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Why Indian Overseas Bank’s (IOB) Share Price is Rising

HomeViews On NewsOct 4, 2023 – Why Indian Overseas Bank’s (IOB) Share Price is Rising

Oct 4, 2023

The Nifty PSU Bank index has surged by over 20% in 2023, while IOB’s shares have witnessed a staggering 50% gain for the second consecutive year.
IOB’s stock price embarked on a corrective phase in 2010, a period when PSU bank stocks lost their long-term bullish trend.
Over the next decade, from 2010 to 2020, IOB’s stock corrected by more than 95%, leading to a prolonged consolidation phase that extended until mid-2021.
This phase of consolidation marked a crucial turning point for the stock price.
IOB…
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Source: https://www.equitymaster.com/detail.asp?date=10/04/2023&story=2&title=Why-Indian-Overseas-Banks-IOB-Share-Price-is-Rising

SBI General Insurance achieves 50% growth in December FY 24 – Elets

SBI General Insurance achieves 50% growth in December FY 24 EletsSBI General Insurance Records 50 per cent Growth in December FY 24, Grows More Than Double of the Private General Insurance Industry Business Standard
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Source: https://www.youtube.com/watch?v=x9yx8Lc10V8

First two quarters to see good FPI inflows, rupee to appreciate: Bank of Baroda

IANS | 13 Jan, 2024After a dismal start, foreign portfolio investments (FPI) flow into
India picked up pace, cumulatively totaling $28.7 billion in 2023, said a
report by Bank of Baroda.

The report also said the trend will continue and be positive for the Indian rupee which will likely to appreciate.
The report said that FPI into India closed at 28.7 billion last calendar year.
“While
equity segment continued to outperform, encouraging trend was also
visible in the debt segment, particularly in the last few months of the
year,” the report said.
It said that the improved corporate
profitability, stable domestic macros, range-bound inflation and a…
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Source: http://www.smetimes.in/smetimes/news/indian-economy-news/2024/Jan/13/bob-rupee949494.html

PNB, Bank of Maharashtra Lead In Collateral-Free MSME Loans In FY23

New Delhi, Aug 4 (KNN) Among the top public sector banks (PSBs), Punjab National Bank (PNB), Bank of Maharashtra and Union Bank of India are the banks with the maximum number of collateral-free MSME loans up to Rs 10 lakh and Rs 10 lakh to Rs 25 lakh as of March 2023, said Bhanu Pratap Singh Verma, Minister of State for MSME in a written reply to a question in the Lok Sabha.

In the list of 12 PSBs, PNB led the tally with 18 lakh loans amounting to Rs 27,124 crore.

It is followed by 15.20 lakh loans involving Rs 22,783 crore by Bank of Maharashtra and 14.64 lakh loans involving Rs 20,351 crore by Union Bank of India as of March 2023 under the up to Rs 10 lakh collateral-free…
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Source: https://knnindia.co.in/news/newsdetails/sectors/financefintech/pnb-bank-of-maharashtra-lead-in-collateral-free-msme-loans-in-fy23

IDFC FIRST Bank Leases 1.4 lakh sqft in Bangalore

IDFC FIRST Bank has leased over 1.4 lakh sqft of office space in Koramangala, Bangalore, to expand and consolidate its operation in the city.The newly leased property has a total lease tenure of 9 years and commands a rental of Rs 135 per sqft, mentioned a registered lease document.“The bank has leased the entire building Fortius Originin Koramangala. The property is under fit out and will be operational later this year, said townspeople aware of the deal. Colliers transaction advisor of the deal refused to comment.Last year, IDFC FIRST Bank first sold 68,000 sqft office space in Mumbai’s Bandra-Kurla Complex (BKC) for approximately Rs 198 crore. The decision is part of the…
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Source: https://m.economictimes.com/industry/services/property-/-cstruction/idfc-first-bank-leases-1-4-lakh-sqft-in-bangalore/amp_articleshow/106775734.cms

Canara Bank stocks: Buy Canara Bank, target price Rs 550: Motilal Oswal

Motilal Oswal has buy call on Canara Bank with a target price of Rs 550. The current market price of Canara Bank is Rs 458.35. Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 81173.26 Crore). Canara Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2023. Financials For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 33891.21 Crore, up 5.06 % from last quarter Total Income of Rs 32259.41 Crore and up 23.88 % from last year same quarter Total Income of…
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Source: https://m.economictimes.com/markets/stocks/recos/buy-canara-bank-target-price-rs-550-motilal-oswalbr/amp_articleshow/106749204.cms

IDBI Bank share price Today Live Updates : IDBI Bank closed today at ₹61.89, down -1.31% from yesterday’s ₹62.71

On the last day, IDBI Bank opened at ₹63.31 and closed at ₹65.59. The highest price during the day was ₹63.87, while the lowest was ₹62.46. The market capitalization of IDBI Bank is currently valued at ₹67,428.31 crore. The 52-week high for the stock is ₹74.75, and the 52-week low is ₹42.88. The BSE volume for IDBI Bank shares on that day was 777,144.Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

20 Nov 2023, 06:40 PM IST
IDBI Bank share price Today :IDBI Bank closed today at ₹61.89, down -1.31% from yesterday’s ₹62.71
Today, the closing…
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Source: https://www.livemint.com/market/live-blog/idbi-bank-share-price-live-blog-for-20-nov-2023/amp-11700447975129.html

Is ICICI Bank Ltd (IBN) The Right Choice in Banks

ICICI Bank Ltd (IBN) leads the Banks – Regional industry with an overall score of 80. IBN is up 12.01% so far this year after the company closed yesterday at $23.96. The overall score measures the company’s performance based-off both short and long term indicators and means that IBN scores better than 80% of the overall market.

IBN has an Overall Score of 80. Find out what this means to you and get the rest of the rankings on IBN!

UCO Bank IMPS: CBI conducts search ops in West Bengal and Karnataka following Rs 820-cr IMPS glitch at UCO Bank

The Central Bureau of Investigations (CBI) has conducted search operations in around 13 locations in West Bengal and Karnataka in its investigation related to the IMPS transactions worth Rs 820 cr in UCO Bank accounts.Kolkata-based UCO Bank had registered a complaint against two Support Engineers who worked with the bank alleging suspicious transactions through Immediate Payment Service (IMPS) amounting to around Rs 820 crore.Despite reporting the matter to law enforcement agencies, the state-owned bank did not clarify whether this technical glitch was due to human error or a hacking attempt. Apart from the accused, the CBI’s search also included the premises of private persons and bank…
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Source: https://m.economictimes.com/industry/banking/finance/banking/cbi-conducts-search-ops-in-west-bengal-and-karnataka-following-rs-820-cr-imps-glitch-at-uco-bank/amp_articleshow/105757758.cms

PNB Q2 Results: Net profit grows multi-fold to Rs 1,756 cr; NII up 20%

State-owned Punjab National Bank’s (PNB) on Thursday said its standalone net profit jumped multi-fold to Rs 1,756 crore during the quarter ended September 2023. The profit growth was 327% from Rs 411 crore reported in the same quarter of last year.Net interest income (NII) during the second quarter rose 20% year-on-year to Rs 9,923 crore. It was Rs 8,271 crore in the year-ago period.Operating profit (before provisions and contingencies) jumped 12% to Rs 6,216 crore in the reporting period as against Rs 5,567 crore in the last year period.Provisions during the second quarter fell nearly 30% year-on-year to Rs 3444 crore. The same stood at Rs 4,906 crore in the corresponding quarter of the…
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Source: https://m.economictimes.com/markets/stocks/earnings/pnb-q2-results-net-profit-grows-multi-fold-to-rs-1756-cr-nii-up-20/amp_articleshow/104722506.cms