A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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Stock market recommendations: Mirae Asset Sharekhan's Somil Mehta recommends buying CDSL and Indian Bank. CDSL, with a buy range of Rs 1290-1270, targets Rs 1378, having broken a downward trend. Indian Bank, buy range Rs 570-580, aims for Rs 615, supported by its 40-day moving average.
12:10 AM
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Punjab National Bank (PNB) aims to increase lending to the Retail, Agriculture, and MSME (RAM) sectors to 58% of its total loan book in FY26, up from 56% in FY25. This strategic shift is designed to mitigate margin pressures from interest rate cuts in corporate and repo-linked lending.
1:10 PM
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Yes Bank's shares surged following Sumitomo Mitsui Banking Corporation's agreement to acquire a 20% stake for Rs 13,483 crore. This significant deal, five years after Yes Bank's rescue, involves SBI and other private banks offloading portions of their holdings. SMBC's strategic move signals a major expansion in the Indian market, potentially leading to majority control in the future.
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5:10 PM
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Faced with deposit growth challenges, Canara Bank launched an internal campaign, tasking its 82,000 employees to mobilize deposits. This initiative, started in January 2024, resulted in the collection of Rs 16,700 crore in just ten weeks. The employee-led drive lowered the bank's credit-deposit ratio and reduced reliance on high-cost bulk deposits.
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