Wed, Aug 28, 2024
Bank of Baroda Share Price NSE, BSE: The PSU Bank stock has given a multibagger return of 236 per cent in three years and a 95 per cent return in two years.
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Thu, Aug 15, 2024
The Karnataka government ordered all its departments, boards, corporations, public sector units and universities to withdraw all their deposits and investments in the State Bank of India and the Punjab National Bank and stop any business with these institutions on August 12. The order was reported on August 14.
Tue, Jul 30, 2024
Minimum Balance Rules at PSU Banks: Do you know how much money you pay in charges and fees for failure to maintain the required balance in your savings account at a public sector (PSU) bank? The government recently shared some interesting details about the recent trends in the penalties, covering a wire range of aspects. Here is a summary of the response submitted in the Lok Sabha - the lower house of Parliament - in response to questions raised by some members about the penalties that PSU banks impose on customers failing to maintain the Average Monthly Balance (AMB) in their savings accounts.
Mon, Jul 22, 2024
According to the BSE Analytics, the counter has given 259.50 per cent return in two years. However, in one year the counter has given a return of 51.90 per cent.
Tue, Jul 02, 2024
PSU Bank FD Interest Rates for Senior Citizens: Most commercial banks in India offer higher fixed deposit returns to customers aged 60 and above compared to younger depositors. As of July 1, State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BoB) provide interest rates ranging from 4 per cent to 7.75 per cent per annum on term deposits up to Rs 3 crore for senior citizens, which are typically 50 basis points (bps) higher than rates for depositors under 60. These banks offer varying lock-in periods for these fixed deposits, ranging from seven days to 10 years, as per their respective websites.
Thu, Jun 20, 2024
As the Dalal Street participants gear up for yet another trading session, global brokerage Macquire has revised its stance on some financial stocks. Here is a list of banks and Non-Banking Financial Companies (NBFC) brokerage recommended.
Fri, Mar 01, 2024
Best PSU Bank Stocks To Buy in 2024, PNB Share Price Target, SBI Share Price Target: The Nifty PSU Bank Index has delivered 162 per cent returns since March 2022.
Sat, Apr 29, 2023
The government on Saturday appointed Rajneesh Karnatak as managing director of Bank of India (BoI) while Debadatta Chand as head of Bank of Baroda (BoB).
Thu, Feb 09, 2023
SBI reported its highest-ever quarterly Profit After Tax (PAT) in December quarter at Rs 142 billion on continued strong margin uptick and reversal of MTM provisions, partly offset by higher standard asset provisions, Emkay said in its report
Fri, Feb 03, 2023
Total income during October-December 2022 increased to Rs 27,092 crore as against Rs 20,482 crore in the year-ago period, BoB said in a regulatory filing.
Sun, Jan 22, 2023
In the first half of FY23, the cumulative net profit of all PSBs increased by 32 per cent to Rs 40,991 crore. The combined profit more than doubled to Rs 66,539 crore in 2021-22 despite COVID-19 pressure.
Thu, Dec 29, 2022
Nilesh Jain, who is Assistant Vice President - Lead Derivative and Technical Research at Centrum Broking, recommended buying SBI shares for targets of Rs 630 and Rs 650, estimating a 7 per cent upside from current levels. The support, he said, is at Rs 585
Fri, Dec 23, 2022
Indian shares posted their worst performance in six months hit by US economic data as the country reported better than estimated GDP growth numbers from July through September despite sharp interest rate hikes being undertaken by the US Federal Reserve
Wed, Dec 14, 2022
The Delhi headquartered Oriental Insurance has not hired any fresh employee for the past five years, in the case of the Kolkata headquartered National Insurance it is four years since the company saw fresh blood.
Sun, Nov 13, 2022
The Pune-headquartered lender recorded 28.62 per cent increase in gross advances at Rs 1,48,216 crore at the end of September 2022, according to published quarterly numbers of public sector banks (PSBs).
Wed, Nov 09, 2022
Shares of these three public sector lenders have reported stellar growth in terms of both month-on-month (MoM) and year-to-date (YTD) in October, according to a report released by Motilal Oswal.
Mon, Nov 07, 2022
Goldman Sachs upped the target to Rs 770 from Rs 728, estimating over Rs 170 per share gains for the investors. The American investment bank and financial services company recommended this stock at a price of Rs 594
Sat, Oct 22, 2022
The public issue consists of a fresh issue of equity shares worth up to Rs 500 crore and an offer-for-sale (OFS) of up to 141,299,422 equity shares by promoter and selling shareholders, as per the draft red herring prospectus (DRHP).
Mon, Sep 26, 2022
Extending losing streak for the fourth straight day, benchmarks Nifty50 closed near 17,000-mark, while the Sensex dropped around 900 points to end near 57,150, dragged by Auto, Metal, PSU Bank and Realty stocks
Tue, Aug 30, 2022
Managing directors and executive directors of all public sector banks who participated in the meeting were asked to focus on credit growth during the festive season, beginning in September
Tue, Aug 09, 2022
Of the total 12, three lenders -- State Bank of India (SBI), Punjab National Bank (PNB) and Bank of India -- reported fall in their profits ranging from 7-70%
Fri, Jul 22, 2022
Former SBI chairman Bhattacharya clarified that she is all for having reviews and ensuring that people who need to be changed should be changed, but added that one should be given an opportunity with the objective of continuity in mind
Wed, Jun 22, 2022
Zee Business Exclusive: Privatisation of Public Sector process may get a fillip as the government may take up the Banking Law Amendment Bill during the upcoming Monsoon Session of the Parliament. Zee Business' Tarun Sharma reports
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