UBS Principal Capital Asia sells Axis Bank shares worth over Rs 150 crore

Shares of Axis Bank on Monday ended 0.52 per cent lower at Rs 430.95 apiece on the BSE. UBS Principal Capital Asia Ltd on Monday offloaded shares of Axis Bank worth over Rs 150 crore through open market transactions. A total of 35 lakh scrips of the private sector lender were sold at an average price of Rs 429.5 apiece, valuing the deal at Rs 150.32 crore, according to block deal data on the BSE. Through separate transactions, the shares of Axis Bank were picked up by BofA Securities Europe SA at the same price. Shares of Axis Bank on Monday ended 0.52 […]

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ICICI Bank sets floor price at Rs 351.36 for QIP

ICICI Bank shares gained 1.61 per cent to close at Rs 363.60 apiece on BSE, as against gains of 0.37 per cent on the benchmark. The second largest private sector lender ICICI Bank on Monday set the floor price at Rs 351.36 per share for its proposed share sale to raise up to Rs 15,000 crore. The floor price for the qualified institutional placement (QIP) of shares is at a discount of over 3 per cent to Monday’s close of Rs 363.60 on the BSE. The bank’s issuance committee, which met on Monday evening, decided to open the issue immediately and set […]

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Bank of Baroda posts net loss of Rs 864 crore in Q1

Net NPA ratio fell to 2.83 per cent from 3.95 per cent as on June 30, 2019. State-owned Bank of Baroda on Monday reported a standalone net loss of Rs 864 crore during the quarter ended June of the current fiscal year, due to higher provisions and contingencies. The bank had posted a net profit of Rs 710 crore in the same quarter a year ago. “On account of provisioning on standard accounts of Rs 1,811 crore, bank reported a (standalone) net loss of Rs 864 crore in Q1 FY21 and consolidated net loss stood at Rs 679 crore,” Bank of Baroda […]

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UBS Principal Capital Asia sells shares worth Rs 150 crore in Axis Bank

The deal amount stood at Rs 82.23 crore. UBS Principal Capital Asia Ltd on Friday offloaded shares worth Rs 150 crore in Axis Bank through open market transactions. A total of 35 lakh scrips of the private sector lender were sold at an average price of Rs 428.7 apiece, valuing the deal at Rs 150 crore, according to block deal data on the BSE. Through separate transactions, the shares of Axis Bank were picked up by BofA Securities Europe SA at the same price. On the BSE, shares of Axis Bank on Friday ended at Rs 433.2 apiece, up 0.05 per cent […]

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How RBI’s LTV move for gold loan will affect banks

The RBI’s announcement on higher LTV gold loans is limited to the banking sector. The increase in loan-to-value (LTV) ratio for gold loans, or the quantum of borrowing against a given quantity of the precious metal, will heighten credit risks for banks, a ratings agency said on Friday. The RBI had on Thursday increased the LTV ratio for gold loans by banks to 90 per cent from the earlier 75 per cent, in a bid to make money available to people affected by the coronavirus pandemic. “…an increase in the LTV ratio to 90 per cent increases the credit risk for […]

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Veteran banker KV Kamath to help with coronavirus-related stressed assets; RBI sets up panel

As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on Thursday. The Reserve Bank of India (RBI) on Friday set up an expert committee under veteran banker K V Kamath to suggest financial parameters for resolution of coronavirus-related stressed assets. The committee will submit its recommendations to the RBI, which will notify them along with modifications, if any, in 30 days. As part of the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement on Thursday, the RBI has announced a ‘Resolution Framework for COVID-19-related Stress’, as a special […]

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Big relief to borrowers: Banks, NBFCs can recast personal loans, extend moratorium

The regulator has given maximum time till March 2020 to implement resolution framework for personal loans. By Ankur Mishra The Reserve Bank of India (RBI) on Thursday allowed banks and non-banking financial companies (NBFCs) to restructure personal loans, which includes granting moratorium to the borrower.  “The resolution plans may include rescheduling of payments, conversion of any interest accrued, or to be accrued, into another credit facility, or, granting of moratorium,” RBI said. This will be based on an assessment of income streams of the borrower, subject to a maximum period of two years. However, lending institutions need to provide 10% for […]

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market cap

Market Capitalisation

What is Market Capitalisation? Marketplace capitalisation (additionally recognised as marketcap) is genuinely the complete forex value of all the enterprise’s shares first-rate. It is calculated with the resource of multiplying the quantity of overall shares extremely excellent with the resource of the current day price of the traded stock suitable now. Market capitalisation is used as an indicator of the dimension of a commercial enterprise agency and risks related to it. All organisations begin as an concept, at which point their market cap is zero As ideas turn into actions and some profits or traders’ trust are gained, share charge starts […]

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mutual funds

How to Pick Your First Mutual Fund?

How to pick your first mutual fund? Let me explain. So after all the studies for whereby to invest your cash, you zeroed-in on mutual funds. You’re prepared to make investments. However like many of us, you’ll be wondering how to pick the first investment….. Today, I am going to assist you. So, how need to you select out your first fund? The first-class element about mutual price vary is that they offer scheme classes that match almost every risk urge for food & time horizon. So allow me to check a variety of the fund categories that would go well […]

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Stock Market

Investing in Stock Market

When you think of investing, the primary thing that comes into your mind is this complicated world of the Stock Market.. With so many charts and numbers, it’s easy to get confused, so let’s break it down and try and make a experience out of it. Let’s say you have built a business, however now you need some more money to amplify or perhaps you simply need a own private jet. Where do you get the cash from? Here is an idea for you, why don’t you breakdown your company and sell part of it even as you preserve the majority to stay in charge. That’s what stock market is for, and this process is referred to as Initial Public Offering (IPO). But how a good deal money are you able to make? Let’s take an example of Mark Zuckerberg’s little toy – facebook. It went public in 2012 with 337 million shares at a price of 38 dollars a share. Not bad! But, while he realized that, that there […]

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