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Latest News Update - Banking and Finance

The lender#39;s cost to income stood at 53.9 per cent as against 60.5 per cent in the year-ago period.  Mon, 21 Oct 2019
Pradhan will also visit the shipbuilding Complex, Zvezda and the Sakhalin-1 oil and gas project in Russia#39;s Far East. #39;Possible areas of collaboration in other sectors like coking coal, and shipping routes will also be discussed,#39; it said.  Mon, 21 Oct 2019
While SEBI permitted those mutual funds who had segregated the bad DHFL loans to join the inter-creditor agreement ICA in August 2019 with a conditions of keeping investor interest paramount , many mutual funds had not completed these conditions.  Mon, 21 Oct 2019
The company had registered a profit of Rs 44.3 crore in July-September 2018-19.  Mon, 21 Oct 2019
The bank’s Net Interest Margins (NIMs), that have largely remained in the tight range of 4.2-4.4 percent, slipped to the lower rung after more than a year.  Mon, 21 Oct 2019
The move by the two employee unions is largely a protest against the recent mergers of 10 public sector banks (PSBs)and the dipping rates on deposits, they said a joint statement.  Mon, 21 Oct 2019
The diversified conglomerate is exploring an exit and is looking to sell its 17.15 percent stake held by its flagship company M Pallonji Company Pvt  Mon, 21 Oct 2019
"When the RSS/BJP govt waives off unpaid loans of the rich and gives super-rich tax bonanzas, it destroys banks and this has real consequences on ordinary lives. Another example of misery: PMC Bank depositors, some are dead, others in dire straits. RSS/BJP govt does not care," Yechury tweeted.  Mon, 21 Oct 2019
HDFC Securities is bullish on Larsen and Toubro Infotech has recommended buy rating on the stock with a target price of Rs 1845 in its research report dated October 19, 2019.  Mon, 21 Oct 2019
Cotton prices continued to reduce in August 2019, mainly due to a fall in international prices.  Sat, 19 Oct 2019
IMF Managing Director Kristalina Georgieva said a variety of factors were taking a toll from a trade war that has engulfed the world#39;s two biggest economies, the United States and China, to spreading weakness in Europe linked to Brexit and rising geopolitical tensions in the Middle East.  Sat, 19 Oct 2019
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Russia's Rosneft in Talks to Buy Stake in Essar Oil: Report
Russia's top oil producer Rosneft is in talks to buy about 50 per cent stake in Essar Oil Ltd for an undisclosed amount, according to sources.
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Russia's Rosneft in Talks to Buy Stake in Essar Oil: Report
Russia's top oil producer Rosneft is in talks to buy about 50 per cent stake in Essar Oil Ltd for an undisclosed amount, according to sources.
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Russia's Rosneft in Talks to Buy Stake in Essar Oil: Report
Russia's top oil producer Rosneft is in talks to buy about 50 per cent stake in Essar Oil Ltd for an undisclosed amount, according to sources.
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