Gap Financial News

Subscribe to enjoy similar stories. Mumbai: DCB Bank, one of India’s smallest private sector lenders, wants to play it safe. It is keeping a distance from unsecured loans, and banking on small businesses and individuals to improve its fledgling deposit ratios.

certificates of deposit (CD) to finance demand for credit, as mobilising traditional deposits remains a challenge. Funds raised by issuing these typically short-term financial instruments grew 57% till November 15 this fiscal year to more than ₹6 lakh crore, compared with around ₹3.9 lakh crore a year earlier, according to Reserve Bank of India data. Outstanding CDs at the end of November 15 totalled ₹4.89 lakh crore. In the first 15 days of November, banks issued CDs worth ₹46,552 crore. «This increase is to meet banks' funding requirements to manage the gap between the credit offtake and deposit growth,» said Saurabh Bhalerao, associate director-BFSI research at CARE Ratings.

Swiss Re Institute report «Changing climates: the heat is (still) on», the Philippines and the US are the most economically vulnerable among 36 countries analyzed. This vulnerability is driven by the increasing severity of weather-related catastrophes like floods and tropical cyclones.

Shree Cements Ltd. traded at Rs 27160.95 on BSE at 12:03PM (IST) on Wednesday, 0.02 per cent from previous close. The scrip quoted a 52-week low price of Rs 23500.15 and a high of Rs 30710.15.

Tube Investments of India Ltd. traded at Rs 3621.35 on BSE at 12:19PM (IST) on Wednesday, 0.02 per cent from previous close. The scrip quoted a 52-week low price of Rs 3258.95 and a high of Rs 4807.05.

REC Ltd. traded at Rs 550.75 on BSE at 10:15AM (IST) on Wednesday, 2.05 per cent from previous close. The scrip quoted a 52-week low price of Rs 376.40 and a high of Rs 653.90.

Canara Bank 1.28 per cent to Rs 106.50 in Wednesday's session as of 10:20AM (IST) even as the equity benchmark Sensex traded 329.82 points at 81175.57. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 129.35 and a 52-week low of Rs 82.66 on NSE. Around 496606 shares changed hands on the counter till 10:20AM (IST).

Subscribe to enjoy similar stories. Natco Pharma Ltd isn’t your run-of-the-mill pharmaceutical company. It’s a story of calculated risks, high-stakes bets, and a fair bit of drama.

Sebi has proposed an online monitoring mechanism for system audits of stock brokers to cut down on technical glitches. In a consultation paper released on Tuesday for public comments, Sebi said it aims to address gaps in the current audit processes, including poor quality, lack of physical site visits by auditors, and inadequate sampling techniques.

Bharat Forge Ltd. traded at Rs 1341.00 on BSE at 12:22PM (IST) on Tuesday, 0.17 per cent from previous close. The stock quoted a 52-week low price of Rs 1063.40 and a high of Rs 1826.20.

Punjab National Bank 0.4 per cent to Rs 104.50 at 12:04PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 446,030 shares with a turnover of Rs 4.67 crore till 12:04PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 8.30, while the price-to-book value ratio stood at 1.34.

MphasiS Ltd. traded at Rs 2998.40 on BSE at 11:23AM (IST) on Monday, 0.76 per cent from previous close. The scrip quoted a 52-week low price of Rs 2180.05 and a high of Rs 3186.95.

Subscribe to enjoy similar stories. Poll managers in the BJP must be heaving a sigh of relief: the underwhelming gross domestic product (GDP) data for the July-September 2024 quarter has been released well after the Maharashtra assembly polls were done and dusted. Logging disappointing year-on-year growth of 5.4%, the GDP data print for the second quarter of 2024-25 is not only much below consensus estimates from leading economists and analysts, but also offers a contrast from the economic narrative presented by top bureaucrats and economic administrators.

Belgium is granting sex workers full labor rights, including health insurance, paid leave and pensions, starting Sunday

Subscribe to enjoy similar stories. Leading members of the US political and economic establishment are either ecstatic or nervous about Donald Trump’s second term, depending on their respective world-views. Many imponderables cloud the horizon, given some of the unknown quantities in the Trump cabinet or the difficulty in predicting the gap between pre-poll rhetoric and actual policy roll-out.

State Bank of India (SBI) on Saturday said it has launched a nation-wide drive to raise awareness about the importance of inoperative account activation. A savings or a current account is treated as inoperative if the customer has no transaction in the account for a period of over two years. Activation of these accounts requires Re-KYC. Necessity of regular transactions in the account and preventing categorization into in-operative was the key message, SBI said in a statement.

«Terrorists always try to strengthen their security protocol. They minimise communication which creates gaps in intelligence gathering. »But, all the agencies analyse whatever inputs they get to identify their hideouts and their supporters so as to neutralise them," Yadav said.

job markets differently across OECD countries, exacerbating existing urban-rural income and productivity gaps as well as the digital divides between regions, according to a new OECD report. Job Creation and Local Economic Development 2024 finds that, following a decade of employment growth, over half of OECD regions had reached employment rates above 70 per cent by 2023, with more women joining the workforce, narrowing the gender gap in labour force participation in 84 per cent of OECD regions. The employment boom has also led to regional labour shortages and gaps, particularly in densely populated urban regions such as Lombardy (Italy) and Hamburg (Germany), as well as in regions struggling with population decline and ageing.

Manchester City will play Liverpool in the top-of-the-table clash of English Premier League on Sunday. This will be Liverpool's home game but City will need to win the match to narrow the 8-point gap from leader Liverpool. The EPL soccer match between Manchester City and Liverpool is scheduled to kick off at 11 am (ET) on Sunday, December 1 at Anfield. One can watch live streaming of Liverpool versus Manchester City at NBC.com. The game will be live telecast at USA Network. Manchester City is likely to be defeated by Liverpool.

Pidilite Industries Ltd. traded at Rs 3054.95 on BSE at 12:37PM (IST) on Friday, 0.31 per cent from previous close. The scrip quoted a 52-week low price of Rs 2475.15 and a high of Rs 3414.40.

ICICI Lombard General Insurance Company Ltd. traded at Rs 1868.85 on BSE at 11:32AM (IST) on Friday, 0.09 per cent from previous close. The stock quoted a 52-week low price of Rs 1354.80 and a high of Rs 2285.85.