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Bank of Baroda’s rising NPAs may force it to sell assets

Bank of Baroda’s rising NPAs may force it to sell assets

08/12/2017 1:07 PM | Saturday | By DSIJ Team

With its gross non-performing assets (NPAs) increasing to Rs 46,172 crore as on June 30, 2017, Bank of Baroda is likely to sell some of its non-core assets valued at about Rs 2,000 crore during FY18.

IOC imports 1.9 billion barrels of US crude

IOC imports 1.9 billion barrels of US crude

08/11/2017 12:38 PM | Friday | By DSIJ Team

Indian Oil Corporation (IOC) has bought 1.9 barrels of US’ crude in the second import tender seeking oil from the US

Union Bank of India green-lights foreign investment in UAMC

Union Bank of India green-lights foreign investment in UAMC

08/11/2017 11:24 AM | Friday | By DSIJ Team

Banking sector player Union Bank of India’s board has approved investments by foreign investors in Union Asset Management Company, which is a wholly-owned subsidiary of the bank and the asset management company for Union Mutual Fund.

UCO Bank allots 30.7 crore shares to government

UCO Bank allots 30.7 crore shares to government

08/11/2017 10:33 AM | Friday | By DSIJ Team

UCO Bank has issued and allotted 30,71,58,119 equity shares of face value of Rs 10 each to the Government of India at an issue price of Rs 37.44 per equity share, including a premium of Rs 27.44 per equity share, said the bank in a BSE filing post market hours on Thursday.

Moil announces bonus share of 1:1

Moil announces bonus share of 1:1

08/11/2017 9:48 AM | Friday | By DSIJ Team

The shares of Moil spiralled upward over 4% intraday in Friday’s trading session after the company announced the issuance of bonus share.

NHPC signs agreement with BSES Yamuna Power

NHPC signs agreement with BSES Yamuna Power

08/10/2017 10:12 AM | Thursday | By DSIJ Team

National Hydro Power Corporation (NHPC) announced that it has signed an agreement with BSES Yamuna Power, as per a BSE filing on Wednesday.

GMDC PAT increases 59 per cent sequentially in Q1FY18

GMDC PAT increases 59 per cent sequentially in Q1FY18

08/09/2017 7:19 PM | Wednesday | By Nidhi Jani

GMDC reported its results for the quarter ended June 30, 2017 on Wednesday.The company reported total sales of Rs 583.1 crore for Q1FY18, which represents a 7.2 per cent sequential increase and 42.1 per cent YoY increase.


Engineers India Ltd. : Q1FY18 Result

Engineers India Ltd. : Q1FY18 Result

08/09/2017 5:10 PM | Wednesday | By Rohan Takalkar

Engineers India Ltd. reported its results for the quarter ended March 31, 2017 today. The standalone numbers were largely mixed on subdued topline and strong bottomline.

NHPC PAT increases nearly 5 times in Q1FY18

NHPC PAT increases nearly 5 times in Q1FY18

08/09/2017 3:46 PM | Wednesday | By Nidhi Jani

NHPC declared its results for the quarter ended June 30, 2017 on Wednesday. The company reported total sales of Rs. 2327.5 crore for Q1FY18, which represents a 70.8 per cent sequential increase and 5.9 per cent YoY increase.

Syndicate Bank cuts lending rate by 5-10 bps

Syndicate Bank cuts lending rate by 5-10 bps

08/09/2017 12:21 PM | Wednesday | By DSIJ Team

Syndicate Bank has revised the marginal cost of funds-based lending rates (MCLR) and has slashed the lending rates by 5-10 bps. It has slashed the six-month MCLR by 5 bps and one-year MCLR by 10 bps, while it has not made any changes in the base rate and BPLR.

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