• Indian Indices
  • Global Indices
  • Commodities
  • Currency
Sensex
  • Sensex
  • Nifty
{{x.close_price| number:2}} {{x.netchg| number:2}} ({{x.perchg | number:2}}%)
Open - {{x.open | number:2}}
Prev Close - {{x.prevclose|number:2}}
Today's High - {{x.high|number:2}}
Today's Low - {{x.low|number:2}}
Advances/Declines (30 Companies)
  • 1D
  • 1W
  • 1M
  • 1Yr
  • 5Yr
{{x.upd_time}}
FTSE 100
  • FTSE 100
  • DJIA
  • NIKKEI 225
  • HANG SENG
{{x.Date}}
{{x.close| number:2}} {{x.Chg | number:2}} ({{x.PChg | number:2}}%)
Open - {{x.close | number:2}}
Prev Close - {{x.PrevClose|number:2}}
Gold
  • Gold
  • Silver
  • Crude Oil
  • Copper
{{x.Trd_Date}} ( {{x.Time}} )
{{x.ClosePrice| number:2}} {{x.change| number:2}} ({{x.perchange | number:2}}%)
Exchange - MCX
Open - {{x.Open|number:2}}
Exp Date - {{x.Exp_Date}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevClose|number:2}}
Today's Low - {{x.Low|number:2}}
USDINR
  • USDINR
  • GBPINR
  • EURINR
  • JPYINR
{{x.Lasttrdtime}} ( {{x.Time}} )
{{x.ltp| number:2}} {{x.PriceDiff| number:2}} ({{x.PerChange | number:2}}%)
Exchange - NSE
Open - {{x.Open|number:2}}
Exp Date - {{x.Expirydate}}
Today's High - {{x.High|number:2}}
Prev. Close - {{x.PrevPrice|number:2}}
Today's Low - {{x.Low|number:2}}
As On 22-Jan-2021 EOD, Market Closed
48,878.54
-746.22 (-1.50%)
NIFTY
14,371.90
-218.45 (-1.50%)
SENSEX
    No Companies Visited

Back to news list
  • Banks, financial stocks climb after RBI IWG's suggestions on private sector banks

    Shares of bank and financial companies climbed after a panel set up by the Reserve Bank of India (RBI) recommended raising the cap on the stake of private bank promoters to 26% from the current 15% in the long run.

    RBI had constituted an Internal Working Group (IWG) on 12 June 2020 to review extant ownership guidelines and corporate structure for Indian private sector banks. The central bank released the groups' report on Friday.

    IWG has recommended that the cap on promoters' stake in the long run (15 years) may be raised from the current level of 15% to 26% of the paid-up voting equity share capital of the bank.

    As regards non-promoter shareholding, a uniform cap of 15% of the paid-up voting equity share capital of the bank may be prescribed for all types of shareholders, IWG recommended.

    It further proposed allowing large corporate/industrial houses as promoters of banks, but only after necessary amendments to the Banking Regulation Act, 1949 and strengthening of the supervisory mechanism for large conglomerates, including consolidated supervision.

    IWG recommended that well run large non-banking finance companies (NBFCs), with an asset size of Rs 50,000 crore and above, including those which are owned by a corporate house, may be considered for conversion into banks subject to completion of 10 years of operations and meeting due diligence criteria and compliance with additional conditions specified in this regard.

    The working group further suggested that the minimum initial capital requirement for licensing new banks should be enhanced from Rs 500 crore to Rs 1000 crore for universal banks, and from Rs 200 crore to Rs 300 crore for small finance banks.

    After RBI unveiled IWG report, the Nifty Bank index jumped 1.15% to settle at 29,236. The index rose 2.29% from the day's low of 28,580.90 hit in mid-morning trade. The index has rallied 22.32% so far in November.

    Kotak Mahindra Bank (up 3.05%), HDFC Bank (up 2.23%) and SBI (up 0.94%) advanced.

    As of 30 September 2020, Uday Kotak, promoter of Kotak Mahindra Bank, held 26.04% stake in the private bank.

    The Nifty Financial index rose 1.7% to 14,210.50 today. The index is up 22% this calendar month so far.

    Bajaj Finserv (up 9.27%), Bajaj Holdings (up 4.73%), Bajaj Finance (up 3.98%), Shriram Transport Finance (up 2.33%) and Cholamandalam Investment and Finance (up 1.23%) rallied.

    Back to news list
Previous Stories :
More
Hot Pursuit News

Quick Links

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Capital Market Publishers India Pvt. Ltd.

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071.
91-22-25229720
91-22-25230011
Kindly note www.capitalmarket.com does not send any mobile SMS, whatsapp or twitter messages
giving any kind of stock recommendations.
For Capital Market Magazine queries mail to : subscription@capitalmarket.com
For Capital Market Online Products related queries mail to : financeshop@capitalmarket.com
For any other Capital Market Website related Queries mail to : info@capitalmarket.com
To advertise on Capital Market Websites & Capital Market Fortnightly magazine mail to : advt@capitalmarket.com
Flash News 22-Jan-2021
  •  ( 17:23) Yes Bank Q3 PAT rises to Rs 150.71 cr  
  •  ( 15:20) SBI Life Q3 PAT drops 40% YoY  
  •  ( 15:19) Mphasis Q3 PAT up 9% QoQ to Rs 326 crore  
  •  ( 15:18) Cyient Q3 PAT up 13.8% YoY to Rs 95.4 crore  
  •  ( 15:18) Westlife Development Q3 PAT tumbles 64% YoY  
  •  ( 15:18) Supreme Petrochem Q3 PAT soars to Rs 172 cr  
  •  ( 15:18) SBI Card Q3 PAT slides 52% YoY  
  •  ( 15:17) Biocon Q3 PAT drops 17% YoY to Rs 169 crore  
  •  ( 14:33) Mphasis Q3 PAT up 9% QoQ to Rs 326 crore  
  •  ( 13:37) Euro. stocks open lower as ECB keeps rates same, says ‘stands ready’ to act  
  •  ( 13:36) European stocks open lower as ECB keeps rates same, says ‘stands ready’ to act  
  •  ( 13:36) The Nifty index trades below 14,500; India VIX up 3%  
  •  ( 13:35) Indices at day's low; weak market breadth  
  •  ( 12:30) Adani Total Gas acquires 5% stake of IGX from IEX for Rs 3.69 cr  
  •  ( 11:53) NTPC commissions Unit-III of 150 MW of Kameng Hydro-Electric project  
  •  ( 11:42) Alembic Pharma receives USFDA approval for orthostatic hypotension tablets  
  •  ( 11:33) MCX consol. Q3 PAT up 29.2% Y-o-Y to Rs 71.80 cr  
  •  ( 11:32) Asian markets trade lower  
  •  ( 11:32) Nifty slips below 14,500  
  •  ( 11:32) Benchmarks hit day's low  
  •  ( 10:47) Nifty slips below 14,600 mark  
  •  ( 10:46) Indices trade sideways with losses  
  •  ( 10:24) SRF consol. Q3 PAT down 5.3% Y-o-Y to Rs 324.73 cr  
  •  ( 09:57) JK Tyres & Industries consol. Q3 PAT up 20-fold Y-o-Y to Rs 230.66 cr  
  •  ( 09:25) Positive market breadth  
  •  ( 09:21) Shalimar Paints CFO Ashish Kumar Bagri resigns from role w.e.f Jan. 21  
  •  ( 09:18) Market drops in early trade  
  •  ( 08:13) S&P, Nasdaq close at record highs  
Show News
22 January 2021 00:00
2596.75
(-4.34 %)
644.50
(-4.63 %)
4094.10
(10.45 %)
4967.45
(-2.92 %)
9073.70
(0.28 %)
576.85
(-0.71 %)
5033.80
(-0.37 %)
2589.30
(-2.76 %)
985.45
(-0.77 %)
1443.65
(-2.05 %)
2408.75
(1.76 %)
533.55
(-3.39 %)
893.40
(-3.55 %)
1340.45
(0.09 %)
210.65
(-1.40 %)
1831.20
(-1.48 %)
1363.15
(-0.50 %)
798.35
(-0.97 %)
8045.10
(-0.35 %)
17580.15
(-0.76 %)
94.10
(-2.13 %)
92.80
(-2.21 %)
194.00
(-0.51 %)
2049.65
(-2.30 %)
283.75
(-3.80 %)
575.05
(-1.34 %)
3303.40
(0.87 %)
980.25
(-2.34 %)
1490.00
(-1.75 %)
5531.15
(-0.22 %)
Sensex 5min and Nifty 15min delayed as on .
Show Ticker
Rotate your device

Rotate your device

For the best experience please go back to portrait mode.