Market Headstart: Nifty seen opening flat; Biocon, MindTree top buys Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 16.5 points gain or 0.15 percent. Nifty futures were trading around 11,277-level on the Singaporean Exchange.
OBC to offer retail, small biz loan products linked with repo from October 1 Interest rates on these products will directly be linked to an external benchmark, which in this case is the repo rate, the bank said in a release
Stocks in the news: NALCO, Reliance Comm, NTCP, Laurus Labs, Tata Comm, RITES, Madhav Infra Central Bank of India | Tata Communications | NALCO | RITES | NTPC and OBC are among stocks which are in news today.
Stocks in the news: Central Bank of India, Tata Communications, NALCO, RITES, NTPC, OBC Central Bank of India | Tata Communications | NALCO | RITES | NTPC and OBC are among stocks which are in news today.
Banking wrap: RBI issues draft norms for SFB licensing; govt asks lenders to use NCLT as last resort Weekly wrap: RBI's new loan pricing norm may put banks in a fix, NBFCs' outlook remains grim and a checklist for customers of merging PSBs
Stocks in the news: Dr Reddy's Labs, PNB, SBI, PVR, Oriental Bank, DHFL, L&T Finance Dr Reddy's Labs | PNB | State Bank of India | PVR | Oriental Bank of Commerce | DHFL | L&T Finance Holdings are the stocks which are in news today.
New business verticals, foreign transfers in store for merging bank employees: PNB PNB has identified 23 internal working groups and will soon float Request for Proposals (RFPs) to appoint a consultant for restructuring products and services that are best-suited for the customers of the merged entity.
Stocks in the news: Tata Motors, Sun Pharma, HCL Tech, Glenmark, Indiabulls Real, TCS, JSW Energy Reliance Capital | DFM Foods | Quess Corp | Indiabulls Housing Finance | HCL Technologies and OBC are stocks, which are in news today.
Stocks in the news: Tata Motors, Sun Pharma, HCL Tech, Glenmark, Indiabulls Housing, Reliance Capital Reliance Capital | DFM Foods | Quess Corp | Indiabulls Housing Finance | HCL Technologies and OBC are stocks, which are in news today.
Explained: Here's a checklist to track if your bank is getting merged Punjab National Bank, Union Bank of India, Canara Bank and Indian Bank are the anchor banks and customers of these banks will not be affected.
Stocks in the news: Bajaj Finance, Tech Mahindra, TCS, Ashok Leyland, Datamatics Global Orient Green Power Company | Bajaj Finance | Prabhat Dairy | Sundram Fasteners | TCS and Datamatics Global are stocks, which are in news today.
Stocks in the news: Bajaj Finance, Tech Mahindra, TCS, Karur Vysya Bank, Datamatics Global Orient Green Power Company | Bajaj Finance | Sundram Fasteners | TCS and Datamatics Global are stocks, which are in news today.
PNB board approves amalgamation with OBC, United Bank The board meeting held on Thursday followed the finance ministry asking the three banks to consider the proposal of amalgamation, PNB said in a regulatory filing.
Bank mergers: Here is how the insurance JVs and policy holders will be impacted In cases where one bank promotes two insurers in same category post merger, the companies will either have to be merged or sold
After big bang PSU banks merger, what should investors do and which stocks to buy? Abhimanyu Sofat of IIFL Securities said merger of relatively better run Indian Bank with Allahabad Bank is disappointing.
Buzzing stocks: PSB stocks crack up to 9%; Nifty PSU Bank index falls 4% The weakness seems to be a fallout of the government's announcement of merger of 10 PSBs into four on August 30 and the worries stemming from the move.
Gainers and Losers: Check out the top 10 stocks which moved the most this week Oberoi Realty gained 23 percent along with OBC and HDFC AMC which added 20 percent and 17 percent respectively were the top gainers while RBL Bank and Vodafone Idea were the top losers.
PSU banks rally amid mega merger buzz; Syndicate, Allahabad, OBC gain 4-9% The Nifty PSU Bank index recovered 3.7 percent from day's low after this merger news and gained a percent at the time of publishing this article.
Stocks in the news: Yes Bank, Nalco, Mahanagar Gas, Page Industries, Adani Transmission, Hexaware NBCC | Nalco | Mahanagar Gas | Page Industries | Adani Transmission | Hexaware Technologies and Engineers India are stocks which are in the news today.
Market Headstart: Nifty may see gap down opening; Infosys, Avenue Supermart top buys Trends on SGX Nifty indicate a negative opening for the broader index in India, with 0.64 percent loss or 70 points. Nifty futures were trading around 10,944-level on the Singaporean Exchange.
Stocks in the news: ITC, RIL, Nestle, NIIT, Coffee Day, DHFL, Union Bank, Bata India, JK Cement Nestle India | NIIT | Coffee Day Enterprises | DHFL | Union Bank | Bata India and JK Cement are stocks which are in the news today.
Banking wrap: State-owned banks gear up to raise equity, SBI says limited room for improvement in margins The RBI slapped fine on eight public sector banks for violating norms on fraud classification, bill discounting and monitoring of end use of funds
RBI slaps fine on eight public sector banks for violating norms Bank of Baroda, Bank of India, Indian Overseas Bank and Union Bank of India were fined Rs 1.5 crore each, while Allahabad Bank and Bank of Maharashtra were penalised Rs 2 crore each. Oriental Bank of Commerce was penalised with Rs 1 crore, the RBI said.
💠💠 State-owned Oriental Bank of Commerce (OBC) State-run Oriental Bank of Commerce (OBC) posted net profit of ₹112.68 crore in the June quarter, as fewer new loan accounts turned bad and higher recovery of soured loans. It reported loss of ₹393 crore in the year-ago period and...