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Home Tag Archives: Bank

Tag Archives: Bank

Ujjivan Small Finance Bank Q4 net rises 15% to ₹73.2 cr

By Loknath Das
May 20, 2020
in :  Finance
Comments Off on Ujjivan Small Finance Bank Q4 net rises 15% to ₹73.2 cr

Ujjivan Small Finance Bank reported 15% jump in net profit at ₹73.2 crore for the quarter ended March, 2020. It had reported net profit of ₹63.8 crore in the year-ago period. The interest earned in March quarter was ₹737 crore as against ₹536 crore in March 2019. The Gross NPA was 0.97% during the quarter as against 0.95% in December …

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Yes Bank: How to protect your savings account from financial crises

By Loknath Das
March 13, 2020
in :  Finance
Comments Off on Yes Bank: How to protect your savings account from financial crises

Lightning has struck twice. In a short span of around six months, bank depositors have been at the receiving end of the short circuit as it were. Punjab and Maharashtra (PMC) Co-operative Bank’s depositors faced restrictions imposed by the Reserve Bank of India (RBI), in September 2019. Last week, turbulence hit YES Bank, which is in the process of being …

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Citroen partners with Axis Bank for auto finance in India

By Loknath Das
October 4, 2019
in :  Finance
Comments Off on Citroen partners with Axis Bank for auto finance in India

New Delhi: French automaker Citroen on Wednesday has entered into a white-label arrangement with Axis Bank, as a preferred Banking partner, to introduce Citroen Finance in India. Citroen Finance will provide retail finance and mobility solutions including value added products to its customers and customised credit solutions to its dealers in India, the company said in a statement. Roland Bouchara, Senior Vice President …

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Ujjivan Financial files prospectus for small finance bank IPO, stock plunges 8%

By Loknath Das
August 19, 2019
in :  Finance
Comments Off on Ujjivan Financial files prospectus for small finance bank IPO, stock plunges 8%

Shares of Ujjivan Financial Services fell nearly 8 percent on Monday after the company filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) to list its subsidiary Ujjivan Small Finance Bank (USFB). The stock fell as much as 7.8 percent to Rs 261.70 per share on BSE. At 9:25 am, the stock was trading 4.4 …

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Ujjivan Small Finance Bank files Rs 1,200 cr IPO papers

By Loknath Das
August 18, 2019
in :  Finance
Comments Off on Ujjivan Small Finance Bank files Rs 1,200 cr IPO papers

Ujjivan Small Finance Bank is planning an initial public offering to raise Rs 1,200 crore. The company on August 16 filed a draft red herring prospectus with SEBI. “Ujjivan Small Finance Bank is proposing to undertake an initial public offering of equity shares of face value of Rs 10 each, comprising a fresh issue of equity shares by bank aggregating up …

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AU Small Finance Bank gains as Edelweiss initiates coverage, sees 24% upside

By Loknath Das
June 12, 2019
in :  Finance
Comments Off on AU Small Finance Bank gains as Edelweiss initiates coverage, sees 24% upside

Edelweiss Securities has initiated coverage on AU Small Finance Bank with a buy rating and target price of Rs 880 apiece, implying 24 percent potential upside from current levels. At 0916 hours IST, it was quoting at Rs 712, up Rs 3.85, or 0.54 percent on the BSE. The non-banking finance company continues to deliver high loan growth without any asset quality …

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Sensex rallies 250 points, Nifty near 10,700 at close, Axis Bank rises 9%

By Loknath Das
April 27, 2018
in :  Finance
Comments Off on Sensex rallies 250 points, Nifty near 10,700 at close, Axis Bank rises 9%

Equity benchmark BSE Sensex rallied over 250 points to close only 30 points short of the 35,000 mark on Friday, amid positive global cues and strong corporate earnings announced this week. At close, the 30-share strong gauge was256.10 points or 0.74% higher at 34,969.70. The broader NSE Nifty 50 too rose 74.50 points or 0.70% to end at 10,692.30. Gains …

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Denial of education loan repayment support: Convene meeting of bank authorities, Chennithala to govt

By Loknath Das
December 30, 2017
in :  Education
Comments Off on Denial of education loan repayment support: Convene meeting of bank authorities, Chennithala to govt

Photo: mathrubhumi library. Thiruvananthapuram: Opposition leader Ramesh Chennithala on Thursday submitted a letter to chief minister Pinarayi Vijayan urging him to take initiative to resolve the issue of denial of financial aid announced by government to students who have taken education loan from erstwhile SBT. In the letter, Chennithala asked the CM to convene a meeting of SBI bank authorities …

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Schools failing to educate students to succeed in life in countries like India: World Bank

By Loknath Das
October 6, 2017
in :  Education
Comments Off on Schools failing to educate students to succeed in life in countries like India: World Bank

Washington The World Bank has warned of a learning crisis in global education, particularly in low and middle-income countries like India, underlining that schooling without learning is not just a wasted development opportunity, but also a great injustice to children worldwide. The Bank in its latest report has noted that millions of young students in these countries face the prospect of lost …

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Bank at the center of US inquiry projects Russian ‘soft power’

By Loknath Das
June 6, 2017
in :  Finance
Comments Off on Bank at the center of US inquiry projects Russian ‘soft power’

  Grigory Dukor | Reuters Sergei Gorkov, Chairman of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, speaks with participants during the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. It has offices in a sleek Manhattan skyscraper. Its bonds are accessible to millions of American investors. And it holds ties to some of New York’s …

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