Shares of state-owned bank stocks were under pressure on Monday due to muted deposit and credit growth numbers reported by these lenders in the October-December quarter (Q3) of 2024-25 (FY25). The Nifty PSU Bank index was down 4 per cent, with Union Bank of India emerging as the biggest loser as its shares fell 7.5 per cent to close at Rs 114.7, followed by a 5.7 per cent drop in shares of Bank of Baroda (BoB) to Rs 228 and a 4.7 per cent slide in shares of Bank of India to Rs 99.8 on the National Stock Exchange.
Andhra Pradesh finished the day at 57 for 3 in reply to Baroda's 262.
Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at around Rs 51,081 crore.
States are on track of fiscal consolidation with their total borrowings reaching Rs 5 trillion till October, which is 60 per cent of the projected borrowings of Rs 8.38 trillion till December 2024, according to data from official sources. Government officials said the lower-than-projected borrowings by states were a sign of prudent fiscal management by them. States announce their borrowing plans every quarter.
Baroda bundled out hosts Andhra for 204 and bagged two points by virtue of their first innings lead
Mumbai bowled out Baroda for 213 in the first innings on the opening day of the four-day Ranji Trophy match.
Yusuf Pathan played his second consecutive match-winning knock to lead Baroda to a convincing four-wicket victory over Maharashtra in the West Zone leg of the Vizay Hazare One-Day Championships in Pune on Wednesday.
RCB all-rounder Swapnil Singh, who entered the IPL in the second half and made an immediate impact, opened up on his "emotional" cricketing journey that saw him experience numerous ups and downs and his relationship with star batter Virat Kohli.
Hosts Baroda pocketed three valuable points by virtue of the first innings lead after their Ranji Trophy Group B match against Vidarbha ended in a tame draw in Vadodara.
Maharashtra earned three vital points by vitue of a handy 87 runs first innings lead after their Ranji Trophy Group B match against Baroda ended in a draw in Pune.
Having taken a small first-innings lead, Tamil Nadu eked out three points from their Group B Ranji Trophy match against Baroda, in Vadodara on Tuesday.
Rohit aims to bring Champions Trophy to Wankhede
Baroda were struggling at 13 for 2 after being bowled out for 64 in the first innings against Tamil Nadu.
Public sector banks (PSBs) have proposed the Finance Ministry their plan to raise Rs 54,800 crore through Additional Tier-1 (AT-1) and Tier-2 bonds in the current financial year (FY25), 37 per cent more than the Rs 39,880 crore raised in FY24
Perhaps, that brave attitude keeps his India dream still burning bright without getting disheartened by the domestic grind.
A compilation of results from the Vijay Hazare Trophy matches played on Saturday.
Baroda scored a respectable 287 for six on the first day of their four-day Ranji Trophy Elite Group 'B' match against Maharashtra.
Stock Market News today, PSU banks: The year 2024 was a roller-coaster ride for Indian stock markets, marked by volatility driven by the Lok Sabha elections, Union Budget 2024, a slowdown in corporate earnings, and sticky inflation. Geopolitical tensions - particularly between Israel and Iran in West Asia - along with various stimulus announcements by China and yen carry trade rocked the equity markets throughout the year.
The bench referred to three reports submitted by the cyber cell police which said the beneficiaries were added to the bank account without any message or OTP received on the registered mobile number and email to the registered email account.
Amid low growth elsewhere, gross value added (GVA) growth in agriculture and allied activities recovered during the second quarter of the current financial year (Q2FY25) to 3.5 per cent year-on-year (Y-o-Y) due to strong monsoon. Experts feel that the rains have laid the foundation of an even better GVA performance in subsequent quarters. GVA growth in the first quarter of FY25 was 2.0 per cent.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
Shashwat Rawat led India A's dramatic recovery with an unbeaten 122 to steer them to 224 for seven on day one of the Duleep Trophy tie against India C in Anantapur on Thursday.
A round-up of the Ranji Trophy matches played on Saturday.
From madrasa and gulley cricket to the doorstep of Indian cricket, Irfan Pathan has come a long way.
Following-on, they were 69 for 4 in their second innings, still needing 155 runs to save the Ranji Trophy match against Uttar Pradesh.
An unbeaten century by all-rounder Yusuf Pathan 101 n.o. (72b, 5x4, 7x6) enabled Baroda beat Mumbai by four wickets in the opening match of the West Zone Ranji Trophy one day tournament played at the RMC ground in Rajkot.
Enterprising women business correspondents, known as BC Sakhis, have facilitated transactions worth Rs 27,000 crore in Uttar Pradesh, earning Rs 75 crore in commission over the past four and a half years. BC Sakhis, appointed under the nationwide women empowerment programme, are members of self-help groups (SHGs) who are trained and certified to provide banking and financial services in rural areas.
Baroda scored a four-wicket victory over Mumbai in the opening match of Ramakant Desai Trophy (West Zone) limited-oves tournament.
Splendid batting by Rakesh Solanki (96) and a swashbuckling unbeaten 86 by Yusuf Pathan helped Baroda score 281 for six in their second innings against Delhi on the third day of the Ranji Trophy Super League semi-finals at the Usha Raje cricket grounds in Indore on Monday.
The Union Finance Ministry on Tuesday said that aggregate business of public sector banks (PSBs) has shown strong growth of 11 per cent in the first half of the financial year 2024-25 (H1FY25) to touch Rs 236 trillion. The operating and net profit were also robust. At Rs 1.5 trillion, operating profit grew by 14.4 per cent year-on-year (Y-o-Y) while the net profit saw an impressive 25.6 per cent jump at Rs 85,520 crore in the first half of FY25.
The Irfan Pathan household in Baroda had a special guest on Monday as they hosted Sachin Tendulkar.
Quarterly earnings from corporates, global trends, and trading activity of foreign investors will guide market sentiment this week, analysts said, adding that benchmark indices may face volatile trends. "The upcoming release of Q2 results will be closely watched, providing insights into corporate performance. "Meanwhile, the escalating tensions between Israel and Iran introduce a significant geopolitical risk, potentially leading to increased oil prices and market volatility.
Opener Connor Williams (185) and Rakesh Solanki (111) helped Baroda gain three vital points as their Ranji Trophy match in the Super League Group B match against Punjab ended in a draw.
Baroda were 17 for one, chasing 172 for victory, against defending champions Uttar Pradesh at close on the third day's play of their Super League Ranji Trophy match.
Baroda defeated Haryana by four wickets in the fourth round of the Ranji Trophy.
Gujarat emerged triumphant in the West Zone Vijay Hazare trophy match against Baroda.
'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
Riding on skipper Pinal Shah's valiant half century, Baroda took a slender lead of 26 runs even as 18 wickets fell on the opening day of their Ranji Trophy Super League semi-final against Karnataka in Vadodara on Monday. After Murtuja Vahora and Bhargav Bhatt combined to bowl out Karnataka for a paltry 107, Baroda finished the day at 133 for the loss of eight wickets, at the Reliance ground.
The India discard Pathan fashions Baroda victory hit an unbeaten 82 as Baroda beat UP by five wickets and entered the Ranji Trophy semi-finals.
