Multibagger PSU Bank To Mull Fund Raising On Dec 28, Shares Fall 2.21% In 1-Week Goodreturns
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Category: Punjab National Bank
Buy PNB Housing Finance; target of Rs 1025: Motilal Oswal
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Motilal Oswal’s research report on PNB Housing Finance
Over the past two years, PNBHF has successfully transformed its business model into retail (both prime and affordable verticals) and has reduced its corporate loan book to ~4% of the AUM mix. In Apr’23, PNBHF completed its rights issue of ~INR25b, which has brought in confidence capital and has strengthened its case for a credit rating upgrade from credit rating agencies (CRAs). India Ratings recently upgraded PNBHF to AA+. PNBHF has set up an affordable…
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RBI’s stricter HFCs norms to have minimal impact on PNB Hsg, LIC Hsg, Can Fin Homes, say analysts
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PNB Housing, LIC Housing Finance and Can Fin Homes will see limited to no impact of Reserve Bank of India’s proposed stricter norms for deposit-taking housing finance companies (HFCs), analysts said.
The central bank on January 15 proposed to reduce the ceiling for public deposits held by HFCs to 1.5x from 3x of net owned funds.
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Bunty Chawla, AVP-BFSI at IDBI Capital Markets & Securities explained that earlier HFCs could have deposits up to Rs 300 for Rs 100 of…
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Union Bank surpasses Rs. 1L crore valuation; joins SBI, PNB
Union Bank surpasses Rs. 1L crore valuation; joins SBI, PNB
Business
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A recent note from Motilal Oswal states that state-run banks are due for a re-rating
Source: https://www.newsbytesapp.com/news/business/union-bank-of-india-crosses-rs-1l-crore-valuation/story
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“India’s digital infra will help it take AI leap” PwC’s Bob Moritz on India’s digital transformation
PwC Global Chairperson Bob Moritz along with India Chairperson Sanjeev Krishan speak to Moneycontrol’s Chandra R Srikanth on PwC’s Global CEO Survey. On one hand the CEOs are optimistic heading into 2024, on the other, almost half of them are concerned about business viability amid acceleration of tech and climate pressure. Moritz and Krishan decode the PwC Global survey, also throwing light on how India Inc is placed.
Being bullish on India’s growth, Moritz highlights how India is…
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Source: https://www.moneycontrol.com/
ACEN guarantees $320-m loan of unit from PNB, RCBC
ACEN Corp. said Monday said it issued corporate guarantees to Philippine National Bank and Rizal Commercial Banking Corp. which lent $320 million to ACEN Cayman, one of its international units.
ACEN said in a disclosure to the Philippine Stock Exchange it issued corporate guarantees in support of ACEN Cayman to PNB for $140 million and RCBC for $180 million on Jan. 12, 2024.
“This loan obtained by ACEN Cayman shall be used to redeem the redeemable preferred shares held by AC Energy Finance International Limited [ACEFIL] in ACEN Cayman; the proceeds will in turn be used by ACEFIL to redeem its maturing green bonds,” the company said.
ACEN, the listed energy platform of the…
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Source: https://manilastandard.net/business/314407556/acen-guarantees-320-m-loan-of-unit-from-pnb-rcbc.html
PNB Gilts, MD, Mr. Vikas Goel In Conversation With Anil Singhvi | Zee Business – Zee Business
PNB Gilts, MD, Mr. Vikas Goel In Conversation With Anil Singhvi | Zee Business Zee Business
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Yes Bank makes biggest market cap gain among banks in Q4 2023
NEW DELHI: Yes Bank posted the highest percentage increase in market capitalization among Indian banks in the quarter ended December 31, 2023. Market capitalization for the lender rose 24.4 per cent to Rs 616.94 billion from October to December, helping Yes Bank move two slots higher to 14th position in the list of top 20 Indian banks by market cap, according to S&P Global Market Intelligence data & analysis. In terms of market cap percentage growth, Punjab National Bank was just behind Yes Bank with a quarterly increase of 19.4 per cent to 1.054 trillion in the three months ended December 31, 2023. This saw it gain one spot from a quarter ago, to eighth position on the top 20 list,…
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Metropolis Healthcare makes the ban list, PNB may enter
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Polycab India (139.16 percent), Metropolis Heathcare (119.70 percent), Chambal Fertlisers and Chemicals (101.94 percent), Zee Entertainment (101.40 percent), Hindustan Copper (97.16 percent), Delta Corp (94.65 percent), BHEL (93.22 percent), PVR Inox (91.35 percent), Bandhan Bank (89.27 percent), Indus Tower (85.69 percent), India Cements (84.20 percent),Escorts Kubota (83.59 percent), Piramal Enterprises (82.71 percent), Steel Authority of India (82.30 percent), National Aluminium Company (81.80 percent) have…
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Punjab National Bank new FD interest rates for 2024 – Details here
This page is updated every day with the most recent Nagaland State Lottery results at 1 pm, 6 pm, and 8 pm. Check Republic Digital for the most recent Nagaland sambad state lottery winning numbers. Today’s results for the lottery Sambads in Nagaland State are “DEAR YAMUNA MORNING” (1 PM), “DEAR SEA EVENING” (6 PM), and “DEAR TOUCAN NIGHT” (8 PM). In India, only 13 states have made it legal to run lottery games and play them; the remaining governments have outright banned both. One of the thirteen Indian states where holding and playing lotteries has been permitted since 1967 is Nagaland. The remaining 12 states consist of the following: Assam, Mizoram, Kerala, Meghalaya, Manipur,…
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