Canara Bank to sell its stake in Russian joint venture to SBI for ₹114 crore

Canara Bank has entered into a share sale agreement in relation to sale of equity shares held by it in Moscow-based CIBL with SBI, the bank said in a regulatory filing.

Moody's affirms deposit rating of SBI, upgrades for PNB, BoB, Canara Bank

<ul><li>The outlooks on long-term ratings of all the four banks remain stable, Moody's Investors Service said in a statement.</li></ul>

SBI raises ₹9,718 crore in second tranche of infra bonds

<ul><li>This is the second fund-raising since early December when it had mopped up ₹10,000 crore via infra bonds.</li></ul>

SBI's ₹10,000-crore infrastructure bond sale likely this week: Report

The report noted that the country’s largest bank had last week said that its board had approved the issuance of infrastructure bonds in the current fiscal year. It, however, had not mentioned the maturity of the bonds or when the sale would take place.

SBI to raise up to ₹10,000 crore via infra bonds

Country's biggest lender State Bank of India (SBI) on Tuesday said it plans to raise up to ₹10,000 crore through issuance of infrastructure bonds during the current financial year.

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

<ul><li>The Reserve Bank of India (RBI) had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016. Based on data collected from banks as on March 31, 2017, HDFC Bank was also classified as a D-SIB.</li></ul>

Banks likely to remain on profitable path in New Year too with robust credit growth

Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability of the banks.

SBI to consider raising funds via infrastructure bonds worth up to ₹100 billion

<ul><li>A meeting of the executive committee of the central board of the bank is scheduled to be held on Jan. 3, the bank said in a regulatory filing.</li></ul>

From ITC to Titan, 8 blue chip stocks Motilal Oswal advises buying in 2023

Despite a roller coaster ride, Nifty gained 4% (as of 22nd December) for the year as compared to a 10-20% fall in most of the global indices. In fact, it touched a fresh lifetime high of 18,888 in November. As we step into 2023, the global factors like recessionary fears, geo-political risks and rising Covid cases in China could keep the equity markets volatile. Amid this backdrop, Motilal Oswal expects two themes to play out in CY23 - credit growth and capex and thus sectors like BFSI, capital goods, infrastructure, cement, housing, defence, railways could be in focus. It has listed 8 blue chip stocks to pick for the upcoming year. Let's take a look:

HDFC Securities recommends these 10 stocks to buy in 2023; do you own any?

Uncertainty is expected to remain the theme for the market for a significant part of 2023, but there will also be stock opportunities.

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Canara Bank to sell its stake in Russian joint venture to SBI for ₹114 crore

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