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RBI slaps Rs 1 cr fine on Yes Bank

Private sector lender Yes Bank on Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on Swift messaging software.  "The......

PNB reports Rs 11,400 cr fraud involving jeweller Nirav Modi, suspends 10

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank......

PSU stocks better placed in current market meltdown

Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered a double-digit rise,......

Banks in no hurry to cut lending rates

SBI chairperson says transmission only after deposit rates come downThe Reserve Bank of India cut its key policy rate by 25 basis points and vowed to improve liquidity in the market but banks are......

Govt infuses Rs 13,955 cr capital into 8 PSU banks

Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government. Eight public sector banks, including SBI, Punjab......
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Financial services firms may raise record Rs 1.2 trn via QIPs

In the past few months, 45 companies have signalled their intent to raise money through the institutional placement route. A clutch of financial... ...

http://www.rediff.com/money/report/financial-services-firms-may-raise-rs-12-trn-via-qips/20190719.htm
RBI fines SBI Rs 7cr, Union Bank Rs 10L for violations

The Reserve Bank of India has fined State Bank of India and Union Bank of India Rs 7 crore and Rs 10 lakh respectively for non-compliance with... ...

https://timesofindia.indiatimes.com/business/india-business/rbi-fines-sbi-rs-7cr-union-bank-rs-10l-for-violations/articleshow/70236067.cms
Mid- and small-cap stock indices not yet out of the woods

The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has... ...

http://www.rediff.com/money/report/mid--and-small-cap-stock-indices-not-out-of-the-woods/20190710.htm
Top buy and sell ideas by Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakkar for short term

Ashwani Gujral of ashwanigujral.com advices buying Union Bank of India with a stop loss of Rs 80, target of Rs 89. ...

https://www.moneycontrol.com/news/stocks-views/top-buysell-ideas-by-ashwani-gujral-sudarshan-sukhani-mitessh-thakkar-for-short-term_12703541.html
Union Bank cuts MCLR rate

The Union Bank of India has pared its marginal cost of funds based lending rate (MCLR) by 5 basis points across all tenors with effect from July 1. Th ...

https://www.thehindubusinessline.com/money-and-banking/union-bank-cuts-mclr-rate/article28251592.ece

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