Bank of Baroda is keen on having a common strategic foreign partner for both its mutual fund and the proposed life insurance venture.
Bank of Baroda on Tuesday said it would increase deposit rates by 25 basis points with effect from either January 27, 2006 or February 1, but would not go for any change in the lending rates.
The Industrial Finance Corporation of India is likely to be merged with the Punjab National Bank or the Bank of Baroda and a final decision is expected to be taken shortly.
The markets opened on a strong note due to continued optimism on the back of expected robust third quarter corporate performances
With bank scrips getting into the limelight, the Stock Exchange, Mumbai has decided to launch a new index, Bankex, consisting 12 stocks including SBI, ICICI Bank, HDFC Bank and Bank of Baroda from Monday.
R N Subramanian, manager-foreign exchange, Canara Bank, will be the new chairman of the Forex Association of India for the current financial year 2004-05
To mark its 150th year of inception, Standard Chartered Bank would strengthen its presence in the country and open 23 new branches and 81 ATMs in this calendar year.
BBPS allows you to pay electricity, telephone, water supply, gas and DTH bills. Its scope will be expanded to include other payments like school and university fees, government taxes, insurance premiums, mutual fund investments, even credit card bills.
Vijay Mallya left India on March 2, presumably for London.
SBI has the highest exposure of Rs 1,600 crore to the beleaguered Kingfisher Airlines.
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das on Friday said there was no need to panic over the feared security breach that affected over 32 lakh cards.
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
B Sriram, the senior-most managing director at SBI, along with fellow MDs Rajnish Kumar, P K Gupta, and Dinesh Kumar Khara had been interviewed for the post
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The board of state-run Bank of Baroda has approved a proposal to return Rs 91.9 crore (Rs 919 million) of capital against recapitalisation bonds to the government, the National Stock Exchange said on Tuesday.\n\n\n\n
The NSE Nifty settled the day 93.20 points or 0.88 per cent lower at 10,452.30 after shuttling between 10,612.90 and 10,434.05.
The breadth, indicating the overall health of the market, turned negative. On the BSE, 1,581 shares declined and 1,246 shares fell. A total of 165 shares were unchanged.
The two troubled subsidiaries of Reliance Capital have over Rs 20,000 crore debt of both the companies. Reliance Home Finance has a debt of Rs 11,500 crore and Reliance Commercial Finance owes Rs 9,000 crore to lenders.
The wider NSE Nifty touched a low of 10,652.40 before finishing at 10,671.40, showing a loss of 97.75 points, or 0.91 per cent.
Diageo, which had acquired Mallya's United Spirits nearly six years ago, is claiming $40 million paid to the liquor tycoon as part of an alleged breach of agreement.
The consortium led by SBI has also initiated the process of recovery.
The markets opened the first trading day of 2007 on good note
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day.
Money managers have turned cautious about the technology space.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
In January 2017, the growth in total premium was Rs 13,138 crore, against Rs 10,284 crore in January 2016, a growth of 28 per cent.
