Shares of public sector banks (PSBs) such as Punjab National Bank (PNB), Allahabad Bank, Central Bank of India (CBI) and Dena Bank have hit their respective 52-week lows after these banks reported a weak set of numbers for the quarter ended December 31,
Here are a few intra-day trading strategies from Geojit BNP Paribas for trade today:PUNJAB NATIONAL BANK (Rs 87.75)Support at Rs 86.20 below Rs 85.10. Resistance is at Rs 88.95 above Rs 90.75. (Sell for intraday with a stoploss above Rs
State-run Central Bank of India on Monday posted 9.67 per cent increase in net profit to Rs 112.87 crore for the July-September quarter. The bank had reported Rs 102.91 crore net profit in the corresponding period last year.
Ratings agency Moody’s has downgraded ratings for Central Bank of India and Indian Overseas Bank (IOB)’s local and foreign currency deposits from “Baa3&" to “Ba1&" following the government’s policy to differentiate
Central Bank of India on Saturday reported net profit of Rs 103 crore in the September quarter on lower provisioning and improvement in margins, as against a whopping Rs 1,509 crore net loss a year ago.
The Central Bureau of Investigation (CBI) has registered a case against Electrotherm (India) Ltd., an Ahmedabad based engineering firm, for allegedly cheating the Central Bank of India to the tune of Rs 436 crore.
Central Bank of India has surged 9% to Rs 73.15 after reporting a nine-fold rise in net profit at Rs 192 crore in the April-June quarter (Q1), aided by a drop in provisions for bad loans and increase in net interest income.
State-run lender Central Bank of India has said it is in the process of selling 4% of its stake to Life Insurance Corporation through an institutional placement for Rs 581 crore to meet its capital requirement of Rs 2,000 crore this fiscal.