Stock market news: As of January 4, India’s share in the MSCI Emerging Markets Index (EM), an index that captures large and mid-cap representation across 24 emerging market countries, increased to 17.1 per cent and the share is expected to reach 20 per cent by mid-2024, according to Nuvama.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGAs the global cut-off period for MSCI rejig approaches (February 24), the brokerage has reaffirmed its conviction picks for the MSCI Standard Index. It must be noted that the cut-off date for joining the index is January 18–January 31. The changes will be announced by MSCI on February 13 and released on February 29.
Jindal Stainless, Punjab National Bank,…
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Author: newsworm
Bank of Maharashtra presents dividend cheque of Rs 795.94 crore to Finance Minister Nirmala Sitharaman
Mumbai (Maharashtra) [India], June 21: Bank of Maharashtra (BoM), a premiere public sector Bank in the country, on Tuesday, paid a dividend cheque of Rs 795.94 crore for the financial year 2022-23 to Finance Minister Nirmala Sitharaman. The dividend cheque was presented by A S Rajeev, MD & CEO, Bank of Maharashtra along with Executive Directors A B Vijayakumar and Asheesh Pandey, in the presence of Sameer Shukla, Joint Secretary, Department of Financial Services.
Bank of Maharashtra declared a dividend of Rs 1.30 per equity share (13 percent) for the financial year ended on March 31, 2023. This dividend payment reflects the bank’s impressive financial performance during the fiscal…
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Luthra advises Canara Bank on financing of Jindal Paradip Port
Canara Bank Lenders led by Canara Bank, provided two separate facilities comprising a rupee term loan facility for an amount of ₹2,376 Crore and performance bank guarantee facility amounting to ₹478.43 Crore to Jindal Paradip Port Limited to finance the construction and development of the Western Dock at the Paradip Port, Odisha.Luthra and Luthra Law Offices India acted for lenders led by Canara Bank in this financing deal.The transaction team consisted of Karan Mitroo (Partner), Kartikeya Dubey (Partner), Ankita Parasar (Managing Associate), Aditya Bhayal (Associate) and Shantanu Awasthi (Associate).Karan Mitroo, Kartikeya DubeyJindal Paradip Port Limited is a joint venture…
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IDBI Bank closed today at ₹67.29,
IDBI Bank Stock Price TodayIDBI Bank Share Price Today : On the last day, IDBI Bank’s stock opened at ₹69.82 and closed at ₹69.29. The stock had a high of ₹69.95 and a low of ₹68.10. The market capitalization of IDBI Bank is ₹73,772.23 crores. The 52-week high for the stock is ₹74.75, while the 52-week low is ₹42.88. The BSE volume for IDBI Bank shares was 833,386.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Banking Q3 Results Preview – Operating Trends Likely To Continue: ICICI Securities
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.We see Q3 FY24 emulating recent trends in terms of healthy loan growth and moderation in net interest margin QoQ, leading to soft net interest income QoQ, while elevated opex should also keep Pre-provision operating profit muted QoQ.On a QoQ/YoY basis, we estimate NII and profit after tax of private banks under our coverage (excluding Housing Development Finance Corporation Bank)…
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LIC-UBI announce corporate agency pact
Life Insurance Corporation of India (LIC) and Union Bank of India, after its amalgamation with Corporation Bank and Andhra Bank, have announced a corporate agency agreement to distribute LIC policies.“Union Bank of India can act as a financial supermarket by offering a basket of products to its account holders, whereby they can select products according to their choice,” said K Kadiresan, Zonal Manager, LIC of India, in a statement.The bank will market LIC products of term insurance, pension, plan, children plan, ULIPs, and endowment schemes.“It is a very good opportunity for the bank to serve the needy customers, which will benefit by taking LIC products as those policies are…
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Bandhan Bank shares drop 10.6% in two sessions; what should you do?
Bandhan Bank’s shares experienced a decline of 7.40%, reaching ₹233.10 per share, in today’s trading session amid a strong spike in trading volumes. In the previous trading session, the stock tumbled by 3.49%, resulting in a cumulative drop of 10.65% over the two days. Analysts attribute this sharp fall in the banking shares to profit booking.
On January 4, the bank reported an 18.6% YoY and 7.7% QoQ improvement in loans and advances, reaching ₹1,15,964 crore for the quarter ending December….
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CSB Bank promoter gets RBI approval to retain 26% stake
The promoter of India’s CSB Bank has received permission from the Reserve Bank of India to keep a 26% stake in the lender, rather than the 15% suggested by the central bank before, the lender said on Thursday.According to BSE statistics, FIH Mauritius Investments Ltd (FIHM), which now owns 49.72% of the Thrissur, Kerala-based bank, must reduce its position within 15 years after investment completion.The RBI previously mandated bank founders to decrease their shareholding to 15% in order to guarantee that these instructions are complied with.However, after a court battle with Uday Kotak, the promoter of Kotak Mahindra Bank, the regulator allowed promoters…
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City Union Bank share price Today Live Updates : City Union Bank closed
City Union Bank’s stock opened at ₹149.95 and closed at ₹147.35 on the last day of trading. The stock reached a high of ₹149.95 and a low of ₹146.8 during the day. The market capitalization of the bank is ₹10,921.14 crores. The stock’s 52-week high is ₹204.95 and its 52-week low is ₹119.5. The BSE volume for the stock was 69,323 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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IndusInd Bank Stocks Updates: IndusInd Bank Sees 1.05% Decrease in Price Today, 1-Year Returns at 37.84%
06:01:02 PM IST, 08 January 2024IndusInd Bank Stocks Updates: IndusInd Bank Bonus Updates04:01:54 PM IST, 08 January 2024IndusInd Bank Stocks Updates: IndusInd Bank Dividend Updates03:31:57 PM IST, 08 January 2024IndusInd Bank Stocks Updates: IndusInd Bank Closes at Rs 1627.0, Registers 0.98% DeclineIndusInd Bank closed at a price of Rs 1627.0, experiencing a decrease of 0.98% in value today.03:15:29 PM IST, 08 January 2024IndusInd Bank Stocks Updates: IndusInd Bank Sees 1.05% Decrease in Price Today, 1-Year Returns at 37.84%The current price of IndusInd Bank is Rs 1625.9, with a decrease of 1.05% today. Over the past year, the bank has shown a positive return of 37.84%.02:47:50 PM…
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