Middle market banking jp morgan salary

Cutting short its four-day gaining streak, benchmark Sensex declined by over 150 points on Wednesday due to profit booking in IT, FMCG and banking shares following weak global trends and persistent foreign capital outflows. In a volatile session, the 30-share BSE Sensex settled 150.48 points or 0.28% lower at 53,026.97 as 20 of its stocks ended with losses. During the day, it tumbled 564.77 points or 1.06% to 52,612.68 ahead of the expiry in the derivatives segment on Thursday. The NSE Nifty declined 51.10 points or 0.32% to 15,799.10 with 34 of its constituents closing in the red. IndusInd Bank, Hindustan Unilever, Axis Bank, Bajaj Finserv, Wipro, HCL Technologies, Titan, Kotak Mahindra Bank and Bajaj Finance were the major laggards among Sensex shares. However, gains in NTPC, Reliance Industries, Sun Pharma, UltraTech Cement and ITC restricted a major fall in the barometer. "Markets traded volatile for yet another session and lost nearly half a percent. Weak global cues … [Read more...] about Stocks halt 4-day winning run, Sensex down 150 points on weak global markets

The story so far: The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar on Wednesday. Many analysts expect the rupee to weaken further in the coming months and move past the 80 rupees to a dollar mark. In fact, the International Monetary Fund (IMF) expects the rupee to weaken past the 94 rupees to a dollar mark by FY29. What is happening with the rupee? The Indian rupee has been witnessing a steady decline this year, losing more than 6% against the U.S. dollar since the beginning of 2022. India’s forex reserves have also dropped below $600 billion, plunging by more than $50 billion since September 3, 2021, when forex reserves stood at an all-time high of $642 billion. The drop in India’s forex reserves is believed to be largely due to steps taken by the Reserve Bank of India to support the rupee. RBI officials, however, have noted that the drop in forex reserves is due … [Read more...] about Explainer | The free fall of the rupee

State Bank of India’s (SBI) gold-loan portfolio has crossed the ₹1 lakh- crore mark for the first time, chairman Dinesh Khara said on Friday. The lender, which has a 24% market share in gold loans, is bullish on growth in the segment as the asset class provides investors a safe investment option amid rising inflation. "Last week, we crossed ₹1 lakh-crore portfolio in gold loans for the first time. In the first quarter of the current year, we have seen much better growth as compared to what we have achieved in the past. I expect that in the current year we should be in a position to grow well in this particular segment," Mr. Khara told reporters on Friday. He said in case of inflationary conditions, gold, as an asset class, becomes more favourite. "Normally, during such a period when gold is a preferred asset class, there is also a felt need for monetising this asset class. That's why we feel there is much opportunity for this asset class," he said. On wealth management, Mr. … [Read more...] about SBI’s gold loan portfolio crosses ₹1 lakh-crore mark

As Billy Eppler gears up for his first trade deadline as general manager of the Mets, one thing is clear: He has the salary flexibility from his boss to make a big splash. It’s fair to believe the Mets will have an exciting Aug. 2 trade deadline in the same fashion they had a thrilling offseason. The underlying element that will allow the club to make major moves has remained the same. Steve Cohen and his $17.4 billion net worth, according to Forbes, is ready and willing to use his deep pockets on his beloved Mets as long as it’s an outcome that makes sense. “One thing I’ve learned in my time with Steve so far is that he’s opportunistic,” Eppler said on Saturday at Citi Field. “So if I could take him opportunities and present the why behind it, the why that makes sense, he’s signed off on everything so far. He likes to know what the market looks like and likes to be aware of opportunities.” As it stands, the Mets have the second-highest 2022 payroll in MLB at $260,332,242. The … [Read more...] about Mets GM Billy Eppler is gearing up for next month’s trade deadline with financial flexibility