MONEY & BANKING
STOCKS
IL&FS Investment Managers: Buy
The rising funds under management could scale up earnings growth in the current year.
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Union Bank of India: Buy
Strong thrust on SME and farm credit as also prudent asset management are likely to improve Union Bank's profitability, while progress in fee income remains a challenge.
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HOUSING FINANCE
LIC Housing Fin to launch deposit scheme
To focus on projects sector
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PUBLIC SECTOR BANKS
PNB board ratifies PLR hike
The board of Directors of Punjab National Bank (PNB) on Saturday ratified a recent decision of the bank to hike its benchmark prime-lending rate (PLR) by 25 basis points to 11.5 per cent from August 1. "The board has today endorsed the decision ...
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SBI goes to China; `looking at it as a long-term prospect'
Launches commercial banking operations in Shanghai
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INTEREST RATES
Flagging the Fed
I think that uncertainty lingers on. What we do know is that the Fed seems to be signalling that it will be pausing, at least for a while. The Fed acknowledges that inflation had been a little higher, but its belief is that the ...
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GOVT BONDS
RBI announces Rs 8,000-cr G-Sec sale
The Union Government has announced the sale of 8.07 per cent 11-year 2017 Government security for a notified amount of Rs 5,000 crore and the 8.33 per cent 30-year 2036 G-Sec for Rs 3,000 crore. Both would be sold through price-based auctions ...
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