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Union Bank Of India Rs 3,000 Crore QIP: 5 Key Highlights Of This PSU Offer

Union Bank of India, one of India's prominent public sector lenders, has announced its intention to bolster its capital reserves through a qualified institutional placement (QIP) to the tune of Rs 3,000 crore. This strategic move comes in the wake of ...

Bank Of India QIP Oversubscribed 4 Times, Raises Total Of Rs 18,483 Crore; Find Details

The State-owned Bank of India announced on Friday that its Qualified Institutions Placement (QIP) has received an oversubscription of 4.11 times, reflecting robust demand from institutional investors. The public sector bank had set out to raise Rs 4,500 crore through the ...

PSU Bank Launches Inflation-Beating Mutual Fund Scheme For Children; Start SIPs Of Rs 500 Weekly

Mutual funds are one of the best, smooth and convenient methods for middle-income group individuals to invest and gain financial stability for the long term. It allows the general population to be a part of the financial markets and ensures they ...

FM Urges PSBs To Strengthen Risk Management And Transparent NPA Recognition Norms

The Finance Minister (FM) of India on Thursday has called upon Public Sector Banks (PSBs) to adhere to transparent non-performing asset (NPA) recognition norms and strengthen their risk management practices, PTI Reported. Public Sector Banks (PSBs) achieved an unprecedented aggregate net ...

ICICI Securities Places The Largest Bank On 'Buy' List Due To Its Strong Performance

ICICI Securities is bullish on the State Bank of India (SBI) as the largest bank of the country has posted a strong quarter despite the sharp rise in operating expenses (opex). The brokerage firm feels that the bank's stock price will ...

With Rs 5.50/Share Dividend, This Public Sector Bank Stock Gets A 'Buy' Rating

Top stock-broking firm, Prabhudas Lilladher has given a Buy rating to the stock of Bank of Baroda, a public sector bank. The brokerage house believes that investing in this bank can fetch you a return of nearly 25.67%, based on the ...

Finance Ministry Urges Public Sector Banks To Increase Recovery Rate From Written-off Accounts To 40%

The Finance Ministry of India has recently urged Public Sector Banks (PSBs) to enhance their recovery rate from written-off accounts to 40%. This move is part of the government's efforts to improve the financial health of the banking sector and to ...

Bank Of Maharashtra's Total Business Was Up By 21.33% For Q4FY23

India's leading public sector bank, Bank Of Maharashtra witnessed a growth of 21.33% in total business at Rs 4,09,202 crore for FY23 against last year's Rs 3,37,534 crore. The bank filed its quarterly numbers in the securities exchange on Monday afternoon. ...

Midcap Public Sector Bank Under Rs 50 Recommends 13% Dividend, Rallies 7.18%; Check Details

Bank Of Maharashtra recommends a dividend of Rs 1.30 per equity share i.e. 13% for the financial year ended March 31 2023. The stock rallies 7.18% post the dividend announcement. This is a Public sector bank headquartered in Pune, Maharashtra. It ...

PSB Senior Citizen FD: Earn Up To 8.85% Interest With 222 Days Special FD

Public sector Punjab & Sind Bank offers additional Rates of Interest with a Curated Fixed Deposit through Branch & through Online Mode to its customers. The bank with its curated Fixed Deposits allows customers to earn up to 8.85% interest. The ...

Punjab & Sind Bank Hikes Interest Rates On FDs Below 2 Crore, Now Offers Maximum 6.75%, Check Rates

Punjab & Sind Bank, a Public Sector Bank (PSB), hikes the Interest Rates on FD. The new rates are effective from February 21, 2023, according to the Bank's official website. RBI hikes the repo rate by 25 bps on 8 February ...

Govt To Take View On Privatisation Of Public Sector Banks After Consultation, With Dept, Regulator

The government on Monday said it will take a view on privatisation of public sector banks (PSBs) after consultation with the concerned department and regulator. Consideration of issues related to disinvestment and decision on selection, terms and conditions, etc. in case ...

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