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Gold Silver Reports (GSR) – SBI Reports Loss Of Rs 7,718 Crore; Shares Rise On Stable Asset Quality – Shares of the country’s largest public-sector lender rose as much as 6.32 percent, the most in over six months, to Rs 259.90 after it reported March quarter earnings.
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Gold Silver Reports (GSR) – Spot gold was down 0.2% at $1,290 per ounce, as of 11.54am. In the previous session, it slid to $1,281.76, its lowest since 27 December. US gold futures for June delivery slipped 0.1% to $1289.8 per ounce.
Gold Silver Reports (GSR) – SBI Q4 Results today: SBI Too Will Post Q4 Loss, But How Much? — Punjab National Bank (PNB) has reported a record Rs13,417-crore loss for the March quarter (Q4). All eyes are now on State Bank of India (SBI), the nation’s largest lender. India’s largest lender State Bank of India (SBI) is seen reporting on Tuesday a quarterly loss for the second time in row. According to a poll of 14 analysts by Bloomberg, the bank is expected to post a Rs1,728 crore loss for the March quarter, or Q4.
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Gold Silver Reports (GSR) – NSE sues SGX on its Nifty-Based India Futures, Options — Indian exchanges had on 9 February decided to bar overseas exchanges from trading in Nifty derivatives, including futures and options, in an attempt to check migration of trades away from Indian exchanges. Two months later, on 11 April, SGX announced a new product which works just like the Nifty index, bypassing the Indian exchanges.