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.
Wed, May 03, 2017
To give you better returns tax saving options, Mutual Funds come in competition with FDs. Mutual Funds are divided based on the asset class, and one of the most safest option is Debt Funds.
Sadagopan said, "FD rates are a problem area for those who are dependent on the interest from it for their sustenance."
Sun, Apr 16, 2017
In the Budget 2017-18 speech on February 1, Finance Minister Arun Jaitley announced capital infusion of Rs 10,000 crore for the current fiscal.
Fri, Mar 24, 2017
Shares of public sector banks rose by up to 4.5 % today after Finance Minister Arun Jaitley promised a solution to the growing NPA problem within next few days.
Sun, Feb 26, 2017
Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.
Sun, Feb 19, 2017
In a BSE filing on February 18, 2017, Jaiprakash Power said, "We wish to inform that upon approval of allocation of conversion of part of outstanding debt amount into equity shares amongst banks and financial institutions, the stakeholders relationship committee in its meeting, has alloted 305,80,00,000 equity shares of Rs 10 each at a price of Rs 10 per share to its lenders pursuant to implementation of SDR."
According to insurance industry reports, cyber crimes are growing at 40-50% annually globally. Similarly, global cyber risk insurance premium stood at $ 3.5 billion in 2016, which was only $ 2.5 billion in 2015, amply indicating growing incidents of cyber crimes across the world.
Sun, Feb 12, 2017
"We have always seen maximum security in all our IT systems. We are now considering to avail cyber insurance covers for our customers," SBI managing director Rajnish Kumar told PTI here.
Fri, Feb 10, 2017
Percentage of CASA deposits to total domestic deposits as at December 31, 2016 was 40.46% as against 34.23% as at September 30,2016.
Tue, Feb 07, 2017
NPCI expects all public sector banks to join its recently launched BHIM platform by the end of February this year.
Thu, Jan 26, 2017
State-run Bank of Baroda today launched EMI facility for its debit card holders to purchase electronics and consumer durables products.
Wed, Jan 11, 2017
Presently, other banks charge around Rs 5000-Rs 10,000 to switch loans rate to new loan rate.
Thu, Jan 05, 2017
Following other banks rate cut moves, Bank of Baroda and Bank of Maharashtra have lowered their home loan rates across tenors on Thursday.
Wed, Dec 14, 2016
Rajat Gandhi said“We are positive that the recent boost to non-cash payments will increase digitisation in every area of financial services including lending. With proper awareness and regulations, the sector can see an exponential growth in coming years and reduce a lot of burden from the banking sector too.”
Tue, Dec 06, 2016
Flushed with deposits, state-owned Bank of Baroda (BoB) on Tuesday cut benchmark lending rates by 0.2%. The new marginal cost of funds based lending rate (MCLR) will be effective from November 1, BoB said.
Tue, Oct 11, 2016
Stock breadth has been positive in the current calendar year so far, with 36 Nifty shares trading higher.
Mon, Sep 05, 2016
This IPO may allow a partial exit of the four sponsors in equal proportions.
Sat, Aug 13, 2016
Reserve Bank has authorised various bank branches, including those of SBI, ICICI, HDFC Bank, PNB and Bank of Baroda, to collect income tax dues in advance for the September quarter.
Thu, Aug 11, 2016
The total income decreased from Rs 12243.7 crore in Q1FY16 to Rs 11877.9 crore in Q1FY17, a decline of 2.9%.
Mon, Jul 25, 2016
The Reserve Bank of India (RBI) on Monday has imposed penalties of total Rs 7 crore on Bank of Baroda and HDFC Bank on the back of irregularities it found in both banks. The central bank has imposed penalities on the two banks under Section 35 (1A) of the Banking Regulation Act, 1949.
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