Banking On Budget

Indian Banks' Association to choose New CEO, Atul Kumar Goel tops the race

To appoint new CEO, a three-member search committee was formed including CS Setty, chairman of State Bank of India (SBI); MV Rao, CEO of Central Bank of India; and N Kamakodi, CEO of City Union Bank

Budget 2025: Banks expect incentives to boost deposit mobilisation

The Indian Banking Association has asked for certain tax rebates on the savings account in order to nudge customers to retain funds in this account

Budget 2024: Capital markets eyeing hike in STT on high-frequency traders

Union Budget 2024: The Securities Transaction Tax (STT) applies to every sale and purchase of equities listed on exchanges. The STT rate for selling options is 0.017%, while for futures, it is 0.01%

Nifty Bank hits fresh high post Budget boost; charts suggest further upside

Among individual stocks, Axis Bank, ICICI Bank, SBI may climb higher levels in coming sessions

Banking on Budget: Growth, job opportunities to be top priority for the FM

A liberal budget that cuts taxes and tries to improve ease of doing business will receive a good market response. A harsh Budget with higher taxes, new cesses, etc, will lead to a sell-off

Banking on Budget: The five areas of focus for FM Nirmala Sitharaman

Given the series of policy announcements made by Finance Minister Nirmala Sitharaman in the last 9 months it is reasonable not to expect more this time

Banking on Budget: Keeping an eye out for growth focus, PSU reforms

While the govt should try to push divestments, it should understand that reforms in the PSU space are very important if it wants to offload some its stake in the market