Das said bankers have so far passed 0.21 percent of the 0.50 percent rate cuts since January, going by the weighted average lending rate but this has helped only new borrowers and not those already are in the credit market.
Mumbai-based HDIL owes about Rs 520 crore to Bank of India (BoI) and it had agreed to pay in tranches to the lender.
BOI has Rs 31,900 crore of loans filed under the NCLT as on March 2019.
The Finance Ministry may hold a round of discussion with some public sector banks regarding the second round of mergers in the banking space
In the BSE Smallcap index, 60 percent of total 750 stocks were in the positive return on closing of April 16 and of which top 45 stocks rallied between 50-195 percent.
The bank's six-month MCLR has been reduced to 8.55 percent from 8.6 percent earlier. The new rate is effective from April 10.
Bank of India has a 28.96 percent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 percent and 45.94 percent, respectively.
Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).
The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees.
There are risks looming in the form of delayed loan recovery and power sector defaults
While Oriental Bank of Commerce has been removed from PCA, RBI has clarified that the government has infused sufficient capital in the entity, bringing net NPA to less than 6 percent.
All three banks in total have Rs 8,59,620 crore deposits as of December 31, 2018 of which CASA ratio is 35 percent.
the stock has started trading below the short-term moving averages and some corrective action is expected. Hence, short positions can be initiated for short-term gain.
Rollover data clearly indicates that the banking index is very light on positions and fresh build-up in coming days will decide the further trend in the banking index.
'Post recapitalisation, the capital adequacy ratio would go above 11 percent,' said Bank of Maharashtra's Alekh Rout.
The company has negligible market share in the 24-player industry dominated by the national insurer LIC.
Bull Call Spread is a bullish strategy where we buy one lot of lower strike Call and sell 1 higher strike Call. It’s is a safe strategy to play long bias as maximum risk and reward are well defined.
SBI is looking to buy NBFC loans to fulfill priority sector commitments, Kumar said.
Hopeful of large corporate recoveries worth about Rs 2,000 crore from the accounts under insolvency, Bank of India chief Mohapatra is also banking on recovery from assets put up on sale and one-time settlement of NPAs.
On the asset quality front, the gross non-performing assets (NPAs) ratio fell to 16.36 percent from 16.66 percent in the previous quarter. The net NPA ratio, too, fell to 7.64 percent, down from 8.45 percent during the June quarter
The new overnight rate stands at 8.05 percent, while the one month rate has been revised to 8.15 percent, the bank said in a statement.