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Bank Of India
Business  /  Published 10.07.20

AT1 bonds stage a comeback after Yes Bank fiasco

Yes Bank on Friday said it has set a floor price of Rs 12 per share and a cap of Rs 13  per share in its follow-on offer which opens on July 15.  ...
By Our Special Correspondent in Mumbai

Business  /  Published 08.07.20

ICICI board clears plan to raise Rs 15,000 crore

Two more private sector banks have joined the funds chase as they are set to mobilise at least Rs 25,000 crore to boost capital at a time bad loans are projected to rise following the Covid-19 pandemi...
By Our Special Correspondent in Mumbai

Business  /  Published 08.07.20

SBI reduces lending rate, effective from July 10

SBI on Wednesday said it has reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points. However, the reduction, which will be effective from July 10, will apply for shorter ten...
By Our Special Correspondent in Mumbai

Business  /  Published 07.07.20

HDFC Bank cuts marginal cost of funds-based lending rate

HDFC Bank on Tuesday joined the list of lenders to reduce their marginal cost of funds based lending rate (MCLR) in a move that will make loans cheaper to its customers. The bank went for the rate cu...
By Our Special Correspondent in Mumbai

Business  /  Published 05.07.20

Bank recap on plate

The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time, sources said. ...
By PTI in New Delhi

Business  /  Published 02.07.20

MSMEs need wide range of support

The government has to take more steps besides lowering the cost of credit to make Indian MSMEs competitive in the global market, according to bankers. Punjab National Bank MD and CEO S.S. Mallikarjun...
By A Staff Reporter in Calcutta

West Bengal  /  Published 30.06.20

Withdraw RBI ordinance: CM

Mamata Banerjee wrote to Rajiv Kumar, the vice-chairman of Niti Aayog, urging him to prepare a master-plan for the Sundarbans as the delta with 50 lakh population was facing multiple challenges, inclu...
By Pranesh Sarkar in Calcutta

Business  /  Published 29.06.20

RBI move to lower long-term yields

The Reserve Bank of India (RBI) on Monday said it would perform another round of simultaneous sale and purchase of government bonds — called Operation Twist — on July 2 as it looks to tamp...
By Our Special Correspondent in Mumbai

Business  /  Published 29.06.20

NPA warning after end of moratorium

The surge in equity markets is not linked to economic recovery and may be a sign of irrational exuberance, economists at the SBI said on Monday, pitching for a second round of fiscal support to help t...
By PTI in Mumbai

Business  /  Published 15.06.20

Sensex tumbles over 300 points

Equity benchmark Sensex tumbled over 300 points in early trade on Monday dragged by losses in financial stocks amid weak cues from global markets and persistent foreign fund outflow.After touching a l...
By PTI in Mumbai


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