SBI

SBI allowed to buy stake in Yes Bank: Comments by Abhimanyu Sofat, Head Of Research, IIFL Securities

SBI allowed to buy stake in Yes Bank: Comments by Abhimanyu Sofat, Head Of Research, IIFL Securities

SBI has been allowed to buy stake in YES Bank. After the news, stock price of YES Bank jumped by 25 percent.

SELL SBI, Bank of Baroda and Tata Steel, BUY Ashok Leyland and Escorts: Ashwani Gujral

SELL SBI, Bank of Baroda and Tata Steel, BUY Ashok Leyland and Escorts: Ashwani Gujral

Market analyst Ashwani Gujral has given sell calls for two major PSU banks.

Indian Stock Market Outlook by Santosh Meena, TradingBells

Indian Stock Market Outlook by Santosh Meena, TradingBells

Indian markets traded range-bound on Tuesday after major fall on Monday. The markets could continue in the range and higher levels could see selling pressure.

SBI Home Loan's New Home Buyer Guarantee Scheme will boost Residential Real Estate: Anuj Puri – ANAROCK

SBI Home Loan's New Home Buyer Guarantee Scheme will boost Residential Real Estate: Anuj Puri – ANAROCK

SBI Home Loans introduced a new concept in residential real estate lending by offering refund of principal amount to home buyers in case a developer doesn't complete the project.

Another Downside Of Rs 100-150 In SBI Looks Imminent : Rahul Mohindar

Rahul Mohindar of Viratechindia said that there is a possible downside in SBI’s stock value.

He said that the stock will experience other downside of Rs 100-150 with a short-term to medium-term viewpoint.

Mr. Mohindar stated, “In SBI, there is a visible short opportunity clearly because the stock looks much overstretched, it has reacted from more than Rs 1700 levels on its way down. So, I think technically we would have achieved almost all targets on both shorter-term and longer-term counts.”

He doesn’t believe that the SBI stock can do much on the positive aspect.

SBI Jacks Up Personal & Car Loans

State bank of IndiaThe State bank of India announced on Wednesday that there’s going to be a small rise in rates for car loans and personal loans.

The MD of SBI said: “we have announced like in benchmark prime lending rates by 75basis points…Consequently, we will be raising rates by 75 basis points on an average.” Mr. Aggarwal added, “This interest rate cycle has peaked in economy and the rates are likely to stabilize at this level.”

SBI is going to raise interest rates in some schemes. SBI had also announced 0.75 % in its benchmark prime lending rate to 12.25% last month.

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