NEW DELHI: Nifty Bank index was trading with losses at 12:55PM (IST) on Monday. While Bandhan Bank (down 5.03 per cent), RBL Bank (down 4.77 per cent), IDFC Bank (down 4.33 per cent), Federal Bank (down 4.22 per cent) and Axis Bank (down 4.06 per cent) were the top losers in the index. The Nifty Bank index was trading 2.8 per cent down at 34504.2 around 12:55PM. Benchmark NSE Nifty50 index was down 251.70 points at 14779.25, while the BSE Sensex was down 876.89 points at 49915.19. Among the 50 stocks in the Nifty index, 11 were trading in the green, while 39 were in the red. Shares of Vodafone Idea, BHEL, Tata Power, YES Bank and PNB were among the most traded shares on the NSE.
NEW DELHI: SBI Mutual Fund, India s largest fund house by assets under management, accumulated some of the biggest PSU names along with private banks ahead of the Union Budget, even as it continued to dump some of their peers from the midcap space.
Data available for January showed fund managers at SBI Mutual Fund bought 5.37 crore shares of Steel Authority of India (SAIL) and 2.12 crore of NHPC amid talks of possible rerating for the PSU stocks.
The fund house also bought 20- 96 lakh shares of Indian Oil, Kirloskar Oil, ICICI Bank, HDFC Bank, Axis Bank, Torrent Power, Ahluwalia Contracts, Infosys, NTPC and Bank of Baroda during the month.
Bandhan Bank s collection efficiency hit in Assam as state passes micro-finance bill
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MUMBAI :
Bandhan Bank, a large player in the micro-finance market, has seen its collection efficiency dip in Assam days after the Bharatiya Janata Party-ruled state passed a bill to regulate micro finance lenders.
The Kolkata-headquartered lender witnessed a 10-percentage point contraction in collection efficiency between the December quarter and 1-16 January, to 78%. Collection has dipped in West Bengal as well, but by a meagre 1 percentage point, showed data released by the bank on Thursday.
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Bandhan Bank share rises 3% as Q3 advances grow 23%
The stock has touched a 52 week high of Rs 525.75 and a 52-week low of Rs 152.35. Share of Bandhan Bank has fallen 1.4% in one month and 17% in one year.
BusinessToday.In | January 7, 2021 | Updated 16:39 IST
Bandhan Bank stock is trading higher than 5, 20, 50, 100 and 200-day moving averages
Bandhan Bank shares were trading 3% higher on Thursday morning after the private lender said that its loans and advances grew by 23% YoY to Rs 80,255 crore in the third quarter of the current fiscal. The bank s total deposits during the quarter increased by 30% to Rs 71,188 crore as against Rs 54,908 crore in the corresponding period last year.