Shares of Bandhan Bank Ltd. rose 1.13 per cent to Rs 235.4 at 11:22AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 107,224 shares with a turnover of Rs 2.51 crore till 11:22AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 14.52, while the price-to-book value ratio stood at 1.61. Return on equity (ROE) was at 11.2 per cent, according to exchange data. The stock hit an intraday high of Rs 235.4 and a low of Rs 233.1 during the session and quoted a 52-week high price of Rs 272.0 and a 52-week low of Rs 182.2. The stock’s beta value, which measures…
Read More…
Author: newsworm
q3 earnings: Q3 results this week: RIL, HDFC Bank, ICICI Bank, HUL, UltraTech Cement, Kotak Bank and others
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list:January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group, Reliance Industrial Infrastructure, Nelco, Suraj Estate Developers, Digicontent, Golkunda Diamonds & Jewellery, Emerald Finance, Excel Realty N Infra, Virtual Global Education.Also ReadJanuary 16HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology…
Read More…
Karur Vysya Bank embarks on a multichannel strategy to drive growth
Karur Vysya Bank (KVB) has said that the bank is on a transformation path from branch-led operations to multichannel-driven operations as the old private sector bank seeks to sustain its growth momentum in total business and profitability.The bank, which reported a record profit of ₹1,106 crore and strong numbers across several parameters for FY23, expects margin pressures in the next 2-3 quarters as its cost of deposits may go up by 40–50 bps. However, it hopes to sustain its performance. Also, it is not required to raise any capital, though it may review the decision a year later.B Ramesh Babu, MD and CEO of KVB, discussed the bank’s transformation journey after opening its 800th…
Read More…
ISB s DLabs RBI Innovation Hub Union Bank Launch Build for Billions Programme – BW Businessworld
DLabs at the Indian School of Business (ISB) has introduced ‘Build for Billions,’ a startup accelerator programme centered around financial inclusion for the informal economy, in collaboration with Reserve Bank Innovation Hub (RBIH) and Union Bank of India. The program is designed to support visionary fintech startups addressing the challenges faced by gig workers, migrant workers, domestic workers and other segments of the informal economy.The 50-day equity-free accelerator, led by DLabs, offers comprehensive support, including mentorship, capacity building, resources, networking opportunities, the chance to pitch to banks and investors, and a unique piloting opportunity with…
Read More…
South Indian Bank shares zoom 159% from 52-week low; time to buy, sell or hold? – Business Today
South Indian Bank shares zoom 159% from 52-week low; time to buy, sell or hold? Business Today
Read More…
RBI Revokes Banking License of Mahalaxmi Cooperative Bank in Dharwad – Punekar News
Dharwad, 28th June 2023: In a significant development, the Reserve Bank of India (RBI) has announced the cancellation of the banking license granted to Mahalaxmi Cooperative Bank Ltd. in Dharwad, Karnataka. The decision comes under Section 36A(2) in conjunction with Section 56 of the Banking Regulation Act, 1949. The license, originally issued on March 23, 1994, permitting the bank to conduct banking operations in India under Section 22 of the aforementioned Act, has been revoked effectively as of the close of business on June 27, 2023.
Consequently, Mahalaxmi Cooperative Bank Ltd. is now classified as a non-banking institution, as recognized by the RBI. This classification…
Read More…
Punjab National Bank share price Today Live Updates : Punjab National Bank closed today at ₹97.72, up 3.09% from yesterday’s ₹94.79
12 Jan 2024, 06:42 PM IST
Punjab National Bank share price update :Punjab National Bank closed today at ₹97.72, up 3.09% from yesterday’s ₹94.79
Today, the closing price of Punjab National Bank (PNB) stock was ₹97.72, which represents a 3.09% increase compared to the previous day’s closing price of ₹94.79. The net change in stock price is 2.93, reflecting the overall positive movement in PNB stock.
12 Jan 2024, 06:23 PM IST
Punjab National Bank share price live: Stock Peers
NameLatest PriceChange% Change52W High52W LowMkt. CapIndusind…
Read More…
CIBC Asset Management Inc Grows Stock Holdings in HDFC Bank Limited (NYSE:HDB)
CIBC Asset Management Inc raised its stake in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 477,261 shares of the bank’s stock after acquiring an additional 23,435 shares during the period. CIBC Asset Management Inc’s holdings in HDFC Bank were worth $28,163,000 as of its most recent SEC filing. A number of other hedge funds also recently added to or reduced their stakes in the stock. Brown Shipley& Co Ltd lifted its holdings in shares of HDFC Bank by 1,274.4% during the second quarter. Brown Shipley& Co Ltd now owns 4,783 shares of the bank’s…
Read More…
Source: https://www.marketbeat.com/instant-alerts/nyse-hdb-sec-filing-2024-01-13/
Bank of Baroda Limited’s (NSE:BANKBARODA) largest shareholders are state or government with 64% ownership, institutions own 23%
Key Insights Significant control over Bank of Baroda by state or government implies that the general public has more power to influence management and governance-related decisions The largest shareholder of the company is India with a 64% stake 23% of Bank of Baroda is held by Institutions Every investor in Bank of Baroda Limited (NSE:BANKBARODA) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 64% to be precise, is state or government. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Meanwhile, institutions make up 23% of the company’s…
Read More…
Nomura raises India exposure to 19% from 18.2%; likes RIL, Axis Bank, ICICI Bank
Global brokerage house Nomura has increased its exposure of Indian equities in its Asia ex-Japan portfolio, maintaining an overweight position on Indian stocks despite high valuations.
India now holds a weight of 19 percent, up from 18.2 percent in September 2023, in Nomura’s portfolio. The brokerage views India as a significant, liquid market that can act as a counterbalance to North Asia in the event of a Western slowdown and China’s recovery falling short. Nomura sees India as home to…
Read More…