Benchmarks turn rangebound; Bank shares drops for 3rd day
IST, the barometer index, the S&P BSE Sensex, declined 739.65 points or 0.98% to 74,566.92. The Nifty 50 index dropped 216.10 points or 0.95% to 22,579.80.
PSU bank stocks crack up to 34% in the past one year. Is it time to exit?
PSU bank stocks have fallen up to 34% in a year, facing deposit market share loss, weak margins, and competition from private ...
Tough time ahead for banking sector as low-cost funds shrink, margins drop
Given the sharp correction in equities and a drop in the flow of money to mutual funds, some banks have started seeing a ...
Indian Bank’s new chief wants to flip the playbook to focus on the small guns
In his first month as Indian Bank's CEO, Binod Kumar aims to reshape the lender's credit focus amid concerns over personal ...
Punjab National Bank tweaks loan rates in home, car, education and personal categories; check details
Punjab National Bank (PNB) has updated its interest rates for home loans, car loans, personal loans, and education loans as ...
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Corporate Insolvency Unfolds: NCLT Admits AVIOM India Case
The National Company Law Tribunal has initiated a corporate insolvency resolution process against AVIOM India Housing Finance, following governance concerns. After the RBI superseded AVIOM's board, an ...
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Fraudulent Storm: Gupta Power Infrastructure Involved in Multi-Crore Loan Scam at PNB
Punjab National Bank (PNB) reported a fraud involving Rs 270.57 crore linked to Gupta Power Infrastructure Ltd in Odisha.
Indian banks' infra bond funding to turn expensive as investors demand higher returns
Fundraising through infrastructure bonds is set to become more expensive for Indian lenders that have used them to raise ...