Author: newsworm

Andhra Bank slips into history

Andhra Bank slips into history

Hyderabad: Andhra Bank, which was founded in 1923 in Machilipatnam in Andhra Pradesh, has slipped into history when it was merged with Union Bank of India on Wednesday. Founded by Bhogaraju Pattabhi Sitaramayya, the bank expanded its operations to over 25 states and three union territories since its inception. It now has been merged with Union Bank of India as part of the central government’s plan to consolidate public sector banks. On Wednesday, Union Bank of India said it has become the country’s fifth largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself. The merger, effective from Wednesday, will harness rich individual legacies and forge a…
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Source: https://www.thehansindia.com/amp/business/andhra-bank-slips-into-history-615178

Nifty PSU Bank sheds nearly 3% ahead of Q1 earnings; Bank of Maharashtra, PSB, PNB top bears

Nifty PSU Bank sheds nearly 3% ahead of Q1 earnings; Bank of Maharashtra, PSB, PNB top bears

Nifty 50 traded on a flat note on Thursday as sharp selling in Nifty PSU Banks dragged the performance. All public sector banking stocks traded in the red. The cautious tone comes ahead of Q1 earnings for FY24 with the Central Bank of India, and Bank of Maharashtra lined up for next week. Some brokerages mention that commentary around Ind-AS implementation will be key monitorable for PSU banks in Q1.

At the time of writing, the Nifty PSU Bank index traded at 4,341.40, shedding 120.60 points or…
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Source: https://www.livemint.com/market/stock-market-news/nifty-psu-bank-sheds-nearly-3-ahead-of-q1-earnings-bank-of-maharashtra-psb-pnb-top-bears/amp-11689242479919.html

Samman Rupay Credit Card,Credit Card: సమ్మాన్ రూపే క్రెడిట్ కార్డు.. ఈ బ్యాంక్ కొత్త సేవలు.. ఎన్నో బెనిఫిట్స్‌తో వారికి మాత్రమే.. – indusind bank introduces the samman rupay credit card exclusively for government employees. details here

Samman Rupay Credit Card,Credit Card: సమ్మాన్ రూపే క్రెడిట్ కార్డు.. ఈ బ్యాంక్ కొత్త సేవలు.. ఎన్నో బెనిఫిట్స్‌తో వారికి మాత్రమే.. – indusind bank introduces the samman rupay credit card exclusively for government employees. details here

Indusind Bank: నేషనల్ పేమెంట్స్ కార్పొరేషన్ ఆఫ్ ఇండియా (NPCI) భాగస్వామ్యంతో ఇండస్‌ఇండ్ బ్యాంక్ యూపీఐ ఫంక్షనాలిటీతో కూడిన ఇండస్‌ఇండ్ బ్యాంక్ సమ్మాన్ రూపే క్రెడిట్ కార్డ్‌ను ప్రవేశపెట్టింది. ఇది కేవలం ప్రభుత్వ రంగ ఉద్యోగుల కోసమే స్పెషల్‌గా రూపొందించిన కార్డు. వారి…
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Source: https://telugu.samayam.com/business/business-news/indusind-bank-introduces-the-samman-rupay-credit-card-exclusively-for-government-employees-details-here/amp_articleshow/106674529.cms

Karur Vysya Bank share price Today Live Updates : Karur Vysya Bank closed

Karur Vysya Bank share price Today Live Updates : Karur Vysya Bank closed

Karur Vysya Bank Stock Price TodayKarur Vysya Bank Share Price Today : On the last day of trading, Karur Vysya Bank opened at ₹166.95 and closed at ₹166.9. The highest price reached during the day was ₹167.9, while the lowest was ₹162.75. The market capitalization of the bank is ₹13,159.69 crore. The 52-week high for the stock is ₹172, while the 52-week low is ₹92.8. The total volume of shares traded on the BSE was 135,241.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/karur-vysya-bank-share-price-live-blog-for-09-jan-2024-151704768758793

RBI approves integration of RuPay credit cards with UPI- Republic World

RBI approves integration of RuPay credit cards with UPI- Republic World

Representative | Image:PixabayRuPay meets UPI: The recent authorisation by the Reserve Bank of India (RBI) for integrating RuPay credit cards with Unified Payments Interface (UPI) apps introduces several advantages and some constraints for users. Previously, UPI transactions were limited to funds available in savings accounts, but now, with the linkage of RuPay credit cards to UPI, users can tap into their credit limits for everyday transactions, extending wider acceptance amongst merchants and providing an interest-free period of up to 50 days.Practical implications of linking RuPay credit cards to UPIEnhanced convenience and credit accessTraditionally, UPI payments were tied to savings…
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Source: https://www.republicworld.com/business/personal-finance/rbi-approves-integration-of-rupay-credit-cards-with-upi/?amp=1

CARE upgrades rating of IDBI Bank’s Tier-II bonds

CARE upgrades rating of IDBI Bank’s Tier-II bonds

CARE Ratings has upgraded the rating of IDBI Bank’s Basel III Compliant Tier II Bonds aggregating ₹2,000 crore from “A+” to “AA-” and revised the outlook from “positive” to “stable”. The credit rating agency also reaffirmed the “Al+” rating for the bank’s Certificate of Deposits aggregating ₹10,000 crore. The revision in the rating assigned to the long-term debt instruments of IDBI Bank factors in the continued improvement in the bank’s financial risk profile, with improvement in profitability and asset quality parameters with comfortable capitalisation levels over the past two years ended September 30, 2023, the agency said. The rating continues to factor…
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Source: https://www.thehindubusinessline.com/money-and-banking/care-upgrades-rating-of-idbi-banks-tier-ii-bonds/article67611200.ece/amp/

South Indian Bank Extends Application Deadline for ‘SIB Ignite – Quizathon’ till December 22 – India Education | Latest Education News | Global Educational News

South Indian Bank Extends Application Deadline for ‘SIB Ignite – Quizathon’ till December 22 – India Education | Latest Education News | Global Educational News








South Indian Bank Extends Application Deadline for ‘SIB Ignite – Quizathon’ till December 22 – India Education | Latest Education News | Global Educational News | Recent Educational News



HomeNational NewsSouth Indian Bank Extends Application Deadline for ‘SIB Ignite – Quizathon’ till December 22




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Source: https://indiaeducationdiary.in/south-indian-bank-extends-application-deadline-for-sib-ignite-quizathon-till-december-22/

Stupendous Volume Growth On Bourses For December To Lead To Further Estimates Upgrades: ICICI Securities

Stupendous Volume Growth On Bourses For December To Lead To Further Estimates Upgrades: 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.December 2023 marked new highs in volumes with NSE/BSE cash of around Rs 1 trillion/100 billion average daily turnover, NSE/BSE options of around RS 375/70 trillion, Multi Commodity Exchange of India Ltd. options ADTO crossing Rs 1 trillion and new demat addition crossing four million.This will likely lead to further earnings upgrades for capital market plays in FY24. There is a…
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Source: https://www.ndtvprofit.com/amp/research-reports/stupendous-volume-growth-on-bourses-for-december-to-lead-to-further-estimates-upgrades-icici-securities