MUMBAI (Reuters) – The Reserve Bank of India’s (RBI) increased scrutiny of banks and other financial firms has resulted in a spate of supervisory restrictions, most recently on Kotak Mahindra Bank, India’s fourth largest private lender by assets.
On Wednesday the RBI barred Kotak Mahindra Bank from taking on new customers digitally and issuing credit cards, due to information technology-related deficiencies.
Since 2020, the RBI has placed business restrictions on HDFC Bank, India’s largest private lender, Paytm Payments Bank, the banking unit of fintech firm Paytm, and JM Financial, among others. Following are some of the key actions: HDFC BANK
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Category: Bank of Baroda
F&O stocks: Bank of Baroda, Trent among 5 stocks with long buildup
Open interest indicates that bulls are likely to dominate the following counters.In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.MCX’s stock price gained 7.88%, and open interest saw a rise of 5.89%.Aditya Birla Capital price surged by 5.62%, and open interest saw an increase of 8.97%.Bank of Baroda…
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PSU Bank Stocks: SBI, Bank of Baroda among 6 banks with highest NPA – NPA Watch
Apr 17, 2024, 11:55:20 AM ISTA non-performing asset (NPA) is a loan or advance for which the principal or interest payment has remained overdue for a period of 90 days or more. According to data from Trendlyne, SBI, Bank of Baroda, and PNB are among the 6 PSU banks that reported the highest NPAs in Q3 of FY24. Here’s the list:AgenciesThe net NPA of Bank of India stood at 1.41% in Q3FY24, which is the highest among PSU Banks. The PE ratio of the stock is 9.66. Bank of India has a market cap of Rs 61,870 crore.IANSUnion Bank of India reported a net NPA of 1.08% in Q3FY24. The PE ratio of the stock is 7.74. The firm’s market cap is at Rs 1,02,773 crore.Agencies4/7Punjab National…
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Bank of Baroda teams up with Kunaal Roy Kapur for PehchaanCon 3.0
Bank of Baroda (Bank), one of India’s leading public sector banks, announced the release of its #PehchaanCon 3.0 Banking Fraud Awareness campaign. Building upon the success of the earlier two editions, the latest campaign seeks to raise awareness about new-age financial frauds such as Artificial Intelligence-generated Deepfake scams that can succeed in duping even the most vigilant customers.
In Phase 3 of the #PehchaanCon campaign, the Bank has released two new ad films featuring actor Kunaal Roy Kapur. Combining the use of humour with informative content, these videos illustrate how anyone – even the smartest and strongest amongst us – can end up getting conned. Using the…
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7 cheapest home loans in India that banks are offering ,Personal Finance News, Business News
Everyone wants to own a home in the long run. Purchasing a home is a costly affair. One needs to borrow money from banks or housing finance companies to realise their dream of a home. In India, many public and private banks and housing financing companies offer home loans. Interest rates are different for loan amounts of up to Rs 30 lakh, above Rs 30 lakh and up to 75 lakh and above Rs 75 lakh. At the same time, banks offer the same loan at different interest rates to people with different Cibil score, economic background, and repayment capacity.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGHere is a list of the 7 cheapest home loans that public and private banks are offering. (As per…
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Societe Generale, Marshall Wace active in Bandhan Bank, BoB and Manappuram Finance
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Societe Generale and Marshall Wace Investment Strategies – Eureka Fund were active in multiple trades on April 23 trading session.
In Bandhan Bank, Societe Generale picked up 1.21 crore shares, or a 0.75 percent stake, for an average price of Rs 180.8. Eureka Fund offloaded 1.17 crore shares, 0.73 percent stake at the same price.
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Bandhan Bank shares rose 1.02 percent to Rs 182.65 on NSE.
In Bank of Baroda, Societe Generale acquired 3.26 crore shares, translating…
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Marshall Wace Offloads Shares Of Rs 2,365 Crore In Bank of Baroda, Canara Bank
British hedge fund Marshall Wace on Tuesday divested its stakes in 21 companies, including Bank of Baroda, Canara Bank, Bandhan Bank, Manappuram Finance, and Union Bank of India, for Rs 2,365 crore through open market transactions.Marshall Wace through its affiliates — Marshall Wace Investment Strategies – Eureka Fund and Marshall Wace Investment Strategies Global Financials Market Neutral Fund — offloaded shares of 21 companies through different block deals on the NSE.According to the block deals data available on the National Stock Exchange (NSE), Marshall Wace sold shares of Bank of Baroda for Rs 853 crore, Canara Bank for Rs 422 crore, Bandhan Bank for Rs 219 crore, Union Bank of…
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Source: https://www.moneycontrol.com/
Bank of Baroda raises Rs 2,500 crore via tier-II bonds ,Banking News, Business News
State-owned Bank of Baroda (BoB) on Thursday said it has raised Rs 2,500 crore through bonds to fund business growth.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGThe fund raised through the issuance of Basel III Compliant Tier-II Bonds Series XXVI and the bank received a strong response from investors, which allowed it to price the issue at a very competitive coupon rate of 7.57 per cent, BoB said in a statement.
These bonds are unsecured, listed, rated, subordinated, non-convertible, taxable, redeemable having a tenor of 10 years from deemed date of allotment with a 5-year call option, it said.
The bidding for the bonds took place on Wednesday while the allotment was done on Thursday, as…
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Bank of Baroda and LTIMindtree – These stocks saw consistent MF selling of over Rs 1,000 crore over last five months
Apr 21, 2024, 01:07:00 PM ISTMany stocks witnessed consistent selling over the past five months (from November 2023 to March 2024) from mutual funds. Let’s take a look at the one’s which witnessed selling of more than Rs 1,000 crore . (Source: Elara Capital)Shutterstock.comThese stocks witnessed consistent selling for five consecutive months of more than Rs 4,000 crore. The total MF selling in NTPC and Infosys over five months was Rs 4,801 crore and Rs 4,379 crore respectively. This selling was 1.7% and 0.7% respectively as a percentage of m-cap.AgenciesThis stock witnessed consistent selling for five consecutive months of Rs 2,609 crore. This selling was 2.8% as a percentage of…
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