SP Tulsian of sptulsian.com recommends PSU banks to brave investors. He expects asset quality of banks to improve going ahead. He also talks about auto stocks and the Tata controversy.
State-owned Union Bank of India on Wednesday said it proposes to raise Rs 2,900 crore through bonds in the next five months.
Sun Pharma | Wipro | Mindtree | Mahindra and Mahindra | Cairn India | V-Guard Industries | Tata Sponge | RPG Life and Lakshmi Machine Works are stocks, which are in the news today.
Axis Bank | Sun Pharma | Wipro | Mindtree | Mahindra and Mahindra | Cairn India | V-Guard Industries | Tata Sponge | RPG Life and Lakshmi Machine Works are stocks, which will be in the news on Monday.
Net Interest Income is expected to decrease by 1 percent Q-o-Q (down 1 percent Y-o-Y) to Rs 2080.7 crore, according to KR Choksey.
Last month, Union Bank had completed acquisition of 49 percent shareholding of Union KBC AMC and Union KBC Trustee Company from the Belgium-based KBC Participants Renta SA and its affiliates.
Two years ago the Central Government launched the ambitious plan of bringing every Indian into the fold of banking. At the same time CNBC-TV18 in collaboration with Union Bank of India decided to contribute to this goal by launching the Financial Inclusion Agenda. Take a look at the journey so far.
Caution still remains the watchword for next fortnight or so and one should wait for the US presidential to get over before making fresh commitment to market, said Dilip Bhat, Joint MD, Prabhudas Lilladher.
Leading bourse BSE has sold 4.15 per cent stake in Central Depositor Services India Limited (CDSL) for a little over Rs 34 crore.
Ashwani Gujral of ashwanigujral.com recommends selling Union Bank of India and ICICI Bank and buy Cipla.
Ashwani Gujral of ashwanigujral.com recommends selling Union Bank of India and Ajanta Pharma and advises selling Asian Paints.
Rajat Bose of rajatkbose.com is of the view that one can sell Union Bank and Ceat.
Ashwani Gujral of ashwanigujral.com recommends buying Himatsingka Seide and Ramco Cement.
Niraj Dalal, Independent Market Expert Founding Partner, 3A Capital Advisors is of the view that one may buy PSU banking stocks.
Speaking to CNBC-TV18 Niraj Dalal of 3A Capital Advisors said that growth is a priority and given the way things have been he doesn‘t see a reason why RBI governor Urjit Patel won‘t cut rates.
"The bank has received Rs 608 crore from the central government towards preferential allotment of 26,74,87,901 equity shares of Rs 10 each at a price of Rs 22.73 per share," UBI said in a BSE filing.
M&M | Syngene International | Inox Leisure | Raymond | Pratibha Industries | Castrol | IOC | Jyoti Structures | Maruti Suzuki | UPL | Godrej Properties | Yuken India | Rollatainers | ABG Shipyard | Everonn Education | Unity Infra and Viaan Industries are stocks, which are in the news today.
Union KBC Asset Management and Union KBC Trustee Company were joint ventures between Union Bank of India and KBC Asset Management NV with 51 percent and 49 percent holding, respectively.
According to Rahul Mohindar of viratechindia.com, one can buy Karnataka Bank, Union Bank and Reliance Industries.
"The Bank has on September 15, 2016 issued 10,000 non-convertible, unsecured subordinated Basel III compliant perpetual debt instruments eligible for inclusion in additional tier 1 (AT1) capital," the bank said in a regulatory filing.
IOC | HPCL | BPCL | Cupid | Apollo Tyres | Bharat Financial Inclusion | PVR | Polyplex Corporation | Accelya Kale | Reliance Communications | Ujjivan Financial | Tube Investments and NLC India are stocks, which are in the news today.
Ashwani Gujral of ashwanigujral.com is of the view that it is a good tome to build positions in private banks and feels that PSU banks are likely to do fairly well.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India, bank of Baroda and Union Bank of India.
In an interview to CNBC-TV18's Nigel D‘Souza & Reema Tendulkar, Vinod Kathuria, ED at Union Bank of India where he spoke about the bond yields and whether PSU banks are likely to see higher treasury gains.
CNBC-TV18's Ekta Batra lists out stocks that you should focus on.