Top market movers: Eight of top-10 firms lose Rs 79,129 crore in value; Bajaj Finance, ICICI Bank lead weekly drag

Top market movers: Eight of top-10 firms lose Rs 79,129 crore in value; Bajaj Finance, ICICI Bank lead weekly drag

The combined market capitalisation of eight of India’s 10 most-valued companies fell by Rs 79,129.21 crore last week, with Bajaj Finance and ICICI Bank taking the sharpest hit amid a broadly weak trend in equities, PTI reported. The BSE benchmark dropped 444.71 points, or 0.51%, during the week. Among the top-10 pack, only Reliance Industries…

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RBI risk guardrails: SBI, HDFC and ICICI keep D-SIB tag; what do higher capital buffers mean for them?

RBI risk guardrails: SBI, HDFC and ICICI keep D-SIB tag; what do higher capital buffers mean for them?

India’s three largest lenders — State Bank of India, HDFC Bank and ICICI Bank — will continue to be treated as domestic systemically important banks (D-SIBs), the Reserve Bank said on Tuesday, underscoring their critical role in the financial system and the need for stronger capital cushions. The designation requires the lenders to maintain higher…

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