His trusted partner, Charlie Munger, echoed the views, too, over the years. “It’s hard to run a bank intelligently,” Munger told an interviewer once. “There’s a lot of temptation to do dumb things which will make the earnings next quarter go up, but are bad for the long term.” For a duo as unimpressed by…
Ever since RBI slashed repo rate last month, banks have been revising their fixed deposit interest rates. After State Bank of India (SBI) and IDBI Bank, the banks which have revised their fixed deposit interest rates are Bank of Baroda (BOB) and Kotak Mahindra Bank. Now, Bank of Baroda offers an interest in the range…
Here’s a quick look at stocks likely to be in focus in today’s trade. DMart Avenue Supermarts, which operates DMart, announced its Q4 FY2025 results, showing a 2.6% year-on-year increase in standalone net profit to ₹619.71 crore. Indian Hotels, Mahindra & Mahindra, Coforge Shares of Indian Hotels, Mahindra & Mahindra and Coforge will remain focus…
Q4 results today: The earnings season has entered the second month with major companies, including tech giants TCS, HCL Tech, and Infosys, as well as leading banks such as HDFC Bank, ICICI Bank, and Yes Bank, have already declared their financial results for the quarter/year ended March 31, 2025. According to the BSE calendar, India’s…
Applying for a personal loan with Kotak Mahindra Bank is a simple and streamlined process, especially for salaried individuals. The bank has outlined specific documentation requirements to facilitate quick and efficient loan processing. If you are looking to avail of a personal loan, you can submit your application to any leading financial institution. Kotak Mahindra…
Before opening a fixed deposit (FD) account with a bank, it is better to compare the interest rates offered by different lenders. Higher the interest offered, greater the income for the depositor. Someone who deposits ₹5 lakh in a fixed deposit (FD), an extra 50 basis point interest offered on it leads to an extra…
Focus on “short-termism” at the leadership level is a worrisome trend in the financial services sector, according to Uday Kotak, founder and non-executive director, Kotak Mahindra Bank. “What I’m beginning to find in the banking sector is much more short-termism. But what the banking sector truly requires is a mindset of continuity and perpetuity, and…
Most stories were about companies supplying either goods or services to a government or a quasi-government entity, maybe for highways, railways, power, defence or something of that kind. This was not surprising, as for the last few years, India’s economy has been running on a single engine of government expenditure. So naturally a lot of…
Stock Market news: Broad-based selling on February 28 led to Nifty 50 and Sensex recording their worst intraday performance of the calendar year so far. The Nifty 50 closed the session with a 1.85% decline at 22,128 points, marking its steepest single-day drop of 2025. Similarly, the Sensex saw its sharpest intraday decline of the…
52 Week Low Stocks Today on February 19, 2025: Shares of Godrej Consumer Products, Timken India, Au Small Finance Bank, Varun Beverages, Indian Overseas Bank hit their fresh 52 wk lows today. Nifty 50 was up by 74.45(0.32%) points and Sensex was up by 0.71(0.0%) points at 19 Feb 2025 10:59:58 IST. Bank Nifty was…
