LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF
The total dilution in the IPO could be 33 per cent
Under the pact, EHFL and BoB will share risks and rewards in creating a conducive lending ecosystem for home loan seekers
The issue, which opened on Tuesday and closed the same day, saw a total of 21 allottees through private placement of bonds
State government to issue letters of comfort undertaking to repay the banks in case of any default
It is alleged that there was illegal transfer and misuse of funds from government accounts
Elevated slippages, weak asset quality and a near-stagnant loan growth don't bode well for investors
The lenders, led by State Bank of India, Bank of Baroda and IDFC had moved the high court seeking a relief from an earlier order that restrained DHFL from making any payments to creditors
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
The bureau has also suggested the names of L V Prabhakar and Atanu Kumar Das for Canara Bank Bank of India chiefs, respectively
The bank did not factor in the effect of deferred tax assets for this quarter. It will, however, do it before March 2020.
Total income rose to Rs 22,097.91 crore for the second quarter of 2019-20, compared with Rs 13,429.95 crore a year ago
The bank, which got merged with Vijaya Bank and Dena Bank, posted a standalone profit of Rs 425.4 crore in the corresponding quarter of the previous fiscal (Q2FY19)
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Deputy chief executive officer Anand Shah to quit BNP Paribas AMC
SBI is the lead banker in 48 districts across the country. Likewise, BoB is the lead banker in 17 out of 250 districts in the first phase.
The move comes a day after the public sector lender received capital infusion of Rs 7,000 crore from the Centre
BoB to focus heavily on women SHGs, looks to expand small loans, micro finance portfolio
Undoubtedly, this merger is going to create a case study for the students of management and banking professionals, this merger was of a different kind and of a larger scale also
The market may take time to digest the BoB-Vijaya-Dena merger but it could be a template for the next four mergers to create "NextGen" mega banks