
After SBI, this PSU bank crosses ₹1 lakh crore m-cap
The market capitalisation of Bank of Baroda touched ₹100,400 crore after its stock price rose 3.6% to hit an intraday high of ₹194.85 on the BSE.
The market capitalisation of Bank of Baroda touched ₹100,400 crore after its stock price rose 3.6% to hit an intraday high of ₹194.85 on the BSE.
The banking stock has declined as much as 7% in the past three sessions as investors resorted to profit booking ahead of its fourth quarter earnings report.
The board of SBI is scheduled to meet on January 3 to consider and approve a proposal to raise up to ₹10,000 crore through infrastructure bonds.
Shares of Punjab National Bank hit a 52-week high after the government approved the divestment of its entire stake in UTI Asset Management Company.
This PSU bank share hit a 17-month high of ₹83.25 in intraday today after Acuité Ratings reaffirmed its long term rating of ‘AA’ for the lender's additional tier-1 bonds.
After HDFC Bank and ICICI Bank, State Bank of India is the third lender to cross the ₹5 lakh crore market capitalisation mark.
The board of Indian Overseas Bank has approved the capital plan for FY23, which includes raising up to ₹2,000 crore by issuing equity shares and bonds.
This largecap bank shares have hit a two-year high of ₹118.35 intraday today on the back of strong December quarter earnings.