News for 'iob'

ASK AJIT: Are these stocks good to hold for one year?

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

3 Indian banks ink JV for Malaysian arm

The subsidiary will become operational by the end of the second quarter and cater to Indian corporates and expatriates in Malaysia. In the joint venture, BOB will hold 40 per cent stake, IOB 35 per cent, while Andhra Bank will hold the rest 25 per cent. Initial investment is pegged at Rs 405 crore (Rs 4.5 billion).

Ask Ajit: 'Want to invest Rs 2 lakhs, please advise'

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

It's destination Malaysia for local banks

The sectors are fund managers betting on

Jayesh Gandhi, Fund Manager, Birla Mutual Fund says that they have exposure to Allahabad Bank, IOB, PNB and Union Bank.

And now 'e-Cash Home' for NRIs

Public sector banking major Indian Overseas Bank on Wednesday launched an Internet-based online remittance product 'e-Cash Home', providing a fast channel for the United States-based non-resident Indians to remit money back home.

Sensex ends above 14K

The markets opened on a strong note due to continued optimism on the back of expected robust third quarter corporate performances

Profits: Govt banks ahead of private banks

Not all public sector banks are back in the black, but their collective net profit for the year is Rs 32,346 crore against a Rs 9,013 crore loss in the previous year, points out Tamal Bandyopadhyay.

Highest ever closing for Sensex, Nifty

Only 5 PSU banks hit profit targets

Sensex gains 155 points at close

The markets opened the first trading day of 2007 on good note

Sensex closes at 13,186, up 56 points

Nifty closes at 3,809, gained 4 points.

Four bank IPOs in next 2 months

Loans to get cheaper as SBI cuts rates by 5 bps

SBI is the third state-run lender to lower the lending rates after Indian Overseas Bank Tuesday and Bank of Maharashtra which also lowered their loan prices by 5 bps on loan tenors of one year and above, effective April 10.

First-time investor: 'I can afford only low-price stocks'

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Bank recapitalisation stares at Sebi hurdles

Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.

Will 2020 bring cheer to Indian banking sector?

Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.

The uncertain times continue for banks

It is difficult to say if the banking sector will see the worst behind it by March 2020, warns Tamal Bandyopadhyay.

Govt infuses Rs 22,915 cr capital into 13 PSU banks

This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.

Stocks you must buy, hold or exit

Ajit Mishra, vice president, Research, Religare Broking, answers your queries:

Greece faces recession warning as bailout talks set to open

Formal negotiations are due to start in Athens on Friday.

Banks put Rs 21k-cr NPAs on block in 3 months

Rush to offload bad loans indicates a revival in asset-sale market

Stocks you must buy, hold or exit in the New Year

Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.