Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The bureau has also suggested the names of L V Prabhakar and Atanu Kumar Das for Canara Bank Bank of India chiefs, respectively
The bank did not factor in the effect of deferred tax assets for this quarter. It will, however, do it before March 2020.
Total income rose to Rs 22,097.91 crore for the second quarter of 2019-20, compared with Rs 13,429.95 crore a year ago
The bank, which got merged with Vijaya Bank and Dena Bank, posted a standalone profit of Rs 425.4 crore in the corresponding quarter of the previous fiscal (Q2FY19)
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Deputy chief executive officer Anand Shah to quit BNP Paribas AMC
SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts in the first phase.
The move comes a day after the public sector lender received capital infusion of Rs 7,000 crore from the Centre
BoB to focus heavily on women SHGs, looks to expand small loans, micro finance portfolio
Undoubtedly, this merger is going to create a case study for the students of management and banking professionals, this merger was of a different kind and of a larger scale also
The market may take time to digest the BoB-Vijaya-Dena merger but it could be a template for the next four mergers to create "NextGen" mega banks
Yogi govt may soon sign MoU with the PSU bank, Sidbi and some NBFCs to facilitate easy funding for small- and medium-sized units
Dena Bank and Vijaya Bank got amalgamated with Bank of Baroda from this April
BOB is amongst the better capitalised PSBs, with a common equity tier I capital of 8.49% in 1QFY20
Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank
While the market is looking at near-term implications of the merger like the pace of lending activity, banks are more concerned with long-term issues
10 banks to be merged into 4; Indian Bank & Allahabad to be one
After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017
Finance ministry has called a meeting with chief executives of ten public sector banks on Friday