“Breaking the spread into named components, such as credit risk premium, operating cost, term premium, business strategy premium, makes comparing that of banks and NBFCs, possible for the first time,” he said, adding that the draft standardizes how pricing gets disclosed more than what gets charged.
Rupee#CAD#Economic crisis#Food Bill
Shares of IC Electricals made a blockbuster D-Street debut on Friday, listing at a 68% premium over the IPO price. The stock opened at Rs 166 apiece on the NSE SME platform, compared with its issue price of Rs 99. The debut exceeded unlisted market expectations. Ahead of the listing, the company’s shares were commanding…
The Bharatiya Mazdoor Sangh (BMS) said that it will hold demonstrations across India on 17 August, to push for workers’ demands and pressure the government, PTI reported. The trade union has listed among other things higher minimum pension, variable dearness allowance (DA), and employees’ provident fund (EPF) ceiling as issues, the report added. BMS on…
Shares of Astra Microwave Products rallied nearly 14% on Friday after the defence electronics player announced that it has won a domestic order worth more than Rs 2,205 crore from Hindustan Aeronautics (HAL). Shares of the company surged to a fresh 52-week high of Rs 1,960 apiece on Friday morning, with the stock on track…
Axis Bank on Wednesday said it has raised USD 300 million (about Rs 2,850 crore) by selling bonds to overseas investors to fund business growth. The bank has successfully allotted USD 300 million in senior notes at a coupon of 5.348 per cent, the bank said in a regulatory filing. The said notes will be…
With the 31 July deadline for filing income tax returns approaching, salaried taxpayers still have the option to review their tax regime and choose between the old and new tax regimes. Although the new tax regime is the default option, taxpayers can switch between the two regimes at the time of filing their return and…