Tag: Bank
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Bajaj Finance, RBL Bank fall as RBI grants only 1 more year to co-branded credit cards
RBI has not yet allowed NBFCs to launch credit cards so most NBFCs have opted for the co-branded route. Bajaj Finance has credit card partnerships with RBL Bank and DBS Bank. While DBS Bank partnership is one-year old, the one with RBL Bank is a long standing one that started in FY18. Observing “serious deficiencies”…
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Bank of America: Lower Interest Rates Will Restore Confidence (NYSE:BAC)
Justin Sullivan/Getty Images News Introduction A few weeks ago, I wrote an article on the so-called “busted” preferred shares issued by Bank of America (NYSE:BAC) as it was unlikely that those shares will be force-converted anytime soon. While I have pretty much always focused on the Series L preferred shares, Bank of America has issued…
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Bank Of America: Grab The 6% Yield Preferreds (NYSE:BAC)
Brian Moynihan Drew Angerer Bank of America (NYSE:BAC) is a stock I’ve had some great experiences with lately. I bought it heavily during the Spring 2023 banking crisis, then again during the treasury yield panic, eventually making the stock the biggest holding in my portfolio. I thought it was a good buy because it was…
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Fed’s John Williams says the central bank isn't 'really talking about rate cuts right now'
New York Federal Reserve President John Williams said Friday rate cuts are not a topic of discussion at the moment for the central bank. “We aren’t really talking about rate cuts right now,” he said on CNBC’s “Squawk Box.” “We’re very focused on the question in front of us, which as chair Powell said… is,…
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National Bank Of Canada: Encouraging Growth, Outlook Uncertain
JHVEPhoto Investment Thesis: I continue to rate National Bank of Canada as a hold at this time. In a previous article back in September, I made the argument that National Bank of Canada (TSX:NA:CA) could see modest performance going forward, unless we see a significant rebound in growth for both net interest income and equity…
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Nifty, Bank Nifty option premiums to remain low as volatility ebbs, poll certainty increases
In the November series, India VIX hit a low of around 8.4 amid a lack of major triggers in the markets. NSE Nifty 50, Bank Nifty and other index option premiums have fallen since October with realised volatility, and are likely to remain subdued in the run up to 2024 general elections as the market…
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Bank records show Joe Biden received MONTHLY payments from Hunter’s company that received millions from China: Republicans zero in on firm president’s son used for ‘tax evasion’
Newly revealed banking records show that President Joe Biden has received at least three monthly payments from a company owned by Hunter Biden that raked in millions from China, Republicans say. In 2018, after Joe Biden left the vice presidency and before he launched his presidential campaign, he received three payments of $1,380 each on…
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Ujjivan Small Finance Bank announces its Q2 FY24 results
Growing Bigger & Stronger Consistently NII at ₹ 823 crore up 24% Y-o-Y; PAT at ₹ 328 crore up 11% Y-o-Y Disbursed ₹ 5,749 crore / ₹ 11,033 crore in Q2FY24/H1FY24; Gross loan book up 27% Y-o-Y Asset quality continues to be healthy with GNPA/NNPA at 2.2%/0.09% & PAR at 3.7%; Deposits at ₹29,139 crore…