Companies News: Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Get latest company news, company results, company interviews, company financials, company analysis, company disclosure, corporate news, company announcements at Business Standard.

Company Business News, Indian Companies News, Company Analysis, Corporate Industry News

Bank, Banks, foreign banks

Stocks to watch on Monday, November 06, 2023: Shares of PSU Banks are likely to hog the limelight following Q2 results announced by major banks over the weekend.

Business Standard

Bank of India

The state-owned bank experienced a 6 per cent decline in net profit on a sequential basis

Sensex, Nifty, stock brokers

For the quarter ended September 2023, PNB reported a solid 327 327 per cent YoY surge in net profit, while Canara Bank's net profit grew 42.8 per cent.

Bank of India, BOI

Going ahead, bank targets advance growth of 11- 12 per cent in FY24-25E with continued focus on retail/ MSME segment.

Q1 results

The non-interest income of the bank increased by 27 per cent YoY to Rs 1,462 crore in Q1FY24 against Rs 1,152 crore for Q1FY23

q1 results, earnings, companies, india inc, corporate

The net NPA for Q1FY24 came in at Rs 8,119 crore, as compared to Rs 9,775 crore YoY

market, stocks, buy, sell, stock calls, stock market trading, stock market

On the broader market outlook, Vinay Rajani the technical & derivative analyst says that the Nifty could swing in the 19,783 - 19,567 range in the near term.

State-owned Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent.
Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank.
"We are exploring options to meet Sebi's minimum public holding requirement. However, the decision to sell shares would depend on market conditions," Bank of India Managing Director Rajneesh Karnatak told PTI.
Public sector banks have time till August 2024 for meeting the Securities and Exchange Board of India (Sebi) requirement, he said.
Post share-sale, depending on the quantum, the holding of  Government of India would come down below 75 per cent.
With regard to the bank's growth, he said, credit growth is expected to be 11-12 per cent during current financial year helped by retail, MSME and agriculture loans.
As far as the deposit is concerned, he said, "we hope to grow the liability side by 10 per cent during current financial 

Press Trust of India

stock market

Stocks to watch on June 12, 2023: Indiabulls Housing Finance, Indian Energy Exchange (IEX) and India Cements are the three stocks in F&O ban period on Monday.

News

Stocks to Watch today: SBI, IndiGo, Titan, Zomato, RIL, BoI, BoB, Delhivery

Bank of India Q2 PAT jumps 52% to Rs 1,458 cr as asset quality improves

Nifty PSU Bank index soars 3% on strong Q2 earnings by PNB, Canara Bank

Bank of India up 3% on heavy volumes; nears 52-week high on healthy outlook

Bank of India Q1 results: Net profit jumps 176% to Rs 1,551 crore

BOI Q1FY24 results: Net profit jumps 176% YoY to Rs 1,551 cr; GNPA down 22%

Buy Bank of India, Bank of Maharashtra: Vinay Rajani of HDFC Securities

Bank of India plans share sale to meet Sebi's minimum public holding norms

Stocks to Watch today, June 12: SpiceJet, IOC, Go Fashion, BoI, Concor