Federal Bank on Saturday reported two-fold jump in net profit for the March quarter at Rs381.5Crore due to higher interest income and lower provisioning. The bank had posted a standalone net profit of Rs144.99-Crore in the Q4FY2018 fiscal. Total income Read more
Benchmark indices extended fall with the Nifty50 falling below its key level of 11,600. The RBI reduced repo-rate by 25bps to 6% today, in line with expectation and kept the stance unchanged to Neutral. The Nifty IT index was the Read more
Shares in Corporation Bank, Allahabad Bank and Dhanlaxmi Bank surged in early morning deals after the RBI took them out of the PCA framework and permitted them to resurrect normal lending activities and expansion of businesses. However, the relaxation is conditional Read more
Shares in UCO Bank advanced to great extent in the bearish market, Tuesday.
The banking unions are conducting a strike across India today against the proposed amalgamation/Merger of Vijaya Bank and Dena Bank with Bank of Baroda.
Banking stocks such as PSU Bank, Private Bank, Financial Services including Non banking financial companies (NBFCs) extended on Thursday post the appointment of the new RBI Governor. During Mid-noon hours of trade, the Nifty PSU Banks index is seen 1.72% Read more