yatheendradas c.k.
View Profile

FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 11:26 AM - Aug 11, 2019 ( ) Views: 92

More PSBs have announced linking their lending and deposit rates to the RBI's repo for facilitating faster transmission after the SBI did so in May. While Syndicate Bank has made several changes to its offerings on loans and deposit products, Bank of India, Union Bank and Allahabad Bank also said they are working on the modalities to launch similar products.
-Economic Times

To encourage banks and white-label ATM operators to set up more ATMs in rural areas, where penetration is currently low, the government should consider giving incentives such as extra interchange fee or subsidy in electricity and other support structure required to set up ATMs, according to a Director of the Confederation of ATM Industry (CATMi).
-Business Line

3 main state-run fuel retailers — Indian Oil Corpn, Bharat Petroleum Corpn & Hindustan Petroleum Corpn — are looking to turn used cooking oil into biodiesel fuels. The retailers are seeking leftover cooking oils from bulk consumers such as hotels across 100 cities, oil minister Dharmendra Pradhan said.The retailers will pay ₹ 51 per liter to buy used cooking oil in the first year, ₹ 52.7 in the second year and ₹ 54.5 in the third.
-Livemint


Login to participate in discussion.



Top Gainers

SKIPPER LIMITED 46.55 6.20 (15.37%)
PRAJAY ENG. SYN. LTD. 6.95 0.90 (14.88%)
R. S. SOFTWARE (INDIA) LI 19.75 2.55 (14.83%)
NAVKAR CORPORATION LTD. 25.90 3.25 (14.35%)
VIP CLOTHING LIMITED 13.15 1.55 (13.36%)
STERLITE TECHNOLOGIES LTD 118.00 13.80 (13.24%)
HINDUSTAN MOTORS LIMITED 5.70 0.65 (12.87%)
NETWORK18 MEDIA & INV LTD 20.45 2.15 (11.75%)
CEREBRA INT TECH LTD 25.00 2.60 (11.61%)
PRIME SECURITIES LIMITED 34.50 3.55 (11.47%)



Top Losers

SASTASUNDAR VENTURES LTD 87.10 -13.85 (-13.72%)
SHAH ALLOYS LIMITED 7.55 -1.10 (-12.72%)
APOLLO SINDOORI HOTEL LTD 718.50 -83.75 (-10.44%)
GUJARAT FLUOROCHEMICALS L 49.15 -5.45 (-9.98%)
HOUSING DEV & INFRA LTD 6.35 -0.70 (-9.93%)
CG POWER AND IND SOL LTD 9.65 -1.05 (-9.81%)
SAKTHI SUGARS LTD 7.00 -0.75 (-9.68%)
TARMAT LIMITED 21.75 -2.30 (-9.56%)
PRABHAT DAIRY LIMITED 50.95 -5.15 (-9.18%)
ORBIT EXPORTS LIMITED 99.30 -9.75 (-8.94%)