SBI Cards makes weak debut at bourses; plunges nearly 13% against issue price of Rs 755
4 years, 9 months ago

SBI Cards makes weak debut at bourses; plunges nearly 13% against issue price of Rs 755

Firstpost  

The SBI scrip listed at Rs 658, dropping 12.84 percent from the issue price on the BSE. New Delhi: Shares of SBI Cards and Payment Services made a weak debut at the bourses on Monday, plunging nearly 13 percent, against its issue price of Rs 755. #NewListing | SBI Card settles at Rs 661/Sh in pre-opening on NSE against the issue price of Rs 755/Sh pic.twitter.com/qtuMCNcHel — CNBC-TV18 March 16, 2020 The scrip listed at Rs 658, dropping 12.84 percent from the issue price on the BSE. Kotak Mahindra Capital Company, Axis Capital, DSP Merrill Lynch, HSBC Securities and Capital Markets, Nomura Financial Advisory and Securities and SBI Capital Markets were the managers to the offer.

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Stock market today: Trade setup for Nifty 50 to global markets; 5 stocks to buy or sell on Thursday — 26 December 2024
2 weeks ago

Stock market today: Trade setup for Nifty 50 to global markets; 5 stocks to buy or sell on Thursday — 26 December 2024

Live Mint  

Stock Market Today: The volatilty in the market continues as benchmark Nifty'50 index ended at 23,727.65 down 0.11% on Tuesday, pausing after Monday's rebound. The next lower support is at 23500, said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities The undertone for Bank Nifty remains bearish and once breaks below 51000 can witness further selling pressure towards 50500 …

Sagility India share price hits 5% upper circuit, soars over 30% in December so far; Jefferies, JPMorgan see more upside
2 weeks, 2 days ago

Sagility India share price hits 5% upper circuit, soars over 30% in December so far; Jefferies, JPMorgan see more upside

Live Mint  

Sagility India share price surged 5 per cent to hit the upper circuit limit of ₹48.91 in morning trade on BSE on Tuesday, December 24. Sagility India share price opened at ₹47.90 on Tuesday against its previous close of ₹46.59 and soon jumped 5 per cent to the level of ₹48.91. Jefferies, JPMorgan see more upside in Sagility India stock …

Markets decline in early trade dragged by Reliance, HDFC Bank; caution ahead of U.S. Fed rate decision
3 weeks, 2 days ago

Markets decline in early trade dragged by Reliance, HDFC Bank; caution ahead of U.S. Fed rate decision

The Hindu  

Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid cautious investors approach ahead of the U.S. Fed interest rate decision and selling in blue-chip stocks like Reliance Industries and HDFC Bank. The 30-share BSE benchmark Sensex declined 350.98 points to 81,397.59 in early trade. From the 30-share blue-chip pack, Reliance Industries, Bharti Airtel, Nestle, Larsen & …

Sbi Share Price Today on 29-11-2024: Sbi share price are down by -0.26%, Nifty up by 0.89%
1 month, 1 week ago

Sbi Share Price Today on 29-11-2024: Sbi share price are down by -0.26%, Nifty up by 0.89%

Live Mint  

Sbi Share Price Today on 29-11-2024: At 29 Nov 11:22 today, Sbi shares are trading at price ₹836.55, -0.26% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Sbi Share Price Today on 27-11-2024: Sbi share price are down by -0.63%, Nifty up by 0.02%
1 month, 1 week ago

Sbi Share Price Today on 27-11-2024: Sbi share price are down by -0.63%, Nifty up by 0.02%

Live Mint  

Sbi Share Price Today on 27-11-2024: At 27 Nov 11:28 today, Sbi shares are trading at price ₹834.05, -0.63% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Sbi Share Price Today on 25-11-2024: Sbi share price are up by 3.67%, Nifty up by 1.72%
1 month, 2 weeks ago

Sbi Share Price Today on 25-11-2024: Sbi share price are up by 3.67%, Nifty up by 1.72%

Live Mint  

Sbi Share Price Today on 25-11-2024: At 25 Nov 11:15 today, Sbi shares are trading at price ₹846, 3.67% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Sbi Share Price Today on 13-11-2024: Sbi share price are down by -2.18%, Nifty down by -1.36%
1 month, 3 weeks ago

Sbi Share Price Today on 13-11-2024: Sbi share price are down by -2.18%, Nifty down by -1.36%

Live Mint  

Sbi Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Sbi shares are trading at price ₹808.35, -2.18% down from the previous closing price. On the technical front, the stock is trading above the 50,300 days SMA & lower than the 5,10,20,100 day SMA. The stock will have support at 50,300 days SMA & face resistance at 5,10,20,100 days …

Sbi Share Price Today on 11-11-2024: Sbi share price are up by 0.54%, Nifty down by -0.03%
1 month, 4 weeks ago

Sbi Share Price Today on 11-11-2024: Sbi share price are up by 0.54%, Nifty down by -0.03%

Live Mint  

Sbi Share Price Today on 11-11-2024: At 11 Nov 16:00 today, Sbi shares are trading at price ₹847.8, 0.54% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights
2 months ago

SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights

Live Mint  

SBI Q2 Results: Public sector lender State Bank of India on Friday reported a standalone net profit of ₹18,331.44 crore for the quarter ended September 30, 2024, which was up by 27.92% over ₹14,330.02 crore reported by the company in the year-ago period. Net interest income for the quarter ended September, increased by 5.37% year-over-year to reach ₹41,620 crore, up …

Sbi Share Price Today on 08-11-2024: Sbi share price are down by -1.86%, Nifty down by -0.21%
2 months ago

Sbi Share Price Today on 08-11-2024: Sbi share price are down by -1.86%, Nifty down by -0.21%

Live Mint  

Sbi Share Price Today on 08-11-2024: At 08 Nov 16:01 today, Sbi shares are trading at price ₹843.25, -1.86% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

SBI share price in focus ahead Q2 results today; Should you buy the PSU bank stock?
2 months ago

SBI share price in focus ahead Q2 results today; Should you buy the PSU bank stock?

Live Mint  

State Bank of India share price traded marginally higher on Friday ahead of its Q2 results today. According to estimates by Axis Securities, SBI is likely to report net profit growth of around 12% at ₹16,074 crore for the quarter ended September 2024 from ₹14,330 crore in the year-ago quarter. Kotak Institutional Equities expects SBI’s operating profit to grow 10% …

State Bank Of India share are down by -0.25%, Nifty up by 0.05%
3 months, 3 weeks ago

State Bank Of India share are down by -0.25%, Nifty up by 0.05%

Live Mint  

At 17 Sep 11:04 today, Sbi shares are trading at price ₹783.5, -0.25% down from the previous closing price. On the technical front, the stock is trading above the 5,300 days SMA & lower than the 10,20,50,100 day SMA. The stock will have support at 5,300 days SMA & face resistance at 10,20,50,100 days SMA The SMA values for the …

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved
5 months ago

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

Hindustan Times  

State Bank of India Ltd has announced its first quarter results for the financial year 2024-25 on Saturday, August 3, 2024 and its board has also approved a ₹25,000 crore fundraising through bonds. SBI recorded a net profit of ₹19,680.80 crore in Q1 2024-25, an increase of 5.04% or ₹944.85 crore, compared to ₹18,735.95 crore during Q1 2023-24 or the …

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
7 months ago

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore

The Hindu  

The market capitalisation of the State Bank of India crossed the ₹8 lakh crore mark on June 3 after the bank's shares surged to a record high of ₹907. Finance Minister Nirmala Sitharaman has recently posted on social media that India's banking sector has achieved a significant milestone by recording its highest-ever net profit, exceeding ₹3 lakh crore. In the …

SBI Cards & Payment Services Q4 Results Live : profit rise by 11.05% YOY
8 months, 1 week ago

SBI Cards & Payment Services Q4 Results Live : profit rise by 11.05% YOY

Live Mint  

SBI Cards & Payment Services Q4 Results Live : SBI Cards & Payment Services declared their Q4 results on 26 Apr, 2024. SBI Cards & Payment Services has delivered 4.46% return in the last 1 week, -1.83% return in last 6 months and -0.16% YTD return. Currently the SBI Cards & Payment Services has a market cap of ₹72121.45 Cr …

Stock market today| South Indian Bank share price falls 7% after Q4 business update: Details here
9 months, 1 week ago

Stock market today| South Indian Bank share price falls 7% after Q4 business update: Details here

Hindustan Times  

South Indian Bank share price: Shares of South Indian Bank Ltd fell today after the Thrissur-based lender announced its business update for the March quarter. South Indian Bank share price: The stock fell 7.09 per cent to hit a day low of ₹ 27.25. In March, the Reserve Bank of India asked South Indian Bank and Federal Bank to stop …

SBI Card declares interim dividend of ₹2.50/share for FY24
9 months, 2 weeks ago

SBI Card declares interim dividend of ₹2.50/share for FY24

Live Mint  

SBI Cards and Payment Services on March 19 declared an interim dividend of ₹2.50 per equity share for FY23-24, it said in a filing with the exchanges. SBI Card Q3 results: Net profit rises 8% to ₹ 549 crore SBI Card on January 25 declared financial results for Q3FY24 ended December 31, 2023. The State Bank of India-backed credit card …

SBI Cards, NMDC and more: ICICIdirect lists 7 stock picks for 2024
1 year ago

SBI Cards, NMDC and more: ICICIdirect lists 7 stock picks for 2024

Live Mint  

Domestic equity benchmarks Sensex and Nifty 50 ended flat on the first trading of the new year 2024 while the second rung midcap and smallcap indices clocked healthy gains. 5.Greenply Industries--Target Price: ₹ 295 The company expects 8-10 per cent plywood volume growth in FY24. 6.Birla Corporation--Target Price: ₹ 1,755 On the account of new capacity addition, company’s volume growth …

SBFC Finance shares list with a premium of 44% at ₹82 apiece on NSE
1 year, 4 months ago

SBFC Finance shares list with a premium of 44% at ₹82 apiece on NSE

Live Mint  

SBFC Finance IPO Listing: SBFC Finance Ltd made a decent debut on the stock exchanges Wednesday. SBFC Finance shares were listed at ₹82 apiece on the NSE, a premium of 43.85% to the issue price of ₹57 per share. The initial public offering of SBFC Finance Ltd received strong demand from investors during its subscription period. The ₹1,025 crore-worth SBFC …

IndusInd Bank hits 52-week high on strong Q1 results; Should you buy?
1 year, 5 months ago

IndusInd Bank hits 52-week high on strong Q1 results; Should you buy?

Live Mint  

IndusInd Bank share price rallied over 3% to hit a 52-week high of ₹1,443.35 apiece in the early trade Wednesday after the private sector lender posted decent earnings for the first quarter of FY24, with strong loan book growth and improvement in asset quality, leading to bullish views from analysts. Here’s what brokerages said: Morgan Stanley Morgan Stanley maintained an …

SBI to divest its 2% equity stake in NSDL IPO via OFS
1 year, 5 months ago

SBI to divest its 2% equity stake in NSDL IPO via OFS

Live Mint  

State Bank of India today said it proposes to sell 2% stake by offloading 40 lakh shares in depository organisation NSDL. State Bank of India proposes to participate in an Initial Public Offering of National Securities Depositories Limited by way of offer for sale of up to 2% equity stake held by the Bank in NSDL. SBI holds 5 per …

SBI share price: Experts give ’buy’ tag as bank mulls fund raise. Buy or wait?
1 year, 7 months ago

SBI share price: Experts give ’buy’ tag as bank mulls fund raise. Buy or wait?

Live Mint  

SBI share price: The State Bank of India shares edged lower in early morning deals on Tuesday. SBI share price outlook Speaking on why one should add SBI shares in stock portfolio, Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal said, "In the wake of interest rate pause announced by the Reserve Bank of India in its April monetary …

SBI share price rises 2% on yet another strong quarter
1 year, 7 months ago

SBI share price rises 2% on yet another strong quarter

Live Mint  

Leading public sector lender, State Bank of India posted a stellar buying during Friday's trading session. As per Rahul Malani, Deputy VP - Research, Sharekhan by BNP Paribas, SBI has reported a solid beat on the earnings front led by lower provisions however on operational front, numbers missed estimates mainly due to higher opex growth despite strong net income growth. …

SBI share price dips 2.5% after announcement of Q4 results. Opportunity to buy?
1 year, 7 months ago

SBI share price dips 2.5% after announcement of Q4 results. Opportunity to buy?

Live Mint  

SBI results: State Bank of India or SBI share price nosedived immediately after the announcement of Q4 results today. So, this dip in SBI share price should be seen as mere profit booking as the banking major had already priced-in ahead of the Q4 results announcement today. On why SBI share price today is nosediving, Avinash Gorakshkar, Head of Research …

After high card additions in February, what are the triggers for SBI Card stock?
1 year, 9 months ago

After high card additions in February, what are the triggers for SBI Card stock?

Live Mint  

SBI Cards and Payment Services Ltd has been reporting steady growth in its credit cards outstanding instead of new card additions. According to data from the Reserve Bank of India, SBI Card saw the highest new credit card additions of around 300,000 in February. In terms of overall credit cards outstanding, SBI Card grew 2% sequentially in February while HDFC …

Yes Bank share opens flat as SBI’s 3-year lock-in ends today. Buy, hold or exit?
1 year, 10 months ago

Yes Bank share opens flat as SBI’s 3-year lock-in ends today. Buy, hold or exit?

Live Mint  

Yes Bank shares today opened lower as three year lock-in of State Bank of India ends today. Market is full of speculations that after the end of three year lock-in, SBI would book at least partial profit if not full profit that may lead to further downside in Yes Bank share price, which is already under the heat after Supreme …

SBI shares: Analysts suggest buying with target price of ₹700 after strong Q2
2 years, 2 months ago

SBI shares: Analysts suggest buying with target price of ₹700 after strong Q2

Live Mint  

State Bank of India will be in focus on stock exchanges this week after garnering a highest ever quarterly net profit of ₹13,265 crore during Q2FY23 rising by 73.93% yoy. On the back of a strong quarter, Motilal Oswal analysts have suggested buying in SBI stock for a target price of ₹700 per share going forward. During Q2FY23, SBI's net …

SBI says loan demand is bouncing back as its shares outperform peers
2 years, 6 months ago

SBI says loan demand is bouncing back as its shares outperform peers

Live Mint  

Consumer cutbacks due to raging inflation and higher borrowing costs are failing to dent investment plans at Indian businesses tapping the country’s biggest lender, a sign that a recovery in Asia’s third-largest economy is gathering pace. Companies are steadily drawing down from a $71 billion loan pipeline, Dinesh Kumar Khara, chairman of State Bank of India, told Bloomberg News in …

SBI Q4 Result: Net Profit Rises 41 Per Cent To Rs 9,113 Crore, Board Announces Dividend Of Rs 7.10
2 years, 7 months ago

SBI Q4 Result: Net Profit Rises 41 Per Cent To Rs 9,113 Crore, Board Announces Dividend Of Rs 7.10

ABP News  

New Delhi: State Bank of India, the country’s largest public sector lender, on Friday clocked a 41 per cent year-on-year rise in net profit to Rs 9,113.5 crore for the fourth quarter ended March on fall in bad loans, the PTI reported. SBI’s net interest income for the reported quarter jumped 15.3 per cent YoY to Rs 31,198 crore as …

SBI share price near all-time high. HDFC Securities sees new peak in 6 months
2 years, 9 months ago

SBI share price near all-time high. HDFC Securities sees new peak in 6 months

Live Mint  

State Bank of India or SBI share price on Thursday closed above ₹500 apiece levels. According to HDFC Securities report, SBI share price climbing to a new peak is possible in next two quarters as the brokerage sees banking stock to ascend up to ₹570 per share levels in this period. "The bank is looking at an overall loan growth …

Market Ahead Podcast, Sep 20: Factors that could guide markets this week
3 years, 3 months ago

Market Ahead Podcast, Sep 20: Factors that could guide markets this week

Business Standard  

The two-day monetary policy meeting of the US Federal Reserve will dictate global market trends this week. A Reuters’ poll has revealed that US economists expect the Federal Reserve to announce an impending policy shift in November, instead of September, due to disappointing jobs data, and an unexpected dent to the economic recovery in Q3. The knock-on-effect of the US …

SBI shares: Why some experts are bullish even after 100% return in a year
3 years, 5 months ago

SBI shares: Why some experts are bullish even after 100% return in a year

Live Mint  

SBI share price: The State Bank of India shares have delivered more than 100 per cent return to its share holders in the last one year by jumping from ₹192 to ₹421 — logging 116 per cent rise in this period. However, for the last one month, SBI share have been trading sideways sustaining above the crucial ₹390 support even …

SBI Cards make weak debut at bourses; plunges over 10% as coronavirus fears continue to hurt investor sentiment
4 years, 9 months ago

SBI Cards make weak debut at bourses; plunges over 10% as coronavirus fears continue to hurt investor sentiment

Firstpost  

The drop in SBI Card’s scrip was in-line with a weak broader market, where the BSE benchmark plummeted over 2,700 points. New Delhi: Shares of SBI Cards and Payment Services made a weak debut at the bourses on Monday plunging over 10 percent against its issue price of Rs 755 as coronavirus fears continued to hurt investor sentiment. The drop …

SBI Cards IPO: Check status of allotment of shares
4 years, 9 months ago

SBI Cards IPO: Check status of allotment of shares

India TV News  

SBI Cards IPO: The wait is over. Those who had applied for shares of SBI cards in its recent IPO, can check the status of your allotment on the website of Link Intime India, the registrar of the IPO. SBI Cards, which is the credit card arm of the SBI, drew bids for 225 crore shares, compared about 10 crore …

One rupee: The value that foreign brokerages attach to the YES Bank stock
4 years, 10 months ago

One rupee: The value that foreign brokerages attach to the YES Bank stock

Business Standard  

One rupee: The value that foreign brokerages attach to the YES Bank stock Macquarie Capital Securities also said if State Bank of India decided to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired Premium YES Bank’s shares soared 26 per cent to Rs 36.85 on Thursday after …

Market Ahead, March 2: Top factors that could guide markets this week
4 years, 10 months ago

Market Ahead, March 2: Top factors that could guide markets this week

Business Standard  

The Indian stock markets posted worst weekly fall in a decade last week, tracking a major sell-off in the global markets as investors grew more concerned about novel coronavirus' impact on the global economy. India’s economy expanded by 4.7 per cent in the quarter ended December 31, a marginal increase from 4.5 per cent in the previous quarter. The report …

SBI Cards IPO opens today: Key points you need to know before investing
4 years, 10 months ago

SBI Cards IPO opens today: Key points you need to know before investing

India TV News  

SBI Cards IPO: The IPO of SBI Cards will open for subscription on Monday i.e March 2, 2020, amid a lot of buzz about the issue. The initial public offer or IPO of SBI Cards and Payment Services, India's one of the largest credit card issuer, will open for subscription on Monday. SBI Cards IPO aims to raise over ₹10,000 …

Market selloff: 2,011 stocks end in red, 456 defy trend on BSE
4 years, 10 months ago

Market selloff: 2,011 stocks end in red, 456 defy trend on BSE

The Hindu  

Shares of 2,011 BSE-listed companies ended in the red on Friday, as benchmark indices plummeted to nearly five-month lows on rising fears of the coronavirus outbreak turning into a pandemic and derailing global growth. On the other hand, 456 out of the total 2,620 traded stocks defied the broader market trend to end in the positive territory. Equity markets fell …

SBI Cards and Payment Services sets IPO price band at Rs 750-755; maiden public offer to open on 2 March
4 years, 10 months ago

SBI Cards and Payment Services sets IPO price band at Rs 750-755; maiden public offer to open on 2 March

Firstpost  

Mumbai: The second largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9,000-crore initial public offering, has set the price band for the share sale at Rs 750-755. SBI holds 74 percent in SBI Card and the rest by the Carlyle Group and they will pare their stakes by 4 percent and …

SBI's credit card arm likely to launch IPO early next month; plans to raise Rs 9,000 cr via maiden issue
4 years, 10 months ago

SBI's credit card arm likely to launch IPO early next month; plans to raise Rs 9,000 cr via maiden issue

Firstpost  

Last week, the SBI subsidiary received markets regulator the Securities and Exchange Board of India’s approval to float an initial public offering. SBI Cards and Payment Services, the credit card unit of the country’s largest lender State Bank of India, may hit the market with the initial public offering early next month. SBI Cards and Payment Services, which is backed …

CSB Bank makes strong debut, jumps 41% against issue price of Rs 195; m-cap stands at Rs 5,157.71 cr
5 years, 1 month ago

CSB Bank makes strong debut, jumps 41% against issue price of Rs 195; m-cap stands at Rs 5,157.71 cr

Firstpost  

The initial public offering of Kerala-based CSB Bank was subscribed a whopping 86.89 times late last month. New Delhi: The scrip of CSB Bank made a strong debut at the bourses on Wednesday, listing with a premium of 41 percent, against its issue price of Rs 195. #NewListing | CSB Bank lists at Rs 280.50 against the issue price of …

SBI launches OFS to sell stake in life insurance biz
5 years, 3 months ago

SBI launches OFS to sell stake in life insurance biz

Live Mint  

State Bank of India, India’s largest lender, on Thursday launched a two-day offer for sale to sell a 4.5% stake in SBI Life Insurance Co. Ltd. Stock exchange filings show, SBI is looking to sell up to 3.5% through the OFS, with an option to sell an additional 1%. SBI Life started as a joint venture between the public sector …

SBI's credit card business aims to raise $1.1 billion via IPO: source
5 years, 4 months ago

SBI's credit card business aims to raise $1.1 billion via IPO: source

India Today  

SBI has already tapped banks to run the IPO process and a listing is expected to happen in the last quarter of this financial year, bank officials have previously said. At the end of March 31, 2019, SBI Card, which is 74 per cent owned by SBI and 26 per cent by U.S private equity firm Carlyle Group, had total …

SBI shares up nearly 3% post March quarter results; market-cap rises by Rs 7,854 cr
5 years, 7 months ago

SBI shares up nearly 3% post March quarter results; market-cap rises by Rs 7,854 cr

Firstpost  

New Delhi: Shares of SBI on Friday gained nearly 3 percent after the company reported a standalone net profit of Rs 838.40 crore in the fourth quarter of 2018-19 fiscal. The country’s largest lender on Friday reported a standalone net profit of Rs 838.40 crore in January-March quarter as non-performing assets came down. The state-owned lender had reported a net …

SBI gets board approval to raise up to $2.5 billion in bonds
5 years, 8 months ago

SBI gets board approval to raise up to $2.5 billion in bonds

Live Mint  

Mumbai: The State Bank of India Wednesday said its board has given its approval to raise up to $2.5 billion through bonds in FY20. In a statement issued Wednesday, SBI said the board has approved “long-term fund raising in single/multiple tranches up to $2.5 billion under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US …

Sensex, Nifty start on a positive note; bank stocks jump on fund infusion; SBI, Axis, ICICI bank among top gainers
5 years, 10 months ago

Sensex, Nifty start on a positive note; bank stocks jump on fund infusion; SBI, Axis, ICICI bank among top gainers

Firstpost  

Public sector bank stocks rose after the finance ministry on Wednesday announced infusion of Rs 48,239 crore in 12 PSBs this fiscal to help them maintain regulatory capital requirements and finance growth plans Mumbai: Benchmark indices started on a positive note on Thursday tracking gains on banking counters, after the government announced infusion Rs 48,239 crore in 12 public sector …

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