newsworm

IOB main branch opened at new location in Puducherry

Lt. Governor Tamilisai Soundararajan inaugurated the Indian Overseas Bank main branch at a new location recently.The main branch of the 75-year-old institution was relocated to a new premises located at No. 29, 45-feet-road, off Anna Salai, a press note from the IOB said.Ms. Soundararajan also handed over passbooks to Sukanya Samridhi depositors, disbursed loan amount to the tune of ₹3.40 crore under government-sponsored schemes to beneficiaries.On the occasion, the Lt. Governor noted that the IOB served as a bridge between the government and people by enabling direct banking services.S. Srimathy, IOB Executive Director; R Rakesh, Chief Regional Manager; J. Ebenezer Sophia, AGM; D…
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Source: https://www.thehindu.com/news/cities/puducherry/iob-main-branch-opened-at-new-location-in-puducherry/article67165040.ece/amp/

Sbi share price Today Live Updates : SBI Stock Plummets on Negative Trading Day

11 Jan 2024, 02:36 PM IST
Sbi share price live: Stock Peers

NameLatest PriceChange% Change52W High52W LowMkt. CapHDFC Bank1647.0-9.0-0.541757.81460.55918983.64ICICI Bank990.85-2.2-0.221042.65796.1691892.3State Bank Of India620.55-1.15-0.18660.4499.35553816.79Kotak Mahindra Bank1822.552.350.132063.01644.2362059.87Axis Bank1124.717.351.571151.5814.25346053.55

11 Jan 2024, 02:20 PM IST
Sbi share price Today :Sbi trading at ₹619.5, down -0.35% from yesterday’s ₹621.7
The current data shows that the stock price of SBI is ₹619.5. There has been a…
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Source: https://www.livemint.com/market/live-blog/sbi-share-price-live-blog-for-11-jan-2024/amp-11704940938880.html

IDFC First Bank share price Today Live Updates : IDFC First Bank Stock Soars in Positive Trading

11 Jan 2024, 02:12 PM IST
IDFC First Bank share price live: Today’s Price range
The IDFC First Bank stock reached a low of ₹84.05 and a high of ₹86.62 on the current day.

11 Jan 2024, 02:10 PM IST
IDFC First Bank January futures opened at 84.5 as against previous close of 84.1
IDFC First Bank is currently trading at a spot price of ₹86.35. The bid price is ₹86.7 with a bid quantity of 30,000 shares, while the offer price is ₹86.75 with an offer quantity of 37,500 shares. The stock has an open interest of 237,600,000 shares.Disclaimer : The futures data is at a delay…
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Source: https://www.livemint.com/market/live-blog/idfc-first-bank-share-price-live-blog-for-11-jan-2024/amp-11704940296773.html

Rohit Rishi Appointed As Executive Director At Bank Of Maharashtra

Rohit Rishi has assumed the position of Executive Director at the Bank of Maharashtra. The appointment is for a tenure of three years, starting from November 1, 2023 in place of Shri A.B. Vijayakumar. His extensive experience, academic qualifications, and professional acumen make him a valuable addition to the bank’s leadership team. A Diverse and Accomplished Career Rohit Rishi’s professional journey started in 1995 when he joined Indian Bank as an Industrial Development Officer. With over 28 years of experience, he has successfully navigated through diverse aspects of the banking industry. Throughout his career, Rishi has demonstrated his ability to thrive in diverse roles,…
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Source: https://currentaffairs.adda247.com/rohit-rishi-appointed-as-executive-director-at-bank-of-maharashtra/amp/

Canara Bank announces hike in benchmark lending rate

In response to current market trends and economic conditions, Canara Bank (NS:), a state-owned entity, today announced a strategic decision to increase its benchmark lending rate by 5 basis points across all tenures, effective from November 12. This adjustment will raise the one-year Marginal Cost of funds based Lending Rate (MCLR) to 8.75% from the previous 8.70%. This change is set to affect consumer loans tied to the one-year MCLR, including auto, personal, and home loans. The bank also elevated the overnight, one-month, three-month, and six-month MCLRs by an identical margin. Over two million industry professionals closely follow such financial shifts.The bank made this…
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Source: https://in.investing.com/news/canara-bank-announces-hike-in-benchmark-lending-rate-93CH-3895844

Ashoka Buildcon – Awaiting Asset Monetisation: IDBI Capital

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 did site visit of Ashoka Buildcon Ltd.’s MOPA airport link road project and interacted with its management. ALR project is 82% complete and its commissioning is expected by March-2024 versus ministry of road transport and highways guideline of August-2024.Ashoka Buildcon’s asset monetisation for nine hybrid annuity mode project is in advance stage and share purchase agreement…
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Source: https://www.ndtvprofit.com/amp/research-reports/ashoka-buildcon-awaiting-asset-monetisation-idbi-capital

Nainital Bank raises Rs 100 cr via rights issue to meet future requirements

Nainital Bank, a subsidiary of public sector lender Bank of Baroda (BoB), on Monday said it has raised around Rs 100 crore through a rights issue to meet future capital requirements. BoB holds 98.57 per cent stake in Nainital Bank. Click here to follow our WhatsApp channel The amount was raised on March 29, 2023, Nainital Bank said in a statement. Nainital Bank has a presence in Uttarakhand, Uttar Pradesh, Delhi & NCR, Rajasthan and Haryana with 168 branches, it said. The bank’s business touched the Rs 12,305-crore mark as on March 31, 2023. Net NPA stood at 2.50 per cent, Provision Coverage Ratio at 80 per cent and Capital to Risk Assets Ratio (CRAR) at 16 per cent as per latest…
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Source: https://www.business-standard.com/amp/finance/news/nainital-bank-raises-rs-100-cr-via-rights-issue-to-meet-future-requirements-123040300656_1.html

ICICI Bank (NSE:ICICIBANK) shareholders have earned a 22% CAGR over the last five years

When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really flourishing, you can make more than 100%. For example, the ICICI Bank Limited (NSE:ICICIBANK) share price has soared 165% in the last half decade. Most would be very happy with that. Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. Check out our latest analysis for ICICI 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…
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Source: https://simplywall.st/stocks/in/banks/nse-icicibank/icici-bank-shares/news/icici-bank-nseicicibank-shareholders-have-earned-a-22-cagr-o

Chanda Kocchar, ex-boss of ICICI Bank, among 11 booked for cheating

Chanda Kocchar, ex-boss of ICICI Bank, among 11 booked for cheating
By Ujwal Jalali| Express News Service | Published: 28th December 2023 08:00 AM

Image used for representational purpose.

NEW DELHI: Former CEO and MD of ICICI Bank Chanda Kochhar seems to be in trouble again.Kochhar, along with 10 others, including ICICI Bank and Oriental Bank of Commerce (now Punjab National Bank), have been booked for allegedly cheating a private company by verifying a fake document.The case dates back to 2009. After a protracted legal battle of more than a decade, the Patiala House Court on December 9 directed Delhi Police to register a case…
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Source: https://www.newindianexpress.com/cities/delhi/2023/dec/28/chanda-kocchar-ex-boss-of-icici-bank-among-11-booked-for-cheating-2645513.amp

CSB Bank Share Price Live blog for 11 Jan 2024 – MintGenie

CSB Bank Share Price Live blog for 11 Jan 2024 MintGenie
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Source: https://mintgenie.livemint.com/amp/news/markets/csb-bank-share-price-live-blog-for-11-jan-2024-151704942251936