The BRLLR linked to RBI Repo Rate is revised downwards in line with the reduction on Reserve Bank of India Repo Rate from 5.15 per cent to 4.40 per cent
Earlier this month, JSL announced its exit from CDR framework. The company received a letter from the consortium of CDR lenders to this effect on March 4.
Thus far in the calendar year 2020, IndusInd Bank's share price has plunged 75 per cent from the level of Rs 1,511 on the BSE
Logo of the bigger bank to get prominence; Indian Bank name to be retained post amalgamation
Whenever a stock witnesses higher volumes, which is normally stronger than earlier candles, it indicates severe pressure.
The agency cited the lender's deteriorating asset quality as a threat to its profitability and capital.
Agency also cites deteriorating operating environment for decision; affirms lender's domestic and foreign bank deposit ratings
The matter pertains to a bank guarantee of Rs 6.97 crore furnished by BoB to Indian Oil Corporation (IOC) on behalf of Simplex Projects
At Rs 36,620 crore m-cap, the stock displaced AU Small Finance Bank, PNB and Shriram Transport among notable names
IOCL told the court it had entered into an agreement with Simplex Projects Limited in 2017 for undertaking certain work at the Bongaigaon facility of IOCL in Assam.
The oil company told the court that it had entered into an agreement with Simplex Projects Limited in 2017 for undertaking certain work at the Bongaigaon facility of IOCL in Assam
PM wants to review outcome of BoB amalgamation before taking a final call
With this reduction, the one-year MCLR has come down to 8.15 per cent per annum from 8.25 per cent, according to a bank statement; it will be effective from February 12, 2020
BoB's new managing director and chief executive Sanjiv Chadha tells Business Standard that while the bank has a comfortable capital base to grow he would prefer to visit the market
In the three months to December period, BoB's fresh slippages stood at Rs 10,387 crore, of which Rs 4,509 crore were on account of divergence found by the Reserve Bank for 2019 fiscal
Credit costs could stay elevated in the coming financial year
Posts net loss due to jump in NPA provisions on divergence
Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow
The bank, which is slated to report its Q3FY20 numbers later today, is expected to report a nearly 300 per cent rise in the net profit at Rs 1,851 crore on a year-on-year (YoY) basis.
Analysts say that the Nifty's close in the positive territory on Thursday might mean that the first leg of downside is over and a bounce back has resumed