Stocks in the news

Stocks in the news: SBI, Lakshmi Vilas Bank, Praj Ind, Avenue Supermarts, Info Edge

Jet Airways | Lakshmi Vilas Bank | Ashok Leyland | Avenue Supermarts | Info Edge and Vodafone Idea are stocks which are in the news today.

Moneycontrol News@moneycontrolcom

    

Here are stocks that are in the news today:

SBI: Bank cut MCLR across tenors by five basis points. Home loan rates for up to Rs 30 lakh have been cut by 10 bps.

Praj Industries signed a construction license agreement with Gevo Inc, USA to commercialize technology for production of lsobutanol using sugary-based feedstock

Tata Sponge Iron completed the acquisition of steel business including captive power plants of Usha Martin, pursuant to cash consideration of Rs 4,094 crore to Usha Martin

Board meeting on April 18 to cosider and approve the audited financial results and dividend for the financial year ended March 31, 2019

RELATED NEWS

• Stocks in the news: Panacea Biotec, Bharti Airtel, Fortis, Voltas, Asian Paints, Majesco, Coffee Day

• Stocks in the news: NIIT Tech, Lakshmi Vilas Bank, HPL Electric, Muthoot Finance, Torrent Pharma

• Stocks in the news: Godrej Properties, Cipla, Titan, VST Tillers, Bal Pharma, Zensar Tech

Info Edge: Company has invested through its wholly-owned subsidiary Rs 6 crore in Bizcrum Infotech Private Ltd.

Avenue Supermarts: Company raised Rs 50 crore via commercial papers.

Ashok Leyland: Promoter pledged 1.33 percent stake in the company.

Vodafone Idea: Rs 25,000 crore rights issue to open on April 10 & close on April 24.

Panacea Biotec has done one-time settlement with consortium lenders to resolve the current debt position of the company

Olectra Greentech board approved the allotment 27 lakh shares at an issue price of Rs. 80.10 to promoter group Goldstone Power, against a conversion of balance 27 lakh warrant out of 54 lakh warrants which were allotted to the promoter group in October 2017

Mindtree to consider to consider the audited financial results and declaration of interim and/or special dividend on April 17

Forbes & Co: CARE revised the company's long term rating to A+ From AA-.

Jet Airways: DGCA said company's lessors apply for de-registration of 7 more planes.

Karda Constructions: Company has completed RCC work of residential building A of project Hari Nakshatra Phase I amounting to Rs 9 crore against the construction work order of Rs 18.92 crore awarded by Shree Sainath Land & Development (India) Private Limited.

Kiri Industries: Singapore Court reserved its judgement in Dystar’s minority oppression suit

Mahindra CIE Automotive completed 100 percent acquisition of Aurangabad Electricals

Analyst or Board Meet/Briefings

Mahindra Logistics: Company's officials will meet Aegon Life Insurance on April 10 and Quest Investment Advisors on April 16.

Lakshmi Vilas Bank: Board to consider raising funds via shares on April 12.

Shriram City Union Finance: Company will announce March quarter results and recommend dividend on April 24

Bulk Deals on April 9

Firs

Lakshmi Vilas Bank crashes 5% on plans to raise funds

At 1156, Lakshmi Vilas Bank was quoting Rs 87.90, down 4.97 percent on the BSE.

Moneycontrol News@moneycontrolcom

    

Shares of Lakshmi Vilas Bank fell 5 percent intraday on April 7 after the Chennai-based bank said it will consider raising funds on April 12.

The bank in its BSE release said that it is planning to raise funds by preferential allotment of equity shares and additional tier I bonds.

On April 5, the board of the bank approved the merger with Indiabulls Housing Finance. Following the deal, shareholders of the LVB will get Indiabulls Housing's 0.14 share of face value Rs 2 for every one share of Rs 10.

This means for every 100 shares held in LVB, shareholders will get 14 shares of Indiabulls Housing.

At 1156, Lakshmi Vilas Bank was quoting Rs 87.90, down 4.97 percent on the BSE.

First Published on Apr 10, 2019 12:01 pm

TAGS #BSE #Buzzing Stocks #Lakshmi Vilas Bank #Markets

Different types of banks

DIFFERENT TYPES OF BANKS

Commercial Banks

Commercial banks are the banks that accept money in the form of deposits from the public and give loans and advances to its customers by charging interest. They mobilize small savings and promote the growth of trade and commerce. Generally, commercial banks lend money for a short period only. They only provide working capital to the organizations. But in recent times commercial banks are providing long-term capital also to the organizations.

There are several types of deposits which are accepted by the commercial banks like

⦿ Savings Deposits
⦿ Current Deposits
⦿ Fixed Deposits
⦿ Seasonal Deposits
⦿ Recurring Deposits, etc

The Commercial banks give different types of loans and advances to the businessmen like

⦿ Cash Credits
⦿ Overdrafts
⦿ Loans
⦿ Discounting Bills

ALLAHABAD BANK

Call us :

Toll free : 18005722000 ( ATM / Other Delivery channels ) Toll free : 18005722000 ( Internet Banking, Mobile banking and SMS Banking )

Write Us :

e-Mail Id : atm.switch[at]allahabadbank[dot]in ( for ATM releted issue ) e-Mail Id : customercare[at]allahabadbank[dot]in ( for any Banking problem )

Self Service:

ATM Card Block : Send a SMS BLOCKCARD <last 6 digit of card no> or BLOCKACCT < last 6 digit of account no > from your registered mobile no to 9223150150 ATM PIN change :Change your ATM PIN by Login in to Internet Banking and using ATM Services option. Login password Generation: Please use forgot password link available on login page . Transaction password Generation: Please login into Internet Banking and go to password management option and use the Transaction password generation option.

Beware of Apps which gives away Remote Access to Mobile Device!!!

Dear Customer, A new modus operandi is noticed through which fraudster can easily take remote access of a victim's mobile device by using mobile apps like “Anydesk”or any similar apps and carry out transactions. Dupe the victim to add remote access apps like “AnyDesk” from Playstore or Appstore. Ask for One Time Password (OTP). Asks the unsuspecting victim for device permission. Gains remote access to the device. Carries out unauthorized transactions using device permissions provided.

Read More...

Important Security Tips

I- Safe Online Banking Bank’s website is secured site and can be verified with "Lock" icon. Browsers by default displays a "lock" icon in window of the browser (NOT in the web page display area!). Check the webpage's URL. When browsing the web, the URLs (web page addresses) begin with the letters "http". However, over a secure connection, the address displayed should begin with "https" - note the "s" at the end. For Example : https://www.andhrabank.in Bank’s website to login to Internet Banking is www.andhrabank.in and toll-free number to report any issues is 18004251515. Login to Internet Banking requires your user ID and password and no other details are captured. Customer can save Internet Banking URL as their favorite. Internet Banking EV-SSL Certificates provide you the evidence of the server's authenticity which safeguards users from trusting unauthorised sites and allows the session to be encrypted. Internet Banking URL starts with https://www.onlineandhrabank.net.in and address bar changes to green color to show the trust factor. If you are in any doubt, click on the Secure Seal on at the bottom of the Login Page. This opens up a new window, displaying the SSL certificate information. Ensure that there is no red cross mark preceding the title 'Certificate Information'. It should also be 'Issued to: www.onlineandhrabank.net.in. You can get more information by clicking on the other tabs in the certificate window Avoid accessing your Internet Banking account from a cyber cafe. Customers can use a Virtual Keyboard to enter their passwords while logging into NetBanking. This protects the customers credentials from being compromised by key-logger software installed on untrusted/shared computers. Shop online only with reputable and reliable brands. This way, you not only ensure good quality products, but also high amount of safety when you are transacting online. If an online retailer is requesting private data, avoid shopping with them. Your password should be complex and difficult for others to guess. Use strong password (Combination of alphabets numbers and special characters) that is easy to remember but difficult to guess. Use different passwords for different accounts and change them periodically. Change your Internet Banking password regularly and never disclose it to anyone. Do not write them down. Do not give your account information to telemarketers or to callers claiming to confirm or verify your account information Bank has also implemented additional security form factor like One Time Password (OTP) / Software Token / Hardware token to authenticate the transactions. Please do not share OTP. It is important to use up-to-date Anti-virus software and a personal firewall. Bank uses a combination of Secure Socket Layer (SSL) protocol and passwords to protect your information. Fund Transfer can only be made to the registered beneficiaries added by the Customer. The customer can transfer funds to the payee only after a 180 minutes of cooling period. During first 24 hours, customer will be allowed to transfer to the activated beneficiary upto Rs. 50,000/-. An SMS alerts of the beneficiary addition is sent to the customer to review the payee if fraudulently/erroneously registered. Always remember to Log off on Internet Banking and close your browser when you have finished your online banking. Disable the 'AutoComplete' function within your browser. Install firewall and anti-virus software and keep it up to date to help detect and disable malicious software. Be cautious about any unsolicited offers or opportunities offering you the chance to make some easy money. These adverts will normally state that they are an overseas company seeking "representatives" or "agents" to act on their behalf for a period of time, sometimes to avoid high charges for making payments, or local taxes. Andhra Bank will never ask for any personal credentials/information over Phone / SMS / e-mails. If you receive an call / e-mail requesting asking Internet Banking security details like PIN, password or account number, please DO NOT RESPOND and forward the details to report-incident@andhrabank.co.in Use genuine operating system and protect your personal computer by installing Anti-Virus or Anti malware Software. Do not post sensitive or confidential details like date of birth, PAN, Bank Account details etc. over social media Register your mobile for SMS alerts and check the accounts periodically for any suspected transactions. Never call/respond to contacts available in Google, FB etc., for any grievances like loss of Cards/PIN etc. contact Andhra Bank at 18004251515. Understand privacy policies, so that you know how they process and store your information.

II-Caution against fictitious offers RBI Press Release : 2007-2008/770, Dated - December 7, 2007  The Reserve Bank of India has advised members of public not to fall prey to fictitious offers for release of cheap funds claimed to have been remitted by overseas entities to banks in India / Reserve Bank of India. Members of public should also not make any remittance towards participation in such schemes/offers from unknown entities. Describing the typical modality of such offers, the Reserve Bank of India stated that certain foreign entities/individuals, including Indian residents acting as representatives of such entities/individuals, make offers through letters / emails, etc., of huge money in foreign currency to resident individuals/entities (including schools/hospitals), on the pretext of helping them in their business/ventures in India. Once the contact is established, the offer is followed by a request seeking details of bank account of the Individuals/Indian entity and asking some amount to be remitted to them as initial deposit/commission so that the offer money could be transferred. Likewise, references have been also received in the Reserve Bank in the recent past from individuals/authorised dealers seeking approvals/clarifications for effecting remittances in foreign currency towards commission/fees for receiving prizes won in overseas lottery schemes etc. It has also come to the notice of the Reserve Bank that certain overseas organisations have been advising individuals/companies/trusts in India that huge sums of money for disbursal of loans in India at cheap rates has been kept in an account with the Reserve Bank and the funds would be released after approval from the Reserve Bank. To substantiate their claims, even copies of certificate/deposit receipts purported to have been issued by the Reserve Bank are produced by such operators.The Reserve Bank of India has today clarified that remittance in any form towards participation in lottery schemes is prohibited under Foreign Exchange Management Act, 1999. Further, these restrictions are also applicable to remittances for participation in lottery-like schemes functioning under different names, such as, money circulation scheme or remittances for the purpose of securing prize money/awards, etc. The Reserve Bank of India has further clarified that it does not maintain any account in the name of individuals/companies / trusts in India to hold funds for disbursal.  You may receive letters/emails from foreign entities/Individuals claiming to offer huge amounts of money in foreign currency, on the pretext of helping you in your business/ venture. These may request for your bank account details and ask you to remit an initial deposit/commission so that they can transfer the money offered. They may also claim that huge sums of money for disbursal of loans at cheap rates are kept in an account with the Reserve Bank of India (RBI), and may show copies of certificate/deposit receipts purported to have been issued by the Reserve Bank. RBI does not maintain any account in the name of individuals / companies / trusts in India to hold funds for disbursal and it cautions you against such offers. Also, RBI have received approvals/clarification requests from individuals/entities for effecting remittances in foreign currency towards commission/fees for receiving prizes won in overseas lottery schemes etc.  Do not participate in lottery-like schemes functioning under different names, such as, money circulation scheme or remittances for the purpose of securing prize money/awards, etc. These are prohibited under the Foreign Exchange Management Act, 1999

Retail Banking

 

Retail Banking

• Personal
• Products

Presenting, retail banking solutions for everybody!

HDFC Bank is a leading Indian retail bank. Innovative products and smart banking solutions make us the banker of choice for millions of users each day. With a nationwide network of   branches,   ATMs and 240,000+ merchants (point-of-sale)accepting HDFC Bank credit and debit cards, we continue to redefine banking convenience.

Personal banking solutions from HDFC Bank offer smart features and benefits to ensure that you make the most of your relationship with us. Our retail banking products and services are designed to meet the end-to-end needs of all types of users. From zero balance savings accounts to customized salary accounts, flexible home and personal loans to 360 NRI Banking services, HDFC Bank is for everybody.

HDFC Bank is preferred because it offers the entire banking experience under one roof. Amazing offers, customized solutions, minimum paperwork and quick turnaround times are some of the hallmarks of HDFC Bank that has made it the banker of choice in India.

Browse through the exhaustive list of our retail banking products, compare the features and benefits, check the eligibility criteria and apply online.

Retail Banking Products & Services

Accounts & Deposits

Experience banking of the future with a bank account from HDFC Bank. A world of smart features, multiple banking channels and prompt customer service awaits you.

View details

Loans

Whatever be your need, we have a loan for you. Choose HDFC Bank for quick check on eligibility, competitive 

OVERVIEW PAISA BAZAR

• OVERVIEW

Personal loan is a short to medium term unsecured loan granted to an individual. It is commonly used to meet such financial needs as debt consolidation, wedding expenses, unexpected medical costs, home renovation and others. Flexibility of usage, minimal documentation and quick processing make personal loan a preferred financing option. Unlike other loans, it usually has a shorter repayment tenure ranging from 1-5 years. Depending upon the individual applicant's profile and lender, the APR (Annual Percentage Rate) of a personal loan may vary from 11.29% to 35%.

For example, if you take a loan of Rs. 4.5 lakhs at the rate of 15.5% with repayment tenure of 3 years, your EMI will be Rs. 15,710. The total payable amount at the end of 3 years would be Rs. 5,65,553. Therefore, you are paying total interest amount to the tune of Rs 115,553. This, however, excludes other applicable charges which can be quantified as under:

Loan Processing Charge@2% = Rs.9000

Documentation charges = Rs. 500

Amortization Schedule charges = Rs. 200

In case of change of payment mode or swapping your Post Dated Cheques, additional charges are applicable. Also, depending upon the lender bank, prepayment options may or may not be available and the applicable charges may vary accordingly.

TIN

Tax Information Network (TIN) is an initiative by Income Tax Department of India (ITD) for the modernization of the current system for collection, processing, monitoring and accounting of direct taxes using information technology. TIN is a repository of nationwide Tax related information, and has been established by NSDL e-Governance Infrastructure Limited on behalf of ITD.

TIN System

TIN has two key sub-systems:

• Electronic Return Acceptance and Consolidation System (ERACS) which consists of an infrastructure for interface with the taxpayers (a nation wide network of TIN-Facilitation Centres i.e. TIN-FC) and a web-based utility for upload of electronic returns of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS) and Annual Information Return (AIR) to the central system of TIN.
• Online Tax Accounting System (OLTAS) for daily upload to the central system, the details of tax deposited in various tax collecting branches across the country.

Services through TIN-FC

Through its network of TIN-Facilitation centres all over the country, TIN offers the following services:

• Acceptance of electronic and physical TDS/TCS Returns.
• Processing of new PAN and PAN change request applications.
• Processing of new TAN and TAN change request applications.
• Acceptance of AIR
• Acceptance of Form 24G statement.

Online Services

TIN provides the following Online Services through this website:

Quaterly Statement Status

• Facility for deductors to verify status of e-TDS/TCS statements submitted to TIN-FC by providing TAN and respective Provisional Receipt Number (PRN).

e-tax Payment

• Facility to pay tax online, wherein the taxpayer can fill up and submit the challan through Internet. The tax payer has to necessarily have a bank account with Net-banking/Debit card of the selected Bank.

OLTAS Challan Status Enquiry

• Facility for tax payers to enquire online about the status of challans deposited in banks.

PAN

• Facility to apply for PAN online
• Reprint of PAN card with existing/revised details
• Status enquiry

TAN

• Facility to apply for TAN online
• Reprint of TAN allotment letter with existing/revised details
• Status enquiry

e-RI

• Facility to register as an e-Return Intermediary (e-RI). (An e-RI is an entity authorised by ITD to electronically file income tax returns on behalf of tax payers.)
• Status enquiry

Online PAN Verification

• Facility to verify PANs online to authorized entities (Entities who are approved by ITD can verify PANs online).
• Status enquiry

Form 24G

• Receive Form 24G statements from Account Offices (AO/PAO/DTO) and upload them to the TIN central system

Search

• TIN Facilitation Centers cum     PAN centers

Online Banking Service Agreement

Online Banking Service Agreement

Banking, credit card, automobile loans, mortgage and home equity products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Investment and insurance products:

Are not FDIC insured	Are not Bank Guaranteed	May Lose Value
Are not Deposits	Are Not Insured by Any Federal Government Agency	Are Not a Condition to Any Banking Service or Activity

Merrill Lynch Wealth Management makes available products and services offered by MLPF&S and other subsidiaries of Bank of America Corporation. Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing.

MLPF&S is a registered broker-dealer, member SIPC and a wholly owned subsidiary of Bank of America Corporation

Insurance Products are offered through Merrill Lynch Life Agency Inc.(MLLA), Bank of America, N.A. and/or Bank of America Insurance Services, Inc., all of which are licensed insurance agencies and wholly-owned subsidiaries of Bank of America Corporation.