On Thursday, Ashok Leyland announced a partnership with CSB Bank Ltd to provide automobile financing solutions to its clients.The two firms have inked a Memorandum of Understanding, and the collaboration would allow them to provide customized financial solutions to the automaker’s clients, according to Ashok Leyland.’Customers will benefit from the collaboration with CSB Bank by having access to financial products that are specifically geared for a hassle-free experience. We will be able to provide the best financial solutions to our wide range of commercial vehicle customers through our vast network of dealerships,’ Ashok Leyland CFO & Director Gopal…
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City Union Bank stock target: Fundamental Radar: 7 factors that make City Union Bank a good bet in the banking pack
SynopsisDespite being a smaller sized bank and having a concentrated presence in south India, City Union Bank has all the features of a large private bank, believes Sandeep Raina of Nuvama Professional Clients Group. This reflects in its robust performance metrics across NIMs, cost-income ratio, credit cost, PPoP-Assets and return ratios.3 mins read, Nov 24, 2023, 10:11:42 AM ISTMUMBAI – City Union Bank has been one the fastest growing small-sized banks in India with a rare status of being one of the most consistent in terms of growth and operating metrics. The bank delivered steady and superior return ratios and controlled its delinquencies till FY19. However, events such as…
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Bank Of Baroda closed today
Bank Of Baroda Stock Price TodayBank Of Baroda Share Price Today : On the last day, Bank of Baroda opened at ₹234.25 and closed at ₹232.2. The stock had a high of ₹235.7 and a low of ₹221.6. The market capitalization of the company is ₹115,668.7 crore. The 52-week high for the stock is ₹240 and the 52-week low is ₹146.5. The BSE volume for Bank of Baroda was 1,239,524 shares.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Indian Bank’s Net Profit up by 52% in Q3 FY23-24
Financial Results for the Quarter/Nine months ended as on 31st December 2023
Net Profit up by 52% YoY at Rs 2119 Cr in Dec’23 from Rs 1396 Cr in Dec’22
Profit Before Tax up by 78% YoY at Rs 2747 Cr in Dec’23 from Rs 1546 Cr in Dec’22
Operating Profit improved to Rs 4097 Cr in Dec’23 from Rs 4061 Cr in Dec’22
Net Interest Income increased by 6% YoY to Rs 5815 Cr in Dec’23 from Rs 5499 Cr in Dec’22
Fee based income grew by 21% YoY to Rs852 Cr in Dec’23
Return on Assets (RoA) up by 31 bps to 1.11% in Dec’23 from 0.80% in Dec’22
Return on Equity (RoE) increased by 471 bps to 19.92% in Dec’23 from 15.21% in Dec’22
Yield on Advances (YoA) up by 59 bps to 8.78%…
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Source: https://www.psuconnect.in/news/indian-bank-net-profit-up-by-52-percent-in-q3-fy23-24/40946
HDFC Bank pares further stake in CAMS, CLSA Global Markets buys further stake in Sunteck Realty
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HDFC Bank sold 10 lakh shares in Computer Age Management Services via 2 blocks at NSE and BSE. The stake sale was worth Rs 270 crore. Fidelity Emerging Markets Fund bought 2.82 lakh shares at Rs 2700 per share. The additional stake sale comes after the bank said it had sold 9.86 lakh shares in CAMS which is 2.01 percent of the shares in the company on January 23.
The share price of CAMS closed 0.25 percent lower at Rs 2,733 at NSE.
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In Sunteck Realty, Briarwood…
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Axis Bank underperforms Wednesday when compared to competitors
Published: Jan. 24, 2024 at 5:32 a.m. ET
Axis Bank Ltd. 532215 shares shed 2.77% to 1,058.75 Indian rupees Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P BSE Sensex Index 1 rising 0.98% to 71,060.31. Axis Bank Ltd. closed 92.75 rupees short of its 52-week high (1,151.50 rupees), which the company achieved on December 5. …
Axis Bank Ltd.
532215
shares shed 2.77% to 1,058.75 Indian rupees Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P BSE Sensex Index
1
rising 0.98% to…
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RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, IOB – The Tribune India
RBI slaps penalties totalling Rs 10.34 cr on Citibank, BoB, IOB The Tribune India
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Senior Citizen 5-Year FDs Of SBI, HDFC, ICICI, PNB vs SCSS: Where Should You Park Your Savings? | Personal Finance News
New Delhi: As seniors prioritize secure and reliable savings options, the choice often comes down to parking their money in either a bank fixed deposit or a post office small savings scheme. The Senior Citizen Savings Scheme (SCSS), a popular offering among the nine small savings schemes provided by the post office, stands out as a preferred choice for the older generation.
SCSS: Maturity Period And Interest Rates
The SCSS comes with a maturity period of five years, extendable for an additional three years. Currently, the scheme offers a guaranteed interest rate of 8.2 percent, effective from January 1, 2024. Once invested, the interest rate remains fixed throughout the tenure, and…
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Bank of Maharashtra Q2 net profit soars 72 per cent to Rs 920 cr
Bank of Maharashtra (BoM) reported a 72 per cent year-on-year (YoY) jump in second quarter net profit at Rs 920 crore, on the back of healthy growth in net interest income and other income, and a sharp decline in tax expenses. The robust growth in bottomline comes despite the Pune-headquartered public sector bank making provisions for standard/ restructured assets amounting to Rs 362 crore.The bank had reported a net profit of Rs 535 crore in the year-ago quarter.Net interest income (difference between interest earned and interest expended) was up 29 per cent YoY at Rs 2,432 crore (Rs 1,887 crore in the year-ago quarter).Other income, including fee-based income, treasury income and…
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Considering Fixed Deposits? Check out rate changes in Jan by top banks- Republic World
Tata Steel Q3 | Image:Tata SteelTata Steel Q3 FY24 results: Tata Steel, one of India’s leading steel producers, reported a consolidated net profit of Rs 522.14 crore for the October-December quarter, marking a significant turnaround from the net loss of Rs 2,501.95 crore in the same period the previous year. The robust domestic demand played a pivotal role in offsetting the weaknesses observed in the European market.This positive development comes after the company reported a net loss of Rs 6,511.16 crore in the second quarter, primarily due to impairment charges. Despite the challenges posed by higher coking coal costs, the steel industry benefited from increased steel prices, fueled by…
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