Tag Archives: bank

Stocks in the news: YES, Bandhan Bank, Titan Company, ONGC and Sobha

NEW DELHI: Nifty futures on the Singapore Exchange were trading 107.50 point, or 1 per cent, higher at 10,886, indicating a strong start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade: Bandhan Bank: Bandhan Banks’s talks with HDFC to either buy into or merge with Gruh Finance, a mortgage-lender for the less affluent, ... Read More »

Government To Infuse 10,086 Crore Rupees Into Bank Of India

The Central government has decided to infuse Rs. 10,086 crore into Bank of India. The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential allotment. According to the filing, the bank’s board will consider “by way of circular resolution on or after January 2, 2019 ... Read More »

Bank of India posts ₹1,156 crore loss in Q2 on surging NPAs

Bank of India (BoI) on Monday reported losses of ₹1,156.25 crore for the September quarter as bad loans continued to mount and provisions soared. The bank was expecting to recover ₹1,800 crore from the NCLT (National Company Law Tribunal) accounts this quarter, but the resolution process was delayed. The bank had reported profit of ₹179.07 crore in the year-ago period. ... Read More »

KNR Constructions rises 6% on sanction from bank to finance HAM project worth Rs 1,234cr

Shares of KNR Constructions rose 6.5 percent intraday Friday after company received bank sanction to finance HAM Project (Hybrid Annuity Mode) worth Rs 1,234 crore. It has touched an intraday high of Rs 213.00 and an intraday low of Rs 203.65. KNR Shankarampet Projects, a wholly owned subsidiary of company has received sanction from bank to finance its HAM project. With the ... Read More »

More Than Half of Small Business Owners Expect Revenue Growth, TD Bank Reports

Optimism is high among small business owners, with revenue and staff growth on the mind of many in the U.S. This was one of the findings of TD Bank’s annual Small Business Survey, which found 53% of small businesses planned to grow in 2018, up from 46% in 2017. The number of small business owners planning to recruit more staff increased ... Read More »

Saudi-backed bank to grant loan to Pakistan: India must realise limits of weaning Riyadh away from Islamabad

The Saudi Arabia-backed Islamic Development Bank (IDB) is expected to grant Pakistan a loan of around $4 billion to repair the country’s acute balance of payments problem. This much-needed financial assistance will enhance Riyadh’s influence when Imran Khan takes over as prime minister of nuclear-armed Pakistan. Pakistan has also returned the favour by supporting Saudi Arabia in its diplomatic fight ... Read More »

Why bank stocks are rallying despite dismal Q1 results

The large losses in the March quarter were seen as the final sweep towards a clean balance sheet. Graphic: Mint Banking stocks have been on the rise in the past one month with those of public sector banks gaining the most. Indeed, in some cases, investors have been more gung-ho about a recovery in banks than the bank managements. Look ... Read More »

Bank FDs vs gold vs stocks: How much you would have earned

Photo: iStock Various asset classes give different returns, which is why a portfolio must have an ideal mix of investments. Here’s how four asset types have done in different periods. Click here for enlarge [“Source-livemint”] Read More »

Bank of Baroda to sell Essar Steel debt to Hong Kong’s SC Lowy

Bank of Baroda had reported gross NPAs of ₹ 56,480 crore as on 31 March 2018 compared to ₹ 42,719 crore a year ago. Photo: Pradeep Gaur/Mint Mumbai: State-owned Bank of Baroda is in the process of selling its domestic loan exposure in Essar Steel Ltd worth ₹ 1,200 crore to Hong Kong-based loan and bond trading firm SC Lowy, two ... Read More »

Home Ministry flags Chinese bank eyeing second branch in India

ICBC and Bank of China had applied for a branch licence with the RBI last year. (Photo: Reuters) At a time when the Centre has cleared the decks for the maiden Bank of China branch in India, the Ministry of Home Affairs is learnt to have raised objections to a proposal by the Industrial and Commercial Bank of China (ICBC) ... Read More »