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The Finance Ministry has said it will soon issue a clarification on STT and that if the tax is already higher, then necessary changes would be made as the intention was to increase the tax and not reduce it.

European banks have had a rough ride in the last week with a state-backed rescue of Credit Suisse and turmoil among regional U.S. banks fuelling concerns about the health of the global banking sector.

I also believe that the way the mutual funds have been playing the development role on the bond market, which I think is one of the most needed for the country as a whole, in addition to the equity market.

Wood, in the latest edition of GREED & fear, highlighted that the valuation differential between India and China has reverted to its traditional mean after the huge 65% outperformance of MSCI China over MSCI India from the end of October 2022 to late January following the China re-opening.

Kotak Institutional Equities remains positive on Indian banks and see limited impact on them of the risks emanating from a possible global slowdown on lenders back home. We believe that Indian banks would fare reasonably better in this leg of the cycle, KIE said.

The sudden increase in delivery in the stock indicates an accumulation/delivery pattern, either strong hands are accumulating scrips or selling scrips.

Au Small Finance Bank, incorporated in the year 1996, is a banking company (having a market cap of Rs 37288.02 Crore).

The indicative maximum number of equity shares to be bought back under the buyback scheme would be over 41.33 lakh equity shares representing 0.94%, which is less than 25% of the existing paid-up equity capital of the company, the filing said.​

In the Finance Bill 2023, which was passed by the Lok Sabha today, Sitharaman also hiked STT by 25% on sale of futures contracts.