Monthly Archives: November 2018

Charges will be charged on withdrawing money from checks and ATMs

stock market news

Mumbai-Bank consumers are now going to face big losses of goods and services tax (GST). This will give tax on all types of transactions inside or outside the bank. From redemption of cash to ATM cash withdrawal, additional money is required to be paid.
This will also eliminate the free facility available to customers at the bank and ATM. Now customers can make free transactions from their bank’s ATM five times. After the new system is implemented, these free transactions will be over. Banks have to pay about Rs 40,000 crore to these services.

Besides this, the bank also wants to increase the non-banking transaction fee on ATM from Rs 18 to Rs. This can be up to 25 rupees. This fee was fixed in 2012 and there has not been any change since then. The cost of a transaction from ATM comes to 23 rupees a day. At present, all banks deduct 15 rupees for cash transactions on ATM and Rs 5 for non cash transactions.

Srinivasan, director of CATMI, said the cost of ATM operators has already increased significantly. According to the rules of the Reserve Bank created for the cash van, the companies managing cash should have at least 300 cash vans, one driver in each cash van, two custodian and two gunmen guards to secure the cash.

Simultaneously, in every vehicle, GPS should be aware of ground mapping and live police station with live monitoring so that help can be taken at the time of emergency. The free services on which banks have proposed to install 18 percent GST include the use of check books, ATMs, additional credit cards and petrol-diesel card refunds.

Reserve Bank of India’s use of funds in banks for repatriation


In the dispute between the Mumbai-Government and the Reserve Bank of India (RBI), former Chief Economic Advisor Arvind Subramanyam has strongly supported the Government’s side. Subramaniam said that the RBI has surplus capital of Rs 4.5 lakh crore to Rs 7 lakh crore, which can be used in recapitalization of banks. Due to the increasing problem of NPA, government banks are facing pressure and the government has announced a recapitalization package of Rs 2.11 lakh crore to help them.
He said that this work should be done by the RBI itself and not without any interference from outside. Subramaniam said that his suggestion is against the idea of the former and current officials of the RBI, who believe that the surplus capital is not required to be given to the RBI. But he thinks wrong.
Talking before the publication of his book ‘Off Council: The Challenges of Modi-Jaitley Economy’, he said, “These officers have the respect of people and this is due to good reasons. Margaret Thatcher used to say that ‘a man and a truth are the majority’.
He said, ‘Banks need more money to improve. It is possible that the government will need Rs 3 to 5 lakh crore to do this. It is in addition to the amount already spent so that the condition of the government banks can be corrected. Subramaniam said that in such a situation there is only one public enterprise, which has enough cash to complete it and it is RBI.

52 Week High Breakout (30/11/2018)

DRREDDY 2722.20

Higher Delivery Quantity (30/11/2018)

RKFORGE 1653445 7161 549
BIRLACORPPN 251509 11184 617.40
LALPATHLAB 375615 20611 862.45
MHRIL 367707 27454 202
AUBANK 2341421 195103 568.25
SIEMENS 5433961 502048 950.65
HSCL 1691686 184271 132.15
RELAXO 60267 6884 751.55
THYROCARE 259595 30253 545.65

Market stagnation

stock market news

MUMBAI: Before the arrival of GDP data, the stock market got to see slowdown on Friday. Concerns about the meeting of Trump and Shi Jinping meeting in the G20 on the market clearly showed. Show pressure on the upper levels in the market. But in the last hour, the Sensex-Nifty closed in green mark after some recovery.
Bank Nifty is closed in the red mark during business. Finally, the Nifty climbed 18 points to close at 10877, while the Sensex climbed 24 points to 36194. The pressure on oil and gas stocks was seen in the trading, while buying in pharma, IT and realty stocks was seen. Bank Nifty closed 77 points down at 26863 due to selling in banking stocks.
In today’s trade, good buying was seen in mid and small-cap stocks, which led to the BSE mid-cap index closing at 15039.35, up 0.56 per cent and the smallcap index climbed 0.52 per cent to close at 14427.16.
Today, all sectoral indices except metal and banking are closed in green mark. At the turn of the end, Nifty’s Auto Index closed 0.74 percent, IT index 1.2 percent, Pharma Index 2.04 percent and Realty Index rose 2.2 percent.
Today all major Asian markets have started mixed together. At 9.00 in the morning, Japan’s Nikkei declined marginally to 22261, China’s Shanghai increased by 0.46 percent to 2579, Hongseng up by 0.77 percent to 26,655 and Taiwan’s Cospy 0.32 percent fall in trading at 2107. is.