Wednesday, August 10, 2022
Home > bank

Banks to report mark-to-market losses of Rs 13,000 crore on rising bond yields: Report

Rising bond yields will force banks to report mark-to-market losses of up to Rs 13,000 crore on their investment portfolios in the April-June quarter, a report said on Tuesday. Profits will moderate for the quarter, but improved loan growth and operating profits will ensure that the banks' bottom lines

Read More

ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve Bank

Reserve Bank of India (RBI) has said that all ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering (IPO), the country's biggest ever offer, opened for subscription by retail and institutional investors on Wednesday. The

Read More

Government nominates Hardik Mukesh Sheth as director to Central Bank of India’s board

State-owned Central Bank of India on Monday said the government has nominated Hardik Mukesh Sheth to its board with immediate effect. Sheth, a director at the Department of Financial Services, has been appointed as the government nominee in place of Bhushan Kumar Sinha with immediate effect and until further orders,

Read More