![Bank Nifty extends fall for 2nd day; SBI, HDFC, Axis, ICICI Bank down up to 2%](https://images.assettype.com/fortuneindia%2F2022-02%2Ffa991a39-70cf-460a-8fdd-e0fb0e7ca399%2FNSE_MG_2774_copy.jpg?rect=0,130,2880,1440&w=300&q=95)
Bank Nifty extends fall for 2nd day; SBI, HDFC, Axis, ICICI Bank down up to 2%
10 out of 12 Nifty bank stocks were trading lower, barring Federal Bank and AU Small Finance Bank.
10 out of 12 Nifty bank stocks were trading lower, barring Federal Bank and AU Small Finance Bank.
In the BSE Sensex pack, 11 out of 30 stocks ended in green on Budget day, led by Titan, ITC, Adani Ports, NTPC, and Infosys.
The focus will be on continuation of existing capex agenda in infra, railways, defence, and renewable space, says JM Financial.
This is the sixth infra bond issued by the PSU bank; the proceeds will be used for funding infrastructure and affordable housing segments.
The government should tweak the tax rate on interest earned from fixed deposits, says SBI's group chief economic adviser
Technology is a top priority for Indian banks as they look to improve services and expand in a competitive market.
Last month, PC Jeweller had also received a similar proposal from Union Bank of India to settle its outstanding dues.
India’s biggest lender banks on technology to grow in the face of onslaught by fintech players and private banks.
The public sector lender will raise the funds in one or more tranches through a public offer or a private placement of senior unsecured notes.
In the rate-sensitive space, the financial services sector was the top performer, with IIFL Securities, Bajaj Finance, Paytm rising up to 20%.