The Nifty Bank underperformed the benchmark index and formed a Bearish candle for the third consecutive day in a row on Tuesday.The Nifty Bank fell more than 200 points to close at 47,242. The Nifty50 closed flat but with a positive bias.AU Small Finance Bank, IDFC First Bank, HDFC Bank, Axis Bank, and SBI were among the top losers, while buying was seen in Federal Bank, Bandhan Bank, and Kotak Mahindra Bank.The Nifty Bank index formed a bearish candle today and the next big support is placed around 47,000. A breach below the same could trigger another round of selling, suggest experts.“The Bank Nifty index witnessed continued dominance by bears as selling pressure intensified from…
Read More…
Author: newsworm
Announcements Updates: Compliances-Reg. 39 (3) – Details of Loss of Certificate / Duplicate Certificate
06:00:17 PM IST, 09 January 2024HDFC Bank Share Price Updates: HDFC Bank Stock Price History04:54:46 PM IST, 09 January 2024Announcements Updates: Compliances-Reg. 39 (3) – Details of Loss of Certificate / Duplicate Certificate04:00:24 PM IST, 09 January 2024HDFC Bank Share Price Updates: HDFC Bank Bonus Updates03:31:53 PM IST, 09 January 2024HDFC Bank Share Price Updates: HDFC Bank Closes at Rs 1650.95, Registers 0.75% DecreaseHDFC Bank concluded the trading day with a closing price of Rs 1650.95, experiencing a slight decline of 0.75% compared to the previous day.03:16:06 PM IST, 09 January 2024HDFC Bank Share Price Updates: HDFC Bank Witnesses a 0.71% Decrease in Price Today,…
Read More…
Want to be mid-sized bank with pan-India presence by 2030: CSB Bank chief
Pralay Mondal, MD & CEO of CSB Bank talks about the bank’s medium term growth plans, more specifically the SBS 2030, to Manojit Saha in a video interview in the Business Standard’s The Banking Show. Edited excerpts: Q) You will be completing the first year of your three-year term this September. What are the milestones that you want to achieve? Click here to follow our WhatsApp channel A) I think three years is a small period compared to what we want to achieve in the long run for the bank. But yes, we do have milestones – one is for the next three years and then more importantly for SBS 2030, which will end that year, by which we want to be in the mid-sector category. We will…
Read More…
City Union Bank closed today at ₹148.2, down -0.7% from yesterday’s ₹149.25
The current stock price of City Union Bank is ₹150.35, with a percent change of 0.74 and a net change of 1.1. This means that the stock price has increased by 0.74% from the previous trading session, with a net change of 1.1 rupees. This indicates a positive movement in the stock price of City Union Bank. Click here for City Union Bank Financials
Read More…
IndusInd Bank underperforms Tuesday when compared to competitors
Published: Jan. 9, 2024 at 5:31 a.m. ET
IndusInd Bank Ltd. 532187 shares inched down 0.14% to 1,624.50 Indian rupees Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P BSE Sensex Index 1 rising 0.04% to 71,386.21. IndusInd Bank Ltd. closed 31.25 rupees short of its 52-week high (1,655.75 rupees), which the company reached on…
IndusInd Bank Ltd.
532187
shares inched down 0.14% to 1,624.50 Indian rupees Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P BSE Sensex Index
1
Karur Vysya Bank witnesses 13% yearly surge in deposits
Private sector lender Karur Vysya Bank on Monday (October 2) reported substantial year-on-year (YoY) growth in its key financial metrics during the second quarter of 2023, as indicated by the bank’s business update.As of September 30, 2023, Karur Vysya Bank’s total business stood at Rs 1,53,514 crore, reflecting a growth of 14.15 percent compared to the same period in the previous year. The bank’s total deposits surged to Rs 83,068 crore, marking a 13.17 percent growth year-on-year.Karur Vysya Bank’s advances also experienced remarkable growth, reaching Rs 70,446 crore as of September 30, 2023. This represents a 15.32 percent year-on-year growth, the bank stated in an exchange filing.The…
Read More…
PFC gets RBI nod to set up wholly-owned finance company in GIFT City – Business Standard
PFC gets RBI nod to set up wholly-owned finance company in GIFT City Business Standard
Read More…
South Indian Bank launches SIB EXIM Current Account – APN News
South Indian Bank launches SIB EXIM Current Account APN News
Read More…
Source: https://www.apnnews.com/south-indian-bank-launches-sib-exim-current-account-3/
RBI Approves Indian Bank’s Call Option on Basel III Bonds
Indian Bank Gets RBI Nod to Exercise Call Option on Basel III Tier 2 Bonds
Indian Bank, one of the significant players in the country’s banking sector, has won the green light from the Reserve Bank of India (RBI) to exercise the call option on its Basel III Tier 2 bonds Tranche C, which holds a substantial value of ₹600 crore. The call option provides the bank with an opportunity to redeem these bonds prior to the scheduled maturity date. This move marks a significant point in the bank’s financial strategy, demonstrating a dynamic approach to capital management.
Understanding the Basel III Regulations
Introduced in the aftermath of the financial crisis of 2007-2008, Basel III…
Read More…
Karnataka Bank PO registration 2023 begins; here’s apply link
Karnataka Bank has invited online applications from eligible candidates for recruitment to the post of Probationary Officers (Scale I). Interested candidates can apply for the posts at karnatakabank.com till August 26, 2023. The online exam is tentatively scheduled to be conducted in September 2023 at Bengaluru, Chennai, Dharwad/Hubballi, Hyderabad, Mangaluru, Mumbai, Mysuru, New Delhi and Shivamogga centres.Eligibility CriteriaAge Limit as on August 1, 2023: 28 years for unreserved category. The age limit will be relaxed by 5 years for SC/ST candidates.
Educational Qualification: Post Graduates in any discipline. (Excluding Post Graduate Diplomas/ One year Executive-MBA). Graduates in…
Read More…