SBI Life Share Price Live Updates: SBI Life's Current Trading Status
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Time of India
an hour ago
- Time of India
SBI Life Share Price Live Updates: SBI Life's End of Day Price
Stay updated with the SBI Life Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on SBI Life stock, including: Last traded price 1850.4, Market capitalization: 185866.01, Volume: 16337, Price-to-earnings ratio 74.7, Earnings per share 24.82. Our liveblog combines fundamental and technical insights to offer a comprehensive overview of SBI Life's performance. Gain valuable market knowledge and make informed decisions with our expert analysis. Be the first to know about breaking news that can impact SBI Life's trajectory. Join us on this journey as we explore the exciting potential of SBI Life. The data points are updated as on 09:17:25 AM IST, 07 Aug 2025 Show more Show less
Time of India
an hour ago
- Time of India
Why are RBI's rate cuts not fully reflecting in loan rates? Rajnish Kumar explains
Rajnish Kumar , Former Chairman, SBI , explains that complete transmission of RBI's rate cuts is hindered by banks' loan structures and deposit rate rigidities. While repo-linked rates adjust quickly, fixed-rate loans and deposit rates lag. He notes ample liquidity in the system and suggests credit growth depends on demand, not supply, with a slowdown in unsecured personal loans . You heard the RBI governor. There is no change this time. But do you think it will take some more time before actual transmission happens in the system as far as the banking system is concerned? Rajnish Kumar: From my experience, I can say that 100% transmission never happens and there are a couple of reasons. On the loan side, the repo linked rates are essentially floating rates. The 100% loan book of the banks is not linked to the repo. It varies bank to bank – 40% to 60%. Second is the rigidity on the liability side. The deposit rate, fixed deposit rates, take time for the banks to transmit and banks also have to protect their NIM. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program So, I am not expecting the numbers which the RBI governor stated about the transmission, will change in any significant manner. The repo rate linked rates get adjusted immediately and within two-three days, the rates are changed. For the rest of their fixed rate loan, the rate of interest will change only when there is a reset date and for the new loans, they will come after the downward revision in the rates. Of course, 100% of the new loans have become cheap. Also, there was an announcement of the new liquidity framework which is currently underway. A consultation paper will be released based on the internal working group. Where do you see the gaps as far as the liquidity framework is concerned? Rajnish Kumar: We have to wait for the report of the internal working group and once the report is out, then it would be fair to make a comment on that. But from a bank's perspective, we know that through CRR, a lot of pre-emption of resources happens. But last time, as part of the monetary policy, RBI did give some relief to the banks and that is where we are seeing its impact and there is enough liquidity in the system as of now. We are in a regime where there is ample liquidity in the system and the rates are showing a downward trend and from the peak the rates have come down by 100 basis points. In every monetary policy, we cannot expect that RBI will keep on cutting the rates further. Live Events You Might Also Like: Will the dream run for home loan borrowers continue despite RBI pausing repo rate? Liquidity is quite in surplus as compared to the last few quarters and the impact of the CRR cut is yet to be seen. Do you think that there is a scope for further credit growth in the market on the back of the decision which has been taken by the Reserve Bank of India? More importantly, when you are talking about rate transmission, do you think many of the banks which have reported weak macros –at least in the commentary they have stated so– there is also rising stress. Do you think that is also weighing upon the rate of transmission? Rajnish Kumar: No, I have already explained how and what are the constraints on the banking system and there is rigidity on both sides – the loan book side as well as the deposit side. As far as CRR is concerned, what it does is that because of the pre-emption of resources, when there is a CRR cut, the cost for the bank comes down. To that extent, there is an impact even if it is marginal on the income of the banks. So, it becomes a combination of factors. In today's scenario, if I look at credit growth, it is a demand-supply function. But today looking at the state of affairs, I do not think there is any supply side constraint when it comes to growth. If there are projects and if there is demand from the corporates, then credit growth can pick up. On the retail side, the banks have been doing well. There were certain pointers from the Reserve Bank of India about their discomfort on the growth of unsecured personal loans. We have seen that there is a slowdown and there is also some stress building up there. So, the growth in the retail segment, particularly in what we call the P segment, is seeing a slowdown. In the overall structure of lending, a key shift can be seen in the balance sheet of all the banks. I will take the State Bank's example; at one point of time, the corporate book of SBI used to be in the range of 60% and retail, agriculture, and MSME would be 40% and now this ratio has almost reversed where corporate book has gone down to 40%. So, now which sector will see demand? If you ask me about the bank's capacity to lend, it is very much there. There is enough liquidity and the growth will now be a function of the demand and not as much from the supply side. You Might Also Like: RBI's monetary policy pause leaves room for another rate cut in coming months: Experts ETMarkets WhatsApp channel )
Mint
3 hours ago
- Mint
Buy or sell: Vaishali Parekh recommends three intraday stocks for today despite Trump's tariffs on India
Buy or sell stocks: After the Reserve Bank of India's monetary policy committee meeting, the outcome was announced, and the Indian stock market witnessed strong selling on Wednesday. The BSE Sensex slipped by 166.26 points, closing at 80,543.99, while the Nifty 50 index fell 75.35 points to settle at 24,574.20. Investor sentiment was further weighed down by former US President Donald Trump's renewed warning of increased tariffs on Indian exports. Amid the broader market decline, both mid- and smallcap stocks came under pressure, with the NSE Midcap index dropping 0.8 per cent and the Smallcap index declining by more than 1 per cent. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment has turned cautious as the Nifty 50 index closed to its crucial support level at 24,500 after sharp selling on Wednesday. Prabhudas Lilladher said the 50-stock index may try to touch 24,450 to 24,100 levels on breaching below these levels, as 50% of Trump's tariffs on India are expected to hit Indian GDP by nearly 30 bps if the tariff continues for one year. Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index witnessed a slightly volatile session, holding on to the important support zone near the 24,500 level, with bias and sentiment precariously placed and would need to check for further development, which shall decide the future course of the trend. We continue to maintain our stance, with the crucial support positioned near the 24,500 zone, which needs to be sustained to maintain the overall trend intact, and, on the upside, a decisive breach above the important 50-DEMA level at the 24,900 zone is much required." On the outlook of the Bank Nifty today, Parekh said, "The Bank Nifty index witnessed a rangebound session with 55,200 zone sustained and closed in the green with a marginal gain, indicating some hopes of a revival with HDFC Bank and ICICI Bank still maintained in their positive zone, expecting further improvement in the coming sessions. The index has the important 100-period MA at 56,700 level, which would be the next near-term support zone, and, on the upside, a decisive breach above the 50-DEMA zone at 56,000 level would improve the bias, thereafter, expecting further rise." Parekh said that immediate support for the Nifty 50 index is placed at 24,450, while the resistance is seen at 24,800. The Bank Nifty would have the daily range of 54,800 to 56,000. "The US President Donald Trump has imposed 50% tariffs on India as the Indian government declined to pause Russian crude oil imports. So, Trump's tariffs on India have doubled to 50%, which is expected to hit the national GDP by nearly 30 BPS if the current tariff continues for one year," Parekh concluded. Regarding stocks to buy today, Vaishali Parekh recommended buying SBI, Sun Pharma, and TFCIL, three intraday stocks. 1] SBI: Buy at ₹ 805, Target ₹ 830, Stop Loss ₹ 790; 2] Sun Pharma: Sell at ₹ 1594, target ₹ 1560, Stop Loss ₹ 1620; and 3] TFCIL: Buy at ₹ 285, Target ₹ 303, Stop Loss ₹ 278. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
