recent news in indian banking sector

Stocks to Focus Today – HDFC, Tata Motors, Adani Enterprises, Maruti, Hero MotoCorp, Britannia Industries

5Apr

By Nikita DhyaniNo Comments

Business, Finance

Stocks to Focus Today – HDFC, Tata Motors, Adani Enterprises, Maruti, Hero MotoCorp, Britannia Industries

HDFC Stocks to focus of HDFC Individual loan business continued to improve during the quarter ended 31 March 2021. Tata Motors Tata Motors has shifted its defense business to Tata Advanced Systems for an upstream consideration of ₹ 227.7 crores. The transfer has been completed through the sale of a recession as per the scheme of arrangement approved by the National Company Law Tribunal in Mumbai and Hyderabad. Also, read | Microsoft Soon To Launch Tech Hub In Noida Adani Enterprises Adani Road Transport (ARTL), a wholly-owned subsidiary of Adani Enterprises, has received an award letter for the development of the six-lane Badkumari - Karki section of NH-130-CD Road under the Raipur-Visakhapatnam Economic Corridor in Odisha. Adani Enterprises, along with its...

India Shortlists Four Banks for Potential Privatisation – sources

India’s government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore up government revenues, three government sources said. Privatisation of the banking sector, which is dominated by state-run behemoths with hundreds of thousands of employees, is politically risky because it could put jobs at risk but Prime Minister Narendra Modi's administration aims to make a start with second-tier banks. The report said two of these banks will be selected for sale in the next financial year, 2021-22, starting April. Privatisation of these banking behemoths employing thousands may put jobs at risk, but this would let the government test the waters in the first round before moving on to bigger banks, it added. The government, how...

SBI’s Household Loan Cross Rs 10 Lakh Crore Over 5 Years

Khera said SBI was the country's cheapest home loan provider with an NPA of less than 1 percent, even during COVID. "We will get to the next Rs 5 trillion much faster than the 10 years it took us initially. We are targeting a (home loan) portfolio of Rs 7 lakh crore in three years and Rs 10 lakh crore in five years,” Khara said in a press conference. Despite a massive setback to the real estate sector triggered by the pandemic-induced lockdown, the home loan vertical registered strong growth even in December 2020 with the highest sourcing, sanctions, disbursements, and growth. The bank is now targeting a home loan AUM of Rs 7 lakh crore by 2023-24. SBI is extending builder loans and also approving their projects in anticipation that offtake will improve. When it comes to build...