PSB News Today

Markets Surge as Nifty Crosses 20,000 Mark, Sensex Up Over 700 Points on November 29

Copy Link

Except for realty, all other sectoral indices ended in positive territory. The top gainers were the auto, bank, and information technology sectors.

• 29 November, 2023
• 3:35 PM
• less than a minute

RBI approves Canara Bank's proposal to sell its 70% ownership in Canbank Factors

Copy Link

Canara Bank went on to say that they are also looking into giving CCSL access to the bank's credit card and other digital product portfolio.

• 29 November, 2023
• 11:16 AM
• less than a minute

Kiwi rises as RBNZ takes a hawkish tone, while the dollar falls as a result of Fed cut wagers

Copy Link

The Reserve Bank of New Zealand (RBNZ) held interest rates unchanged, as anticipated, but revised its official cash rate (OCR) track higher for 2024 and 2025, signalling to additional tightening ahead.

• 29 November, 2023
• 10:27 AM
• less than a minute

In order to gain from bancassurance, LIC is eager to retain a portion of its share in IDBI Bank

Copy Link

The government, which holds more than 45% of IDBI Bank, and the massive life insurance company LIC, which holds 49.24% of the lender, have opted to sell a combined 60.7% of the bank.

• 28 November, 2023
• 1:55 PM
• less than a minute

Bandhan Bank gets Board approval to reappoint Chandra Shekhar Ghosh as MD & CEO

Copy Link

Ghosh brings in over three decades of experience in microfinance, banking, and development segments.

• 28 November, 2023
• 12:57 PM
• less than a minute

RBI levy penalties aggregating to Rs 10.34 crore on Citibank, Bank of Baroda, and IOB

Copy Link

The RBI fined Chennai-based public sector lender Indian Overseas Bank Rs 1 crore.

• 28 November, 2023
• 12:47 PM
• less than a minute

Bank of Baroda Grapples with Graft Allegations, Bobworld App Under Scrutiny

Copy Link

The Reserve Bank of India (RBI) banned Bank of Baroda from onboarding new customers on Bobworld due to material supervisory concerns on October 10

• 24 November, 2023
• 12:58 PM
• less than a minute

The RBI gives HDFC Bank permission to nominate Mr. V Srinivasa Rangan as Executive Director

Copy Link

He is an Associate of The Institute of Chartered Accountants of India (ICAI) and has a Bachelor of Commerce from the University of Delhi.

• 24 November, 2023
• 11:52 AM
• less than a minute

Axis Bank: On the right axis; primed for re-rating

Copy Link

Share of corporate loans, ‘BBB and below’ exposure (lowest among peers) and lumpy fees have declined sharply

• 24 November, 2023
• 11:31 AM
• less than a minute

A $125 million agreement is signed by L&T Finance and ADB to assist financial needs in peri-urb...

Copy Link

According to the press release, the money consists of an agreement to syndicate an additional $125 million co-financing from other development partners and a loan of up to $125 million from ADB.

• 24 November, 2023
• 11:29 AM
• less than a minute