NCLT Admits Topworth Urja & Metals under CIRP State-owned lender Bank of Baroda had approached the bankruptcy court in 2018 against Abhay Lodha- promoted Topworth Urja & Metals after it defaulted on its dues of about ₹ 218 crore.
Bank of Baroda, Union Bank of India hike interest rates on loans After the Reserve Bank of India increased the repo rate by 50 basis points at its August monetary policy meeting, Bank of Baroda and Union Bank of India have followed suit and increased their marginal costs of funds-based lending rates (MCLR) on loans.
Bank of Maharashtra: The numero uno in terms of performance among public sector lenders The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end of June 2022, according to published quarterly numbers of the public sector banks (PSBs).
The numero uno in terms of performance among public sector banks The Pune-headquartered lender recorded a 27.10 per cent increase in gross advances to Rs 1,40,561 crore at the end of June 2022, according to published quarterly numbers of the public sector banks (PSBs).
Big Movers on D-St: What should invetors do with Home First, Bank of Baroda and EID Parry? It also formed long bullish candles on daily and weekly charts which is broadly positive. We are of the view that as long as the stock is trading above 20-Day SMA (Simple Moving Average) or Rs 560, the uptrend formation is likely to continue. Above which, it could move up to Rs 600-625.
Indian bonds most attractive in APAC Indian benchmark paper yielded 7.27% Thursday, ranking 14th in a pack of 15 countries in the Asia-Pacific region, show Bloomberg data. Pakistan, plagued with economic woes, is yielding 12.84% and is not technically comparable with India. Pakistan has total foreign exchange reserves of about $15 billion versus India's $574 billion.
Lower bad loans push PSU banks' profitability in June quarter In the June quarter, Bank of Maharashtra (BoM) and State Bank of India (SBI) were in the lowest quartile as far as Gross Non Performing Assets (NPAs) and net NPAs were concerned, according to an analysis of the quarterly financial numbers published by the public sector lenders.
Bank of Baroda to hike MCLR rates by up to 0.2 pc from Aug 12 Bank of Baroda said it will raise the marginal cost of fund-based lending rates (MCLR) by up to 0.20 per cent across tenors from August 12.
A lot of money can be made in financial stocks; 4 stocks to bet on: Rahul Shah “Financials is one sector which we have been very positive on and there should be a good rally from here onwards. There is still some steam left in the PSU banks as well as private sector large banks like ICICI, HDFC Bank and PSU banks like Bank of Baroda and Canara Bank.”
PSBs clock 9% rise in profit to Rs 15,306 crore in April-June Of the total 12, three lenders - State Bank of India (SBI), Punjab National Bank (PNB) and Bank of India - reported fall in profits ranging from 7-70%. Decline in profit by these lenders has been attributed to Mark-to-Market (MTM) losses due to hardening bond yields.
Bank of Baroda in talks with I Pru Life, LIC to raise Rs 1,000 cr via maiden infra bonds The bank aims to raise as much as Rs 1,000 crore in a private placement and a group of insurers including ICICI Prudential Life and LIC of India is in talks for subscription.
NCLT to hear only urgent cases due shortage of members The order states that there is a shortage of members throughout NCLT benches that is amplified further with “members seeking leave on account of a health and personal reason.”
U Gro ties up with Unicorn Yubi to share platform for co-lending Sequoia-backed Yubi is a Chennai-based fintech player that facilitates debt financing by connecting lenders and investors with borrowers through an online marketplace. It has tied up with over 240 co-lending partners and 500 lenders.
Yield surge erodes bank profits in Q1, SBI's the worst hit After ending at 6.80% in March, the benchmark bond yield had touched a high of 7.50% in June, the highest in more than three years on fears that rising inflation will force the Reserve Bank of India (RBI) to hike rates. It has since eased to end Monday at 7.35%. Banks have to compulsorily invest 18% of their deposits into government bonds known as statutory liquidity ratio (SLR).
Govt freebies putting fiscal balances under pressure The moment a government scheme is called a subsidy, it is frowned at. It is applauded if it's an 'incentive' or tax. When free bicycles are given by states, it is not unproductive as the cycle industry (mainly in Bihar) benefits from this outlay. The same holds with sewing machines (made popular in Tamil Nadu). Hence, if the schemes were called 'women' or 'girl' empowerment schemes with the prefix of a leader, it could have passed the 'test'.
Bank of Baroda hikes home loan interest rates: Check details here Bank of Baroda announced the hike in Baroda Repo Linked Lending Rate (BRLLR) effective from August 6, 2022. The hike has come after the Reserve Bank of India (RBI) announced the hike in key policy rates by 50 basis points in the August Monetary Policy meet review. Check the new interest rate here.
Banks make beeline to raise capital bonds after IRDAI push “The latest relaxation has increased investor appetite for AT1 bonds as banks will be able to raise more capital via such instruments," said Sushanta Mohanty, general manager – treasury at Bank of Baroda. “With credit demand coming up, it is helpful for banks," he said.