Andhra Bank mulls to raise capital – Elets BFSI Elets
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Author: newsworm
Bandhan Bank's Chandra Shekhar Ghosh does not want to go quietly into the good night; says 'will play a strategic role' – MSN
Bandhan Bank’s Chandra Shekhar Ghosh does not want to go quietly into the good night; says ‘will play a strategic role’ MSN
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Dividend Stocks: Titan, REC, Bajaj Holdings, IndusInd Bank, among others to trade ex-dividend next week; Full list here – MSN
Dividend Stocks: Titan, REC, Bajaj Holdings, IndusInd Bank, among others to trade ex-dividend next week; Full list here MSN
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SBI Mutual Fund buys 1.5% stake Karur Vysya Bank for Rs 190 crore | Company News
The shares were picked at an average price of Rs 162 apiece on both bourses.1 min read Last Updated : Dec 12 2023 | 11:16 PM IST
SBI Mutual Fund on Tuesday acquired shares of scheduled commercial bank Karur Vysya Bank for Rs 190 crore through open market transactions.
According to the bulk deal data available with the BSE and NSE, SBI Mutual Fund (MF) purchased a total of 1,20,00,000 shares, amounting to a 1.5 per cent stake in Karur Vysya Bank.
The shares were picked at an average price of Rs 162 apiece on both bourses, taking the combined aggregate deal size to Rs 194.40 crore.
Details of the sellers could not be ascertained.
On Tuesday, shares of Karur Vysya Bank rose…
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RBI organises financial literacy camp at Songsak
From Our Correspondent
WILLIAMNAGAR, June 22: The Reserve Bank of India (RBI), Shillong, in collaboration with Bakdil NGO and NABARD, organised a one-day ‘Field Level Financial Literacy Camp’ at Spark Hills, Songsak, on Friday, which was participated in large numbers by bankers, self-help groups (SGHs) and other stakeholders.The programme was attended by General Manager, OIC, RBI, Olden Nongphlu, who suggested the locals be wary of fraudsters while doing online financial transactions.Songsak Block Development Officer (BDO), on the other hand, highlighted the government schemes and projects available in the block and urged the locals to avail the benefits.Meghalaya Rural Bank (MRB),…
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Source: https://theshillongtimes.com/2024/06/23/rbi-organises-financial-literacy-camp-at-songsak/
HDFC Bank (NYSE:HDB) Shares Gap Up to $61.65
Shares of HDFC Bank Limited (NYSE:HDB – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $61.65, but opened at $63.42. HDFC Bank shares last traded at $63.08, with a volume of 460,005 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.
Get Our Latest Stock Analysis on HDFC Bank
HDFC Bank Price Performance
The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The stock has a 50 day simple moving average…
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Source: https://www.defenseworld.net/2024/06/22/hdfc-bank-nysehdb-shares-gap-up-to-61-65.html
Axis Bank – SBI, RIL among top 10 stock holdings of Sundaram Mutual Fund
Jun 21, 2024, 01:57:16 PM ISTSundaram Mutual Fund manages assets worth Rs 60,969 crore (as of May data) across 74 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to Motilal Oswal Financial Services report:iStockIn May, the fund house maintained its highest allocation of around 4.8% in HDFC Bank, with no change in weight from the previous month.ETMarkets.com3/10Reliance IndustriesIn May, the fund house allocated 4.1% to RIL, marking a 0.1% decrease in weight compared to the previous month.In May, the fund house allocated 4.1% to RIL, marking a 0.1% decrease in weight compared to the previous month.ETMarkets.comIn May, the fund house allocated 3.6%…
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SBI, RIL among top 10 stock holdings of Sundaram Mutual Fund – Portfolio Watch
Jun 21, 2024, 02:00:01 PM ISTSundaram Mutual Fund manages assets worth Rs 60,969 crore (as of May data) across 74 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to Motilal Oswal Financial Services report:iStockIn May, the fund house maintained its highest allocation of around 4.8% in HDFC Bank, with no change in weight from the previous month.ETMarkets.com3/10Reliance IndustriesIn May, the fund house allocated 4.1% to RIL, marking a 0.1% decrease in weight compared to the previous month.In May, the fund house allocated 4.1% to RIL, marking a 0.1% decrease in weight compared to the previous month.ETMarkets.comIn May, the fund house allocated 3.6%…
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Bank Of Maharashtra Declares Rs 857 Crore Dividend For FY24
On Friday, the state-owned Bank of Maharashtra presented a dividend cheque of Rs 857 crore to Finance Minister Nirmala Sitharaman. The cheque was handed over by the Bank’s Managing Director Nidhu Saxena and Executive Director Asheesh Pandey, in the presence of the Financial Services Secretary Vivek Joshi. The bank has declared a dividend of Rs 1.40 per equity share, which amounts to 14% for financial year 2024, as stated in a BoM press release.The Government of India holds an 86.46% stake in the Pune-based bank.
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Source: https://www.ndtvprofit.com/amp/business/bank-of-maharashtra-declares-rs-857-crore-dividend-for-fy24
Canara Bank recovers Rs 1,476 crore through IBC in FY2023-24
Canara Bank recovered Rs 1,476 crore through cases referred to NCLT during FY2023-24. The bank in its annual report released on 31 May 2024, said that as on 31 March 2024, 374 cases have been referred to NCLT under IBC for resolution, where Canara bank has an exposure (book liability) of around Rs 37,683 crores. Out of these cases, the bank has initiated the resolution process by filing NCLT application in 87 cases involving book liability of Rs 6,833 crore. Out of total 374 NCLT referred cases, in 326 cases admitted by NCLT, the bank’s aggregate admitted claim amount is Rs 50,853 crore.
The bank is expecting substantial recovery during FY2024-25 through…
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Source: https://insolvencytracker.in/2024/05/31/canara-bank-recovers-rs-1476-crore-through-ibc-in-fy2023-24/