Indian Banking Industry News & Updates
Mann Deshi Mahila Sahakari Bank has revolutionised financial landscape for rural women
New Delhi: “This year we are celebrating one million women entrepreneurs, so please join our celebration, the celebration of women power in rural India,” said Chetna Sinha, founder of Mann Deshi Mahila Sahakari Bank, after receiving the BL Changemaker Award for Financial Transformation, 2024. “I never thought of setting up a banking institution. I was inspired by Jayaprakash Narayan and moved to Mhaswad village in Satara. A woman came to me wanting to save ₹3 every day. She had no surplus. Banks refused to open accounts for her, saying she was not an affordable clients, so we thought, why not have our own bank? That’s how it started,” she explained.
‘Rate cuts expected as retail inflation remains below RBI forecast’
Market ends marginally low; realty, PSU banks shine
The Indian equity indices ended marginally lower on Friday. At close, the Sensex was down 71.77 points or 0.09% at 82,890.94, and the Nifty was down 32.40 points or 0.13% at 25,356.50.
The Last Financial Closing...
| Sensex |
81,559.54 (+375.61) |
| NSE |
24,936.40 (+84.25) |
| US$ spot |
Rs.72.8 |
| US$ |
Y.104.9300 |
| US$ 6 months |
Rs. |
| Yen |
Rs.0.69 |
| Euro spot |
Rs.88.1 |
| Gold (10gm) |
Rs.47,196.00 |
| Silver (1kg) |
Rs.69,184.00 |
| |
|
| Crude Oil (WTI) |
|
| Crude Oil (Brent) |
$61.3 |
| |
|
| Scip on BSE |
Face Value (Rs) |
Last Traded Value (Rs.) |
| Apollo Tyres |
1 |
512.30 |
| Asahi Ind |
1 |
704.70 |
| Amara Raja B |
1 |
1,411.45 |
|
| Ashok Leyland |
1 |
244.60 |
| Bharat Forge |
2 |
1,552.75 |
| JK Tyre Ind |
10 |
418.55 |
| Eicher Motor |
10 |
4,743.00 |
| Escorts |
10 |
3,674.45 |
| Exide Ind |
1 |
476.20 |
| Force Motors |
10 |
7,500.00 |
| Gabriel India |
1 |
510.50 |
| Hero Motocor |
2 |
5,740.00 |
| Hind Motors |
5 |
29.35 |
| HiTechGear |
10 |
885.10 |
| Jay Bharat |
5 |
105.00 |
| Jamna Auto |
5 |
120.50 |
| Kinetic Engg |
10 |
192.40 |
| KOEL |
2 |
1,293.80 |
| Kirloskar Bro: |
2 |
1,656.50 |
| L&T |
2 |
3,576.00 |
| Lumax Ind |
10 |
2,836.00 |
| Lumax Tech |
10 |
511.05 |
| M&M |
5 |
2,709.00 |
| Maruti Suzuki |
5 |
12,148.00 |
| Motherson SS |
1 |
187.36 |
| Minda Inds |
2 |
1,069.00 |
| MRF |
10 |
1,34,117.00 |
| Omax Auto |
10 |
132.99 |
| Rico Auto |
1 |
119.19 |
| JTEKT India |
1 |
169.98 |
| SRF Ltd |
10 |
2,532.95 |
|
| Tata Motors |
2 |
1,040.80 |
| TVS Motors |
1 |
2,757.85 |
RBI Guv Shaktikanta Das signals no policy change despite dip in inflation
Reserve Bank of India’s governor Shaktikanta Das signalled he’s in no hurry to cut interest rates despite the recent softening in inflation in the world’s fastest-growing major economy. “Inflation has been brought within the target band of 2-6 per cent, but our target is 4 per cent,” Governor Shaktikanta Das said on Friday at a forum organized by The Bretton Woods Committee in Singapore. “And over the last several monetary policy meetings, we have been reiterating the importance to stay the course and not get carried away by some dips in inflation.”
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