Basel Ill News Today

A bench comprising Chief Justice Sanjay V. Gangapurwala and Justice D. Bharatha Chakravarthy ordered the central bank to complete the exercise within a period of four months, keeping in mind the grievances of the shareholders and bondholders

RVNL, Zomato, GLT Infra, Dish TV, Power Grid, Punjab National Bank and IREDA saw rise in volumes. HDFC Bank, IRFC, Indus Towers, Reliance Industries, RVNL and IndusInd Bank were a few stocks leading the turnover chart on NSE.

Net interest margin (NIM) – a key measure of profitability – may be under pressure, though the asset quality is expected to be stable, analysts said.

On Wednesday, at close, BSE Sensex was trading 159.21 points down at 59,567.80 and Nifty50 was trading 41.40 points down at 17,618.75 -- aaa

Daily Market Commentary for April 19, 2023 - By Mr. Rajesh Sinha, Sr. Research Analyst, BONANZA PORTFOLIO LTD.

HDFC Bank Q4 Results: Net interest income (NII), or the difference between interest earned and interest expended, grew by 23.7 percent to Rs 23,351 crore from Rs 18,872 crore for the quarter ended March 31, 2023.

HDFC Bank's Q4 FY23 net interest income grows 23.7 per cent to Rs 23,351.8 crore, from Rs 18,872.7 crore a year ago

For the full year, net profit stood at ₹44,108.7 crore, up 19.3% YoY. Overall, in FY23, the bank posted a total income of ₹192,800.4 crore as against ₹157,263.0 crore for the year ended March 31, 2022.

U.S. stocks saw mild gains as traders awaited the Federal Reserve’s policy decision on Wednesday. Treasuries changed little at 3.56%, while two-year yields hovered near 4% for the time since 2007. The S&P 500 rose 0.4%, while the tech-heavy Nasdaq rose 0.3%. Meanwhile oil erased gains ahead of the U.S. Fed policy announcement even as supply chains faced heightened pressure from Russia’s threat to escalate the Ukraine war. Gold dropped 0.2%, whereas Bitcoin hovered around $19,000.

National Bank Ltd has decided to raise $100 million by issuing foreign currency-denominated subordinated bonds in order to strengthen its capital base under Basel Ill guidelines.