Mon, Apr 08, 2024
Punjab National Bank's total advances in the fourth quarter were up by 11.5 per cent to Rs 9.86 lakh crore Year-on-Year (YoY). Its total deposits of the bank grew by seven per cent in the fourth quarter to Rs 13.70 lakh crore. After the results, Morgan Stanley maintained an 'underweight' rating for PNB with a target price of Rs 70. On the other hand, Bank of Baroda's domestic deposits increased by 7.75 per cent to Rs 11.28 lakh crore in the fourth quarter this fiscal from Rs 10.47 lakh crore in the same quarter last year.
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Fri, Apr 05, 2024
Total business of the Punjab National Bank rose 8.8 per cent to Rs 23.56 lakh crore as compared to Rs 21.65 lakh crore at the end of March 31, 2023.
Tue, Mar 26, 2024
Delhi Metro Rail Corporation (DMRC) awarded the naming rights to the bank for a period of 10 years, beginning from 2024, BoB said in a statement.
Mon, Apr 01, 2019
Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda has been notified on January 2, 2019. The notification has come into force on April 1, 2019, the RBI said in a notification.
Combined entity has a network of close to 9500 branches, approximately 13000 ATMs across India. (Vijaya Bank - ATMs approx 2000 & Branches approx 2050 , Dena Bank - ATMs approx 1500 & branches approx 1850) .
For existing investors in Dena and Vijaya Bank, their shares have now converted into BoB shares.
While BoB will see no changes in its operation, however, it would be Dena Bank and Vijaya Bank who will see new set of business and operations.
Shareholders of Vijaya Bank got 402 equity shares of BoB for every 1,000 shares held. In the case of Dena Bank, its shareholders received 110 shares of BoB for every 1,000 shares.
Following the strong Global markets, Nifty is having strong support around 11520-11540 and any dips towards that will be a buying opportunity for day traders.
Sun, Mar 31, 2019
The government in September last year announced the first-ever three-way consolidation of banks in India, with a combined business of Rs 14.82 lakh crore, making it the third-largest bank after State Bank of India (SBI) and ICICI Bank.
Sat, Mar 30, 2019
Rejecting the applications filed against the merger of these three banks, the apex court has agreed on staying firm on acquisition date to come into effect from April 01.
Fri, Mar 29, 2019
Continuing its merger plan for public sector banks, government last year, decided to merge one weaker lender Dena Bank and anchor lender Vijaya Bank with a 130 year old Bank of Baroda (BoB).
The finance ministry through its notification on Wednesday conveyed its decision to infuse capital of Rs 5,042 crore in BoB, the bank said in a regulatory filing.
Thu, Mar 28, 2019
In March 2019 FIIs have pumped around Rs 30,000 crore into the Indian equity market. Out of this, around 50 per cent have been attracted by the banking sector stocks.
The government has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Bank and Vijaya Bank with BoB.
Fri, Mar 22, 2019
The government has so far pumped Rs 1.90 lakh crore into PSBs since it announced the recapitalisation plan in October 2017.
Thu, Mar 21, 2019
Latest Fixed Deposit (FD) rates: Bank FDs have become very attractive. Check what SBI, HDFC Bank, Axis Bank, ICICI Bank, BoB are offering right now.
Fri, Mar 15, 2019
Everyone who has open a bank account is given a debit card for their financial transactions outside the ambit of banking premises. Debit cards can be used at either your bank branches or any other.
Thu, Mar 07, 2019
This segment of Zee Business brings to you latest update on Indian stock market trading today and stocks that supported the market. Watch full video to know more.
Wed, Mar 06, 2019
When a bank follows a cut in lending rates benchmark, one can surely expect their EMIs on home loan, personal loan and vehicle loan to get cheaper.
Tue, Mar 05, 2019
Bank of Baroda Recruitment 2019: Bank of Baroda has invited applications for the posts of Product Manager. Interested candidates can apply to the post through the prescribed format on or before 18 March 2019 at www.bankofbaroda.co.in/careers.htm.
Fri, Mar 01, 2019
The RuPay debit card comes with a host of features and benefits.
Thu, Feb 21, 2019
This scheme may be called the Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda Scheme, 2019, BoB said citing the government notification. "It (amalgamation) shall come into force on the 1st day of April, 2019," it said.
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