Latest Updates Around The World
Shares of State Bank of India (SBI), the country’s largest public sector lender, are expected to remain in focus during Monday’s trading session after a strong performance in the third quarter of FY26. The bank reported robust earnings growth, steady improvement in asset quality and healthy loan growth, prompting brokerage Nuvama Research to raise its […]
PSU lender Punjab National Bank (PNB) reported 9.6% year-on-year growth in its global business at Rs 28.92 lakh crore in the quarter ended December, compared to Rs 26.39 lakh crore in the year-ago period. It rose 3.8% QoQ compared to Rs 27.86 lakh crore in Q1FY26.Its domestic business grew 9% year-on-year to Rs 27.65 lakh […]
Shares of IndusInd Bank fell 1.2% to their intraday low of Rs 837.60 on the BSE on Friday, December 26, following fresh developments related to a probe by the Serious Fraud Investigation Office (SFIO). The bank announced that it has received a formal letter from SFIO requesting information in connection with an ongoing investigation into […]
With the oversubscription of the offer-for-sale (OFS) of the State Bank of Maharashtra, the government is expected to realize about Rs 2,492 crore by diluting its 6 per cent stake in the bank.The allotment of shares would give the Pune-based lender a Minimum Public Shareholding policy that complies with Sebi norms. Bank of Maharashtra’s OFS […]
The government on Tuesday decided to exercise the green shoe option with the clear intention of offloading 6 percent stake in Bank of Maharashtra (BoM) through an offer for sale, following overwhelming response from investors on the first day of subscription. BoM’s OFS opened for subscription to non-retail investors earlier on Tuesday at a floor […]
Emirates NBD, Dubai’s largest banking group, has announced an open offer to acquire up to 26% of RBL Bank at Rs 280 per share, valuing the deal at Rs 11,636 crore. The open offer, made in accordance with Sebi rules, follows the bank’s plan to acquire a majority stake in RBL Bank through a preferential […]
The rates of Moody on Tuesday said that the strong domestic economic environment of India will continue to support economic growth, so that banks can maintain the quality of the health of the assets and keep the number of non -performance loan (NPL) between 2-3 percent in the next 12 months.In a report aimed at […]
