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Valuations of PSU banks turning less attractive, says brokerage The current benign credit environment has supported asset quality for PSU banks and early warning indicators give no reason to worry, Kotak Institutional Equities said in a report. Profitability has been further boosted by provision reversals and revenue recovery from bad loan resolutions. While these recoveries will likely hold up in FY2025E as well, a steady decline is inevitable thereby impacting profitability. Given the swift re-rating of valuation multiples, the brokerage has downgrad...
Valuations of PSU banks turning less attractive, says brokerage
Valuations of PSU banks turning less attractive, says brokerage
Source: IANS
2024-02-29 04:44:38 pm
India government`s dividend income from central bank in FY25 to be similar to FY24 The Indian government expects its dividend income from the Reserve Bank of India for the current financial year ending March to stay at levels similar to the last financial year, a government source told reporters on Monday. The Reserve Bank of India board had approved a transfer of 874.16 billion rupees ($10.55 billion) as surplus to the government for fiscal year 2022/23, which was paid in May 2023 and gets accounted in fiscal 2024 for the government. For fiscal 2025, the government h...
India government`s dividend income from central bank in FY25 to be similar to FY24
India government`s dividend income from central bank in FY25 to be similar to FY24
Source: Reuters
2024-02-26 05:26:30 pm
Bank of India raises Rs. 2,000 Crores at 7.88% in Tier II Bond Offering Bank of India, a leading public sector bank, has raised Basel III compliant Tier II bonds of Rs.2,000 crores @ 7.88% p.a, today through NSE?s Electronic Bidding Provider Platform. The bank received a total of 83 bids amounting to Rs. 3,770 crores. Out of these, there were 48 successful bidders totaling Rs. 2,000 crores. The Tier II capital is raised for augmenting the overall capital of the Bank and for enhancing the long-term resources in accordance with RBI guidelines.  The funds ...
Bank of India raises Rs. 2,000 Crores at 7.88% in Tier II Bond Offering
Bank of India raises Rs. 2,000 Crores at 7.88% in Tier II Bond Offering
Source: PR Agency
2023-09-14 09:34:57am