The tenure of Murali Ramakrishnan as the managing director and chief executive officer of Thrissur-based South Indian Bank is set to be over by September 2030. During the first quarter of 2023, the bank posted a 75 per cent rise in net profit. Ramakrishnan lines up the reasons for better performance, future outlook and… Continue reading With a GDP growth of 6.5%, we will be growing at 13%: South Indian Bank CEO
Tag: Bank
State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%
State Bank of India, the country’s largest lender, has raised Rs 10,000 crore through 15-year infrastructure bonds, priced at a finer rate of 7.54 per cent amid hardening yields due to a hawkish stance taken by the Japanese central bank. SBI executives said the yield was lower than the 7.7 per cent for… Continue reading State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%
TCS reclaims title of 2nd most valued firm by mcap; HDFC Bank 3rd place
Largest IT services company Tata Consultancy Services (TCS) jumped to the second spot in the list of most valued firms by market valuation, overtaking HDFC Bank. At the close of trade on Monday, TCS commanded a market capitalisation (mcap) of Rs 12,51,798.07 crore which was Rs 6,049.69 crore more than HDFC Bank’s Rs… Continue reading TCS reclaims title of 2nd most valued firm by mcap; HDFC Bank 3rd place
Improved detection, reporting bring down bank fraud cases: MoS Finance
Improved detection and reporting, along with steps taken to check bank frauds, have resulted in a sharp decline in the occurrence of such incidence, Parliament was informed on Monday. Sharing data, Minister of State for Finance Bhagwat Karad said bank frauds have declined from Rs 77,544 crore in 2013-14 to Rs 1,650 crore… Continue reading Improved detection, reporting bring down bank fraud cases: MoS Finance
Jana Small Finance Bank refiles IPO papers, seeks to raise Rs 575 cr
Indian lender Jana Small Finance Bank [JANA.BO] has resubmitted its application for an initial public offering, two years after pulling its previous plan due to the pandemic and the last year it could remain private according to local market regulations. The offer consists of fresh issue of shares worth up to 5.75 billion… Continue reading Jana Small Finance Bank refiles IPO papers, seeks to raise Rs 575 cr
Trend bullish for Nifty50, Bank Nifty indices; buy near support levels
The Nifty Index, presently trading at 19,646.05, is displaying a bullish trend on charts. Despite the recent weakness, the index has managed to find support near the 20-day Exponential Moving Average (20DEMA) at 19,575. This support level is crucial for traders to monitor, as a close below it could trigger further correction in the near… Continue reading Trend bullish for Nifty50, Bank Nifty indices; buy near support levels
Maha govt seeks World Bank aid for upgrading infra, capacity building
Speaking at a meeting with WB’s executive directors here, Shinde said the World Bank was not just a fund-giving body but is a source of knowledge for developing countries. Maharashtra Chief Minister Eknath Shinde on Sunday sought the assistance of the World Bank for upgrading infrastructure and capacity building. Speaking at a meeting… Continue reading Maha govt seeks World Bank aid for upgrading infra, capacity building