Dena Bank was already under the RBI'sprompt corrective action framework since June a year ago, and the fresh restrictions sent the stock tumbling over 12 per cent on Monday. Such restriction comes due to bank's CRAR and leverage position ratio, which is why, RBI has made a decision to bring in some limitation in Allahabad Bank's operation. The stock today is trading at Rs 17.15, down 7 percent.
The mounting losses and the RBI restrictions under the PCA watchlist will curtail banks' ability to lend, which in turn will create problems in terms of financing investments, he added.
To restrict accessing /renewing wholesale/costly deposits/certificate of deposits.
At the end of March, the bank's gross NPA was at Rs26,562.79 crore or 15.96% of total advances, as compared to Rs20,687.83 crore or 13.09% at the beginning of the year.
The latest directive from the central bank was put before the board of this public sector bank at its meeting on May 11, Dena Bank had said in a filing to the stock exchanges.
Whirlpool of India Limited (500238) Increased 0.11% on May 13 India is constantly growing as it takes advantage of various growth opportunities and carries out long-term growth prospects. Meanwhile, the NSE was established in 1992 as the first stock exchange in India with a fully electronic trading system.
South Indian Bank's fourth- quarter net profit rose 51% to ₹114.10 crore from ₹75.55 crore in the year-earlier period.
On Friday, public sector lender Allahabad Bank posted a standalone net loss of Rs 3,509.63 crore for the quarter ended March due to more than three-time rise in its provisions for bad loans.
Risk weighting of assets involves adjusting the value of assets of the bank by a factor that reflects the risks associated with the asset.
The PCA is a mechanism to strengthen the weak banks, which have breached certain benchmarks with respect to NPAs, return on equity, capital requirements, etc.
On Monday, the share price of Allahabad Bank closed at Rs 44.20 down by 3.18%.
Kalos Management Inc. purchased a new stake in shares of General Electric during the 3rd quarter valued at about $211,000. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business.
Martin & Inc Tn has 0.55% invested in AT&T Inc. 463,061 were accumulated by Gotham Asset Management Ltd Limited Liability Company. Bain Capital decreased its stake in Honeywell Intl Inc (HON) by 35.84% based on its latest 2017Q4 regulatory filing with the SEC.
Instead, Glanzman believes they may be storied in the nuclei of neurons, a theory that needs more study to be definitively shown. Yes, sea snails may have 20,000 neurons - a paltry sum compared to humans' 100 billion.
Netflix has ordered the one-hour comedy series AJ and the Queen , starring, co-written and executive-produced by RuPaul Charles. Miles Dale, who will exec produce the Netflix original series alongside Exile Entertainment's Gary Ungar.
It told the harrowing story of the children who were groomed, sexually abused and trafficked by British Pakistani men in Rochdale. American series "Big Little Lies" and " The Handmaid's Tale " are among nominees in the global category of these British awards.
During the quarter, the company reported a total income of ₹ 9,197 crore as against ₹ 8,969 crore in the same period past year . The company had posted a net profit of Rs 1,183 crore in January-March period a year ago, HUL said in a BSE filing.
The first one has "Financial Exchange Stock Talk: J Mintzmyer On Teekay LNG Partners" as a title and was posted on April 24, 2018. TK is touching $8.89 during the last trading session, after decreased 0.67%.Teekay Corporation has volume of 336,183 shares.
Fernandes said he shared the views of many Malaysians and that he looked forward to a new Malaysia that gives everyone a chance. The upset brought Malaysia's first change of government since gaining independence from Britain in 1957.
Police in Fairfield, California say they uncovered the alleged abuse after responding to a report of a missing child March 31. Meanwhile, the children's mother, Ina Rogers, a 30-year-old Fairfield resident, has been booked on child neglect charges.
Rio Tinto Plc (NYSE:RIO) Shorts Decreased By 7.48%
Rio Tinto plc, a mining and metals company, explores for, develops, produces, and processes minerals and metals worldwide. Historical statistical volatility is a measure of how much the stock price fluctuated during a given time period.
Did Trump Just Kill The OPEC Deal?
At the same time, the country would make preparations to restart its nuclear program, he said . The U.S. leader accused Iran of creating " bedlam and death " in the region.
The JM Smucker Company
Smucker Company (NYSE:SJM) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The lowest target is $112 while the high is $155. $129.14's average target is 14.26% above currents $113.02 stock price.
Oil rises more than 3 per cent after USA quits Iran deal
In a statement late Tuesday, the Saudi energy ministry said was "committed to supporting the stability of oil markets". The USA will doubtless re-impose sanctions in opposition to Iran after 180 days, until another settlement is reached.