Author: Yash.Agarwal.

The state-owned bank has shown healthy growth in Q4FY23 as  compared to FY22. The standalone profit grew almost 123%, and the  bank has estimated 11%-12% growth in FY24. The Bank of India will  also raise Rs4,500 crore in the second quarter by issuing equity and  reducing the government share to 75%. Bank of India has seen a decline in mis-repayment of loans of 90 days duration. Further, reduction in  GNPA and NNPA of the bank, therefore, increasing its margin. About Bank of India Bank of India (BOI) is an Indian public sector bank headquartered in Bandra Kurla Complex, Mumbai. Founded in…

Union Bank of India has shown healthy growth in the fourth Quarter of  FY23 as compared to FY22. The bank has successfully reduced it’s Net Non Performing Assets and Gross Non-Performing Assets. The CASA has always  shown sharp growth. There was an increase in loan advances as well as  deposits of the bank. The recovery of advances was more than the  estimated value. About Union Bank of India Union Bank of India, commonly referred to as Union Bank or UBI, is  an Indian public sector bank headquartered in Mumbai. It has 120+ million  customers and a total business of US$106…

Rail Vikas Nigam Limited (RVNL) recorded share price as 52 weeks high. The movement was almost double in the share price of RVNL in last one month. The increase was due to taking up of various new projects in rail construction and also RVNL is added to the category of ‘Navratna’ status from ‘Mini ratna’. Many other companies in same sector such as IRCON and IRFC has seen growth in their share price by 32% and 20%. About Rail Vikas Nigam Limited (RVNL) Rail Vikas Nigam Limited is an Indian public sector undertaking which works as the construction arm of the…

Go First has applied for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT). The airline’s company is unable to meet its financial obligation as 50% of the fleet is grounded due to faulty engines supplied by Pratt and Whitney. Service will be halted on the 3rd, 4th, and 5th of May 2024. About Go First Airline Earlier, Go First Airlines was named Go Air Airlines a very low-cost and affordable airline which is owned by “Wadia Group”. It was also one of the largest airlines with a market share of 8.9% in FY22. It started its operation…

After the banking turmoil in the last two months, citizens of the US trust in the bank have declined. Which was one of the reasons behind the fall of First Republic Bank. But the fall will not affect the economy much, after the acquisition of the FRB by JP Morgan and support by FDIC. About First Republic Bank The bank, established by Jim Herbert in 1985, is a commercial bank and trust company. The bank took out its Initial Public Offering in 1986 with $10 per equity share. It also acquired major businesses Starbucks, Tisdale, and Associates with cash and…

RBL Bank saw a healthy growth in Fourth Quarter of FY23. The total customers also increased as compare to FY22. They got a sharp decline in Gross and Net performing assets thereby increasing the quality of Assets. Growth in net interest income and net margin interest. The Profit of the bank took an upward movement. The bank has increased its issuance of credit cards and also the growth in the total advances as well as retail advances. About RBL Bank RBL Bank which was earlier known as Ratnakar Bank, is one of the leading private sector bank in India whose…

The apex court on March 2, 2024, ordered SEBI to probe Adani regarding the Share Price manipulation and Financial Statement Misrepresentation and said to prepare a report by May 2, 2024. But SEBI had requested to extend the investigation duration by Six months because there are 12 suspicious transactions that contains further sub transactions and getting deep will require 15 months but SEBI promised they would complete the inquiry within 6 months. About SEBI Security and Exchange Board of India (SEBI) which came into effect in 1992. It is a regulatory body that governs stock exchanges. It protects the interest of …

Axis Bank reports a loss of Rs 5.7k crore in FY23 Q4 results. The reason behind this fall was the acquisition of Citi for Rs 12,325 crore one month prior. Rest all factors still give strong support towards bank growth in the future and some analysts believe that the share price of Axis Bank is undervalued. About Citi Acquisition by Axis Bank The third largest private sector bank acquired Citi Bank’s Consumer Business and non-banking financial consumer business. The Axis Bank which is the fourth largest issuer of credit cards after acquisition has jumped to the third position. After the…

Mankind Pharma Limited has announced its IPO from April 25, 2024, to April 27, 2024, while the price band will be Rs 1026 to Rs 1080 per share. One lot will consist of 13 shares and a retail investor can bid for a maximum of 14 lots. About Mankind Pharma Mankind Pharma Limited (MPL) is the fourth-largest pharmaceutical company in India by local sales and the third-largest by sales volume. More than 90% of its sales come from India. The company believes in providing the product at a reasonable price. The three most important product of MPL is Manforce Condoms …

In the regulatory filing, Wipro has mentioned that they will be declaring the Q4 FY23 results after the two-day meeting which will be conducted on April 26 and 27, while the Board will be also considering the proposal of equity share buyback. What is Buyback and how does it affect share price? Buyback of shares means when the company buys or purchases back its share from the investor who has invested in that particular company. One main reason for buying back is the excess funds in the company and instead of investing somewhere else, the company takes the decision to…