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Explaining the reason for the 16 per cent spike in revenue to Rs 5,871 crore and the resultant 10 per cent jump in net interest income to Rs 1,606 crore, Gowd told PTI that Rs 1,569.33 crore increase in absolute provisions was due to prudential provisioning as we wanted to increase the coverage ratio

The marketing presentation, which has not been previously reported, shows the Swiss bank is betting on an aggressive rebound at CS First Boston (CSFB) after revenue plunged 69% in 2022

Nifty opened on a negative note on Monday & moved lower in the beginning of the session. However, the key hourly moving averages offered support on the downside & restricted further downside. Consequently, the index traded in a sideways manner as the day progressed & ultimately formed an Inside bar on the daily chart

Also, price caps on Russian products took effect on Sunday, with Group of Seven (G7) nations, the European Union and Australia agreeing on price limits of $100 a barrel on diesel and other products that trade at a premium to crude and $45 a barrel for products that trade at a discount, such as fuel oil

"Muthoot Finance registered a year-on-year growth of 6% in loan assets and marginal quarter-on-quarter growth in gold loans of less than 1%. Yield on loan portfolio witnessed a QoQ increase of 0.84% consequent to stoppage of very low rate teaser loans," said the MD

Traders will look at gold as a safe-haven asset and buy into it," said Phillip Streible, chief market strategist at Blue Line Futures in Chicago.Concerns over a slowdown remain and that is likely to keep demand for gold on a firm footing this year, analysts said

Ahead of its earnings, the stock on Monday ended 0.5% down at Rs 789.25 on the NSE. Recently, it was downgraded by some brokerages in view of the sharp rally in the stock. In 2022, the stock has given 18% returns when benchmark Nifty 50 gave about 4% returns

“The RBI has the luxury of raising rates or deferring it as inflation is cooling off and growth is stable. The market will be looking forward to the guidance on the borrowing program of FY24,” said Nilesh Shah, managing director of Kotak Mahindra AMC.

“Everywhere we have tried to be realistic. And that is why when people ask me, have you reduced your Budget on some things? No, we have been realistic. Absorption is also a very important indicator of where your money will be well received. There is no point in giving money in every head because it exists.”

The Dow Jones Industrial Average fell 51.57 points, or 0.15%, at the open to 33,874.44