Bank of Baroda reports slower growth in global advances ICICI Direct
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Author: newsworm
REC, Bank of Baroda join hands to finance power, infrastructure, logistics projects – Moneycontrol
REC, Bank of Baroda join hands to finance power, infrastructure, logistics projects MoneycontrolREC Financing Rail Vikas Infra Projects Is A Win-Win Situation For Both NDTV ProfitREC and Bank of Baroda collaborate for power and logistics financing Construction WorldREC Invests Rs. 35,000 Cr In Multi-Modal Projects With Rail Vikas Nigam For 5 Years Adda247
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Q3 result preview: Banking sector’s earnings could moderate; NIM compression to ease from Q2 levels, says Motilal Oswal
After a healthy show in the current financial year’s September quarter (Q2), the December quarter (Q3) earnings of Indian banking players may see some moderation but NIM (net interest margin) compression may ease from Q2 levels, according to brokerage firm Motilal Oswal Financial Services.
However, the brokerage firm believes sustained momentum in retail, business banking, and recovery in the corporate segment may keep the sector’s growth steady.
Doorstep loan facility launched – Times of India
Doorstep loan facility launched Times of India
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CBI begins probe into multi-crore PNB embezzlement case
The Central Bureau of Investigation (CBI) has started probe into the multi-crore banking fraud in which a former Punjab National Bank (PNB) employee, M.P. Rijil, allegedly swindled ₹21 crore from multiple bank accounts, including the eight accounts maintained by the Kozhikode Corporation. The case is being investigated by the Kochi unit of the CBI in compliance with an earlier order issued by the Kerala High Court.The case, which was initially investigated by the Kozhikode Town police, was handed over to the Crime Branch on the instructions of the District Police Chief (Kozhikode City). As the swindled amount was above ₹3 crore, it was also referred to the CBI in accordance with the…
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Bain Capital sells $448 mln stake in India's Axis Bank – Reuters.com
Bain Capital sells $448 mln stake in India’s Axis Bank Reuters.com
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CSB Bank share price Today Live Updates : CSB Bank closed today at ₹405.65, down – MintGenie
CSB Bank share price Today Live Updates : CSB Bank closed today at ₹405.65, down MintGenie
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While shareholders of City Union Bank (NSE:CUB) are in the red over the last year, underlying earnings have actually grown
City Union Bank Limited (NSE:CUB) shareholders should be happy to see the share price up 19% in the last quarter. But that doesn’t change the reality of under-performance over the last twelve months. In fact, the price has declined 21% in a year, falling short of the returns you could get by investing in an index fund. The recent uptick of 4.0% could be a positive sign of things to come, so let’s take a look at historical fundamentals. View our latest analysis for City Union Bank To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it’s a weighing machine. One flawed but reasonable way to assess how sentiment around a company has…
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Indian Overseas Bank to revise interest rates from April 10
Chennai: Public sector lender Indian Overseas Bank would revise the interest rates on term deposits by upto 40 basis points from April 10, the bank said on Sunday.Depositors would receive interest rates upto 8 per cent by opening term deposit for a period of 444 days, the city-headquartered bank said in a statement.
Source: https://www.newsdrum.in/business/indian-overseas-bank-to-revise-interest-rates-from-april-10
Wage revision: SBI to provide for additional Rs 11,000 crore – Banking & Finance News
State Bank of India (SBI) will likely make additional provisions of Rs 11,000 crore in H2FY24 to meet requirements for the 17% wage hike following the pact signed between the bank unions and the Indian Banks’ Association (IBA) on December 17, two senior bank officials told FE.
“As per our estimation, a total of Rs 20,000 crore of provision is needed to meet a 17% wage hike for employees and pensioners. We have made about Rs 9,000 crore of provisions till Q2FY24 and will make another Rs 11,000 crore in H2FY24,” a senior official said.
Analysts at Nuvama Institutional Equities recently wrote the public sector banks have provided 14%-15% towards the wage settlement and would now…
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