General Trading Chat

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traderniftybull

Well-Known Member
#53,932
#53,932
SBI reduces term deposit rates by up to 50 bps

Country’s largest lender State Bank of India has cut its term deposit rates by up to 50 basis points for various maturities.

The rates have been revised for medium and long term deposits and for amount below Rs one crore.

According to the new structure, for two to less than three years deposits, SBI will offer a rate of 6.25 per cent as compared to 6.75 per cent earlier, the bank said. For the similar maturity, the deposit rates for senior citizen have been cut to 6.75 per cent from 7.25 per cent.

For deposits maturing between three years and 10 years, the rates have been lowered by 25 basis points to 6.50 per cent.

The lender will be offering the new rates for fresh deposits and renewals and are applicable from April 29, 2017.

The short term deposits, that is, for deposits maturing between seven days to less than two years, the rates have been left unchanged.

The bank is offering highest rates of 6.90 per cent for one year to 455 days term deposits.

SBI has also not changed its marginal cost of funds based lending rates. Its one-year MCLR is at eight per cent.

http://www.thehindu.com/business/In...sit-rates-by-up-to-50-bps/article18346691.ece
 
T

traderniftybull

Well-Known Member
#53,933
#53,933
I do not remember in which thread someone has posted, that SBI has taken back notification on penalty charges for not maintaining minimum monthly balance.

Just to inform, no such (taken back) notification has been issued by SBI, as just received an sms from SBI, to maintain minimum monthly balance (of 5000 R for cities), otherwise failure to do so, will attract minimum penalty of 50 R and a max of 100 R plus ST.
 
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A

aja

Well-Known Member
#53,936
#53,936
traderniftybull said:
I do not remember in which thread someone has posted, that SBI has taken back notification on penalty charges for not maintaining minimum monthly balance.

Just to inform, no such notification has been issued by SBI, as just received an sms from SBI, to maintain minimum monthly balance (of 5000 R for cities), otherwise failure to do so, will attract minimum penalty of 50 R and a max of 100 R plus ST.
Click to expand...
On 28th and 29th April,I visited SBI.
Few people visited the branch to open new account.The authorized SBI Babu were telling them that its mandatory to maintain 5k balance for any a/c(New or Existing).
 
timepass

timepass

Moderator
#53,937
#53,937
Tata Motors sales decline 21% to 30,972 units in April

By PTI | Updated: May 01, 2017, 06.04 PM IST

NEW DELHI: Tata Motors today reported a 21 per cent decline in total sales in April at 30,972 units as compared to 39,389 units in the same month last year.

Domestic sales of Tata Motors' commercial and passenger vehicles declined by 19 per cent to 28,844 units in April, as compared to 35,604 units in the same month of the previous year.

Sales of passenger vehicles in the domestic market grew 23 per cent to 12,827 units last month.

"While the industry faced short-term headwinds further to the BS III verdict, Tata Motors continued its robust sales performance with a growth of 23 per cent in April led by a strong pipeline for Tiago and a positive response for our new lifestyle UV - Tata HEXA," Tata Motors President Passenger Vehicles Business Unit Mayank Pareek said in a statement.

The company has completed the launch of Tata Tigor across the country and is delighted that it has been well received by customers, he added.

In the commercial vehicles segment, the company's domestic sales were down 36 per cent at 16,017 units, the auto major said.
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The company said its commercial vehicles were affected by the Supreme Court judgement on March 29, banning sales of BS- III vehicles, leading to the need for a higher quantity of BS-IV stock for April sales.

"The higher demand at short notice, was not met in production, as vendors struggled to meet with the higher demand, especially in the MHCV segments," it added.

Moreover, after the strong pre-buying of BS-III vehicles in March, and the price increase of BS-IV vehicles especially in the MHCV and buses, demand for BS-IV vehicles was also weak, the company said.

"This is an unusual decline, in exceptional circumstances," Tata Motors said.

The company expects production, wholesales and retails to pick up in May and June, it added.
http://economictimes.indiatimes.com...30972-units-in-april/articleshow/58461077.cms
Click to expand...
The same news presented in a different way elsewhere...

Maruti, Honda, Toyota kick off new fiscal with a bang
 
T

traderniftybull

Well-Known Member
#53,938
#53,938
traderniftybull said:
BNF

Congestion zone at 22433/444
Should reach there

If trades above 22299.

But must sustain above 22277
Breaching of and sustaining below 22277, could be a danger bell for bulls.
Click to expand...
On 28.4, BNF opened at 222275, did an high of 22299.8 and then fell again and once below 22277 did a low of 22204. And again on moving above 22299 did an high of 22392, just few points below the congestion zone.

Now,
Congestion zone is still there at 22433/444,
Should reach there

If trades above 22344
But must sustain above 22299.
 
T

traderniftybull

Well-Known Member
#53,940
#53,940
traderniftybull said:
NF

Congestion zone at 9390/99
Should reach there

If trades above 9333.

But must sustain above 9325 (or 9310 to say the least)
Breaching of and sustaining below 9310, could be a danger bell for bulls. :D
Click to expand...
On 28.4, NF opened at 9353, did an high of of 9353.8 and start sliding but tried to sustain above 9325, but once below 9325 did a low of 9313, just above 9310, the crucial point for bulls. And once above 9325, maintained to stay above 9325, did an high of 9358.8 and traded last at 9330.

Now,
Congestion zone is still there at 9390/99,
Should reach there

If trades above 9325
But must trade above 9310 for a bull move.
 
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