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bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for nonperforming assets (NPA) fell by 2.9% to ₹27,318.2 crore. For PSBs, it fell by 11.6% to ₹14,628.3 crore with half of them reporting a year-on-year drop in loan loss provisioning. PSBs, including Punjab National Bank, Central Bank of India and Indian Overseas Bank, recorded a 82-93% fall in the NPA provisioning. On the other hand, private sector banks showed 12.5% increase in NPA provisioning for the quarter to ₹12,690 crore, led by select banks including ICICI Bank, Axis bank, Kotak Bank, IDBI Bank and Federal bank. Three out of every four private sector banks reported a year-on-year increase in their NPA provisioning. As a result, their share in the quarterly NPA provisioning increased to 46.5% from 41.2% a year ago and 42.1% in the previous quarter.

Researchers at investment banks might be less popular than before, but that doesn’t mean that some banks aren’t interested in bolstering their offerings.

They haven’t been announced yet, but we want to know: how’s your bonus looking?

If you're working for a bulge bracket US investment bank, and you're thinking of moving to a European bank for lifestyle reasons, because yourworking hours are terrible, then I have one thing to say: don't. 

As often seems to be the case, Ajay Kumar's long tenure as a top trader in an investment bank, doesn't seem to have been perpetuated since he left to work on the buy-side.

Sebi) on Tuesday released a consultation paper and sought public feedback on suggestions made by the stock exchanges and merchant bankers to increase the application size for initial public offerings of small and medium companies. The above move comes in the wake of growing number of SME issues that has led to significant investor participation.

India looks for equity, balance and fair trade while negotiating a free trade agreement (FTA), Commerce and Industry Minister Piyush Goyal said on Tuesday. He asserted that India has entered into FTAs with countries which are transparent, open and where governments' economic systems align with India.

Spain's new immigration rules will allow for the regularisation of some 300,000 undocumented migrants per year over the next three years as the country seeks to expand its labour force, Migration Minister Elma Saiz told reporters on Tuesday. Unlike many of its European peers — such as Italy — Spain, led by a leftist minority coalition government, has been largely receptive to migrants. «Spain has to opt between being an open, prosperous country or being a closed and poor one, and we have chosen the former,» Saiz said, adding that the nation needs around 250,000 to 300,000 foreign workers a year «to sustain (its) welfare state».

SpaceX, a company founded by Elon Musk, to launch its newest communication satellite, GSAT-N2. This decision stems from the limitations of India's current launch vehicles, which cannot handle payloads exceeding 4,000 tonnes, as explained by former officials from the Indian Space Research Organisation (ISRO). The satellite was successfully placed into orbit by SpaceX's Falcon 9 rocket from a US launch site. Weighing 4,700 kg, the GSAT-N2 is a high-throughput satellite designed to boost broadband services and in-flight connectivity throughout India, according to NewSpace India Limited (NSIL), ISRO's commercial arm. Former ISRO chairperson K Sivan stated, «The satellite (launched by SpaceX) was a heavier one beyond the capability of ISRO launch vehicles, that's why it has gone outside.» He further explained that ISRO's current capacity is capped at four tonnes, falling short of the 4.7-tonne weight of GSAT-N2. However, Sivan assured that efforts are underway to increase the capabilities of ISRO launch vehicles.

HDFC Asset Management Company Ltd. 0.47 per cent to Rs 4198.95 in Tuesday's trade. It hit a high of Rs 4230.45 and low of Rs 4170.90 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4040, while the 50-DMA was at Rs 4405.71. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Dhananjaya de Silva will lead Sri Lanka in a two-match Test series away against South Africa later this month, the country's cricket board said Tuesday. The opening Test starts November 27 in Durban, followed by one in Gqeberha on December 5. The series is part of the ICC World Test Championships, where Sri Lanka are currently ranked third and South Africa fifth.

The NSE Nifty index was trading 271.96 points up at 23725.75, while BSE Sensex was 863.73 points at 78202.74 at the time of writing this report.

Canara Bank 2.44 per cent to Rs 100.50 in Tuesday's trade as of 10:45AM (IST). The stock hit a high price of Rs 101.25 and low of Rs 98.70 during the session. The return on equity (ROE) for the stock stood at 18.4 per cent. Traded volume on the counter stood at 10:45AM shares and turnover at Rs 2.22 crore around that time. The stock of Canara Bank quoted a 52-week high price of Rs 129.35 and 52-week low prices of Rs 77.84, respectively.

Tube Investments of India Ltd. 2.74 per cent to Rs 3529.55 in Tuesday's trade. It hit a high of Rs 3584.35 and low of Rs 3417.70 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3932.42, while the 50-DMA was at Rs 4156.31. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

The NSE Nifty index traded 237.71 points up at 23691.5, while BSE Sensex was 788.26 points at 78127.27 as of 10:03AM(IST)on November 19.

Forex traders said, however, sustained outflow of foreign funds and an upward movement in crude oil prices put pressure on the local unit and capped its sharp gain. At the interbank foreign exchange, the rupee opened at 84.39 and slipped further to 84.40 against the greenback, trading 2 paise higher from its previous close.

International Men’s Day is not just about the contributions men make, but about who they are at their core—their kindness, their big hearts, their courage, and their unwavering love.

M Nagaraju, secretary, department of financial services (DFS), expressed strong doubts about cryptocurrencies, urging caution over the asset class. Speaking at the SBI Banking & Economics Conclave, Nagaraju expressed personal and professional doubts about the legitimacy and safety of digital currencies.

political campaign for the Maharashtra assembly polls came to an end on Monday evening with political parties and political leaders repeating their assurances of freebies and continuing their attack on their rivals. The Mahayuti alliance and the Maha Vikas Aghadi spent their last day repeating what they have been saying over the last fortnight. Congress leader Rahul Gandhi addressed a press conference in Mumbai where he took on PM Narendra Modi's slogan, 'Ek hai to safe hai'. Gandhi brought out all the promises announced by the MVA that included Rs 3,000 to be paid to women and Rs 4,000 to educated unemployed youths and free bus travel for women to farm loan waivers.

Himachal Pradesh government completes two years in power on December 11, chief minister Sukhvinder Sukhu has decided to make a sharp political point through anniversary celebrations. His government will hold the celebrations in Bilaspur — the home district of BJP national president JP Nadda. Tiger is a famous nickname given to politicians in Jharkhand.

NIA on November 13 on the orders of the Ministry of Home Affairs (MHA). The agency took over the case diaries on Monday, the officials said. According to the NIA, the cases taken over by the NIA are related to the murder of a woman at Jiribam by fully-armed militants.