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Banks Appointment Panel Recommends Dinesh Kumar Khara For SBI Top Job
Reuters | Saturday August 29, 2020, MumbaiSBI reported an 81 per cent surge in profit and better asset quality in the quarter to June as its bad loan provisions dropped. It provided a steady outlook for the coming quarters. -
Accelerating Ease Of Doing Business, Insurers Must Make Claims Painless: Government
ANI | Saturday August 29, 2020, New DelhiMinister of State for Finance and Corporate Affairs Anurag Thakur said that the post-COVID world will be very different and India's insurance sector must gear up to seize the moment. -
Top Court To Hear Fresh Plea On Extension Of Loan Moratorium Till Year-End
Edited by Abhik Deb (with inputs from agencies) | Friday August 28, 2020A three-judge bench ordered tagging of the fresh plea filed by lawyer Vishal Tiwari with the earlier pending petition on the issue -
Banks Board Bureau Recommends Dinesh Kumar Khara As Next SBI Chairman
Edited by Abhik Deb | Friday August 28, 2020The bank is currently headed by Rajnish Kumar, whose tenure is slated to end on 7 October -
Recovery Hopes For Economy Dashed Due To Rapid Surge In Virus Spread: Poll
Reuters | Friday August 28, 2020The Indian economy likely contracted by 18.3 per centin the first quarter this year, according to a poll of economists -
Sensex, Nifty End At Six Month Highs Led By Gain In Banking Shares
Written by Abhishek Vasudev | Friday August 28, 2020Eight of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty PSU Bank index's nearly 5 per cent gain. -
Rupee At Nearly 6-Month Closing High Of 73.40 Against Dollar
Edited by Sandeep Singh (with inputs from agencies) | Friday August 28, 2020Rupee Vs Dollar Rate: Analysts say weakness in the dollar overseas and gains in domestic equity markets amid strong foreign fund inflows supported the rupee. -
Rating Agencies Upgrade Yes Bank Bonds On Improved Liquidity, Shares Rise Nearly 5%
Edited by Abhik Deb (with inputs from agencies) | Friday August 28, 2020Yes Bank shares hit the intra-day high of Rs 15.41, up 4.75 per cent from the previous closing in early trade -
Sensex Surges Over 450 Points, Nifty Tops 11,650 Powered By Banks
Written by Abhishek Vasudev | Friday August 28, 2020Banking shares were witnessing strong buying interest as the gauge of banking shares on the National Stock Exchange rose 3%. -
Recovery Hopes Dashed For India's Recession-Hit Economy: Poll
Reuters | Friday August 28, 2020Indian economy likely shrank 18.3 per cent during that period, according to the August 18-27 poll of over 50 economists. -
Rupee Hits Over 5-Month High On Dollar Inflows; RBI Eyed
Reuters | Friday August 28, 2020The partially convertible rupee rose to a high of 73.5150 per dollar, its strongest since March 5. It had closed at 73.83 on Thursday. -
Gold Price Today: Domestic Gold Futures Move In Rs 350 Range As Global Rates Inch Higher
Edited by Sandeep Singh (with inputs from agencies) | Friday August 28, 2020At 11:22 am, the MCX gold futures contract quoted at Rs 50,972, up Rs 70 - or 0.14 per cent - compared to its previous close. -
Rupee Opens Flat Against US Dollar
Press Trust of India | Friday August 28, 2020, MumbaiThe dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19 per cent to 92.82. -
Crude Oil Price Steady As US Companies Avoid Worst Of Storm
Reuters | Friday August 28, 2020, SingaporeBrent crude futures for October, set to expire on Friday, rose 2 cents to $45.11 a barrel, heading for a 1.7 per cent weekly gain. -
Spot Gold Recovers Some Ground As Slowdown Fears Persist Amid COVID-19
Reuters | Friday August 28, 2020Rising coronavirus cases has cast a shadow on hopes of quick economic recovery and has prompted central banks to reduce interest rates and loosen their monetary stance, helping gold prices climb 28 per cent so far this year.
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