Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
Banks and insurers are beginning to reward customers who show exemplary conduct with lower prices and penalise those who behave poorly by imposing higher costs.
Mixed global cues and decline in crude oil prices further dent the sentiments.
India Inc is borrowing from global firms as interest rates sky rocket in India.
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
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2014 made a lot of promises; can the new year deliver?
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
Financial shares were the top losers.
In line with its global growth strategy, Bank of Baroda will open its representative office in Guangzhou, China, on June 28.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
Bank of Baroda plans to set up an offshore branch in Singapore, open another branch in Houston (Texas) in the US and a representative office in Thailand as part of plans to expand business overseas.
The Bank of Baroda on Thursday expressed its desire to acquire a bank in south or east India and said it was open to reduce the prime lending rate by 0.25-0.50 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The BSE Midcap also cut all its intraday gains to shed 0.3% at close
Bank of Baroda's subsidiary Bobcards Ltd will slash the interest rate on its credit cards to lowest ever level of 1.49 per cent per month, a move that will trigger off another rate cut war among banks and card issuers.
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The rupee had earlier this month touched a life time low of 61.21 to a dollar.
Flamboyant Australian Glenn Maxwell is expected to be a favourite, despite his under-whelming record, along with England's spin bowling all-rounder Moeen Ali, while Kerala's batting sensation Mohammed Azharuddeen could be in hot demand during a condensed IPL players' auction, to be held in Chennai, on Thursday.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
Bank of Baroda has decided to provide a 2 per cent interest subsidy on educational loans up to Rs 4 lakh (Rs 400,000) for higher studies.
The S&P BSE Sensex shed 42 points to close at 25,838 and the Nifty50 lost 13 points to end at 7,899.
India should opt for full convertibility of the Rupee, Lord Meghnad Desai, Member of the House of Lords said.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
The banking sector is set to move at a fast pace from hereon.
Broader market underperformed the headline indices
BoB's offer of a lower home loan rate to customers with credit scores of 760 and above makes it incumbent on everyone to pay heed to this all-important number.
Bank of Baroda has shelved its plan to induct a strategic partner in its wholly-owned subsidiary, Bobcards Ltd, even as the public sector entity plans to increase its ATM network to 500 by March 2004.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Bankers on Tuesday said the RBI's decision to hold key rates, coming after a decisive mandate received by the Narendra Modi government, was on expected lines and interest rates won't change even though the central bank's SLR cut infuses additional liquidity into the system.
Government to infuse funds in cash-strapped banks.
An Indian national has been killed in a protest demonstration in Uganda prompting New Delhi to take up the matter with Kampala.
Bank of Baroda on Monday cut its interest rates for loans upto Rs 50,000 for agriculture, SSI and other priority sectors.
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