Apr 16, 2024, 10:27:38 AM IST As the Q4 results of listed companies are underway, it’s important for investors with bank stocks in their portfolios to be aware of the NPAs (non-performing assets) of banks. According to Trendlyne data, Bank of Baroda, Punjab National Bank, RBL Bank, and Bank of India are among the banks … Read more
Brokerage firm Investec initiated a fast sell on HCL Technologies, HSBC maintained a buy on Zomato, Morgan Stanley maintained an overweight rating on Bank of India and Jefferies maintained a buy on Bharti Airtel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Telecom: Bharti Airtel, … Read more
Bank of India received an overwhelming response for its qualified institutional placement of shares, which was subscribed 4.11 times. The QIP included a base size of Rs 2,250 crore, with a greenshoe option of another Rs 2,250 crore in case of an oversubscription. The lender received a total 104 bids aggregating up to Rs 18,483 … Read more
State owned Bank of India (BoI)’s capital raise via a qualified institutional placement (QIP) to investors has received strong demand with large domestic and foreign investors lining up cash ensuring that the bank has received bids worth close Rs18,000 crore before subscription was closed this morning. Pinebridge Capital Investments, Morgan Stanley Invesment Management, Millennium LLC, … Read more
