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.
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.
Tech Check: Coal India bottoming out; reversal for PNB imminent We have collated a list of stocks which remained in focus on Tuesday because of their price action. The technical outlook is limited to near and medium-term.
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.
Punjab National Bank's board gives in-principle approval for the merger of Oriental Bank Of Commerce & United Bank into co. It further approves capital infusion of up to Rs 18,000 cr by by the government https://t.co/5oVhVre7it
Market Headstart: Nifty likely to open gap-up; Kotak Mahindra, Maruti Suzuki top sell ideas Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 34 points gain or 0.31 percent. Nifty futures were trading around 10,891-level on the Singaporean Exchange.
Moody's upgrades PNB's outlook to positive Moody's Investors Service also said it has affirmed the local and foreign currency deposit ratings of PNB at Ba1/NP, and affirmed the bank's baseline credit assessments (BCAs).
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.
Time to buy? 27 stocks in largecap index fall 10-30% from highs There are as many as 27 stocks in the S&P BSE Largecap index which have fallen 10-30 percent from their respective 52-week high recorded in the year 2019.
Stimulus package: PSU banks, auto to hog limelight; about 30 stocks to benefit Measures such as removal of surcharge on foreign portfolio investors (FPI) and removal of CSR violation as the criminal offence will cheer market participants
Top buy and sell ideas by Sudarshan Sukhani, Mitessh Thakkar, Prakash Gaba for short term Prakash Gaba of prakashgaba.com suggets buying Bajaj Auto Pharma with target at Rs 2810 and stop loss at Rs 2717.
Asset quality woes may dampen investor appetite for public sector banks While Yes Bank fund raising may have helped in restoring confidence in the banking sector to some extent, the story may vary for other lenders, especially state-run banks.