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The new charges would apply to savings as well as salary accounts effective from today Some banks, including HDFC Bank, have begun charging a minimum amount of Rs 150 per transaction for cash deposits and   withdrawals   beyond four free transactions in a month. The new charges would apply to savings as well as salary accounts effective from today, leading private sector player HDFC Bank said in a circular. The bank would also cap the third party cash transactions at Rs 25,000 per day, while cash handling charges would be withdrawn effective today, the circular added. In the case of several banks, including ICICI Bank and Axis Bank, these charges came into effect early in January and are same as they were before the demonetisation move announced on November 8, while there is an increase in such fees in case of some others, including HDFC Bank, today onwards. These charges are for cash transactions in the branches, and not through ATMs. The move was seen in some...

L&T Technology Services lists 7% higher at Rs 920 Benchmark indices continue to trade in a narrow range with negative bias amid weakness among index heavyweight shares. However, the downside is limited due to buying demand among Reliance Industries and HDFC. At 11:00 am, the S&P   BSE   Sensex slipped 29 points at 28,744 and the Nifty50 dipped 7 points to trade at 8,861. Among broader markets, BSE Midcap and Smallcapindices are up 0.4% each. Top losers from the Sensex pack are Axis Bank, Lupin, ICICI Bank, Tata Motors and Infosys, all down between 1%-4.5%. Axis Bank was down over 4% on speculation of SUUTI stake sale in the bank. On the gaining side, TCS, Reliance Inds, Bajaj Auto, Bharti Airtel and HDFC are up almost 1%. Also Read:   IT sector slowdown to hit mid-caps worst L & T Share Price   Technology Services opened at Rs 920 on the National Stock Exchange (NSE) today, against an issue price of Rs 860 per share, at a premium of around...

In one of the largest office property deals in this city, Axis Bank recently bought 200,000 sq ft of space at The Ruby office complex in the Dadar West area for Rs 320 crore, said an executive. The deal was in the previous quarter and at Rs 16,000 a sq ft, said the executive. The Ruby Mills developed the property, a one million sq ft commercial project, in partnership with Rohan Lifescapes. Read Articles

Banks and financial institutions pitched for a delay in the fiscal deficit road map and for more focus on greater public spending to ensure economic revival, at a pre-Budget meeting with Finance Minister Arun Jaitley on Tuesday. The institutions also wanted incentives to encourage cashless transactions through debit/credit cards and rationalisation of interest rate of small savings schemes.  Read Articles   Read our full coverage on Union Budget

China, crude oil and other global events have been impacting Indian markets since early 2015. Nearly half of the broad based Nifty index stocks are trading at their 52 week lows. Shankar Sharma of First Global in an interview with CNBC TV18 said that the state of global stock markets in January 2016 eerily resembles the one witnessed in January 2008 – when equity markets topped out after a multi-year bull run.  Read Articles