Author: newsworm

Bandhan Bank shares drop 10.6% in two sessions; what should you do?

Bandhan Bank shares drop 10.6% in two sessions; what should you do?

Bandhan Bank’s shares experienced a decline of 7.40%, reaching ₹233.10 per share, in today’s trading session amid a strong spike in trading volumes. In the previous trading session, the stock tumbled by 3.49%, resulting in a cumulative drop of 10.65% over the two days. Analysts attribute this sharp fall in the banking shares to profit booking.

On January 4, the bank reported an 18.6% YoY and 7.7% QoQ improvement in loans and advances, reaching ₹1,15,964 crore for the quarter ending December….
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Source: https://www.livemint.com/market/stock-market-news/bandhan-bank-share-price-drops-10-6-in-two-sessions-what-should-you-do/amp-11704706139017.html

CSB Bank promoter gets RBI approval to retain 26% stake

CSB Bank promoter gets RBI approval to retain 26% stake

The promoter of India’s CSB Bank has received permission from the Reserve Bank of India to keep a 26% stake in the lender, rather than the 15% suggested by the central bank before, the lender said on Thursday.According to BSE statistics, FIH Mauritius Investments Ltd (FIHM), which now owns 49.72% of the Thrissur, Kerala-based bank, must reduce its position within 15 years after investment completion.The RBI previously mandated bank founders to decrease their shareholding to 15% in order to guarantee that these instructions are complied with.However, after a court battle with Uday Kotak, the promoter of Kotak Mahindra Bank, the regulator allowed promoters…
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Source: https://www.indiainfoline.com/article-amp/news-top-story/csb-bank-promoter-gets-rbi-approval-to-retain-stake-1701410329014_1.html

City Union Bank share price Today Live Updates : City Union Bank closed

City Union Bank share price Today Live Updates : City Union Bank closed

City Union Bank’s stock opened at ₹149.95 and closed at ₹147.35 on the last day of trading. The stock reached a high of ₹149.95 and a low of ₹146.8 during the day. The market capitalization of the bank is ₹10,921.14 crores. The stock’s 52-week high is ₹204.95 and its 52-week low is ₹119.5. The BSE volume for the stock was 69,323 shares.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/city-union-bank-share-price-live-blog-for-30-nov-2023-151701311738135

IndusInd Bank Stocks Updates: IndusInd Bank Sees 1.05% Decrease in Price Today, 1-Year Returns at 37.84%

IndusInd Bank Stocks Updates: IndusInd Bank Sees 1.05% Decrease in Price Today, 1-Year Returns at 37.84%

06:01:02 PM IST, 08 January 2024IndusInd Bank Stocks Updates: IndusInd Bank Bonus Updates04:01:54 PM IST, 08 January 2024IndusInd Bank Stocks Updates: IndusInd Bank Dividend Updates03:31:57 PM IST, 08 January 2024IndusInd Bank Stocks Updates: IndusInd Bank Closes at Rs 1627.0, Registers 0.98% DeclineIndusInd Bank closed at a price of Rs 1627.0, experiencing a decrease of 0.98% in value today.03:15:29 PM IST, 08 January 2024IndusInd Bank Stocks Updates: IndusInd Bank Sees 1.05% Decrease in Price Today, 1-Year Returns at 37.84%The current price of IndusInd Bank is Rs 1625.9, with a decrease of 1.05% today. Over the past year, the bank has shown a positive return of 37.84%.02:47:50 PM…
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Source: https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/indusind-bank-stocks-live-updates-08-jan-2024/amp_liveblog/106622087.cms

Karur Vysya Bank opens three branches in Tamil Nadu, one in Karnataka

Karur Vysya Bank opens three branches in Tamil Nadu, one in Karnataka

Private sector Karur Vysya Bank inaugurated four branches in South India to strengthen its footprint across the country, an official statement said on Sunday, adding that this expands their network to 831 branches across India. The Tamil Nadu-based bank recently inaugurated one branch in Bengaluru apart from one each in Vellore, Thiruvennainallur and Marakkanam in the State.“As of September 30 this year, the bank’s total business was ₹1.53 lakh crore, net profit was ₹737 crore and net Non-Performing Assets (NPA) were at 0.47 per cent,” the release said.The bank said it has built its financials focusing on three pillars of growth, profitability and asset quality.
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Source: https://www.thehindubusinessline.com/money-and-banking/karur-vysya-bank-opens-three-branches-in-tamil-nadu-one-in-karnataka/article67600977.ece/amp/

Fino Payments Bank applies for SFB license with RBI

Fino Payments Bank applies for SFB license with RBI

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Fino Payments Bank has applied for a small finance bank (SFB) license with the Reserve Bank of India (RBI).
“During the quarter ended December 31, 2023, the Reserve Bank of India has received one application under the Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector dated December 05, 2019 from Fino Payments Bank Limited,” RBI said in a statement on January 8.

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On July 28, the bank’s board approved the proposal for the…
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Source: https://www.moneycontrol.com/news/business/banks/fino-payments-bank-applies-for-sfb-license-with-rbi-12017831.html/amp

Indian Bank bars staff from conclaves, seminars, and felicitations till Mar 31

Indian Bank bars staff from conclaves, seminars, and felicitations till Mar 31

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Public sector lender Indian Bank has instructed its senior employees across circles not to conduct any business conclaves, seminars, or felicitation functions till March 31.
“It is directed by the top management that no level campaigns with any of our channel partners are to be conducted till March 31, 2023. All focus to be diverted on business parameters of the bank, “said an internal circular of January 5, that Moneycontrol has reviewed.

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“It is directed by the…
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Source: https://www.moneycontrol.com/news/business/indian-bank-bars-staff-from-conclaves-seminars-and-felicitations-till-mar-31-12016641.html/amp

Bank borrowings increase by 67 per cent in 2023

Bank borrowings increase by 67 per cent in 2023

MUMBAI: Borrowing by banks climbed last year, on average by as much as two-thirds in aggregate, as the central bank’s liquidity mop-up to tame consumer prices coincided with higher demand for credit and trailing deposit growth. HDFC Bank’s mid-July merger with mortgage-lending pioneer HDFC also caused borrowings to swell for mainstream lenders under the central bank’s watch.
Reserve Bank of India (RBI) data showed average bank borrowings on a fortnightly basis were at Rs 6.39 lakh crore from January 13 to December 15, 2023. That’s 67% higher than average fortnightly borrowing of Rs 3.81 lakh crore over the comparable period in 2022.
Figures listed under the ‘borrowings’…
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Source: https://b2bchief.com/bank-borrowings-increase-by-67-per-cent-in-2023/