MicroFinance, Gateway Distriparks, Heidelberg Cement, Va Tech Wabag, and Paras Defence and Space Technologies are among the other major companies releasing results on Monday.

"After a gap-up opening, Nifty 50 faced resistance around 19,250-19,300 levels, and we can see maximum put writing at 19,200 levels, which may act as strong support for Nifty. We can see maximum open interest in the 19,300 call option, so one should only be bullish on Nifty if it closes above its crucial 100-day moving average, which is placed at 19,300," said Kunal Shah, senior technical and derivative analyst, LKP Securities.

​Missed Q2 earnings this week? Here's a snapshot

Updated at : 2023-11-05 14:20:01

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If you have missed tracking the numbers, here is a quick snapshot.​

Investing lessons from ICC Cricket World Cup 2023

Updated at : 2023-11-05 14:20:01

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The factors determining the performance in two different periods are never the same. So, investments based on past performance may not yield similar results in the future always. This tendency to invest based on past performance is a behavioural bias commonly termed trend-chasing or extrapolation bias.

For the six-month period ended September 30, 2023 the profit grew to Rs 59.62 crore, from Rs 35.29 crore registered during the corresponding period of last year, the Chennai-headquartered company said in a press release here.

The brokerage has a buy rating on Bharti Airtel with a target price of Rs 1,106, an upside potential of 19% from the current market price.​

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