The matter pertains to a bank guarantee of Rs 6.97 crore furnished by BoB to Indian Oil Corporation (IOC) on behalf of Simplex Projects
At Rs 36,620 crore m-cap, the stock displaced AU Small Finance Bank, PNB and Shriram Transport among notable names
IOCL told the court it had entered into an agreement with Simplex Projects Limited in 2017 for undertaking certain work at the Bongaigaon facility of IOCL in Assam.
The oil company told the court that it had entered into an agreement with Simplex Projects Limited in 2017 for undertaking certain work at the Bongaigaon facility of IOCL in Assam
PM wants to review outcome of BoB amalgamation before taking a final call
With this reduction, the one-year MCLR has come down to 8.15 per cent per annum from 8.25 per cent, according to a bank statement; it will be effective from February 12, 2020
BoB's new managing director and chief executive Sanjiv Chadha tells Business Standard that while the bank has a comfortable capital base to grow he would prefer to visit the market
In the three months to December period, BoB's fresh slippages stood at Rs 10,387 crore, of which Rs 4,509 crore were on account of divergence found by the Reserve Bank for 2019 fiscal
Credit costs could stay elevated in the coming financial year
Posts net loss due to jump in NPA provisions on divergence
Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow
The bank, which is slated to report its Q3FY20 numbers later today, is expected to report a nearly 300 per cent rise in the net profit at Rs 1,851 crore on a year-on-year (YoY) basis.
Analysts say that the Nifty's close in the positive territory on Thursday might mean that the first leg of downside is over and a bounce back has resumed
Currently, Ramo Cements' stock is hovering in a range, after a sharp up move, offering fresh buying opportunity to those who missed the chance earlier
The government has appointed Sanjiv Chadha as the new managing director and chief executive of Bank of Baroda
Union Bank of India has reduced the MCLR by 10 basis points across all tenors with effect from January 11, 2020
CRISIL believes BoB will be able to maintain adequate capitalisation over the medium term, backed by capital support from the Union government
The issue which opened on Thursday and closed the same day, saw a total of 11 allottees through private placement of bonds, the bank said in a BSE filing
AUM of both companies declined in September quarter
To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes.