Latest news with #BankofIndia
Mint
12 hours ago
- Business
- Mint
Best Mutual Funds: These flexi caps gave more than 20 percent annualised return in past 5 years
What do you do when you plan to invest in a mutual fund scheme and not sure which one is worth investing into? More often than not, investors examine the past returns of a scheme and compare the same with those of others in the same category e.g. one large cap fund with other large cap funds, and one hybrid with other hybrid schemes. Typically, past returns do not guarantee future returns, but they certainly give an indication of how the scheme has been performing in the recent past and what trajectory of returns it could take in future. Here, we list out the top performing flexi cap mutual funds which have delivered more than 20 percent annualised return in the past five years. This means if someone had invested ₹ one lakh five years ago, the investment would have swelled to ₹ 2.48 lakh by now. Flexi cap mutual funds refer to schemes which have invested a minimum of 65 percent in equity and equity-related instruments. These schemes are flexible to invest in schemes across market capitalisation i.e., large cap, small cap and mid cap. There are 40 flexi cap mutual fund schemes with total AUM (assets under management) of ₹ 4.94 lakh crore, shows the latest AMFI data as on June 30, 2025. Flexi Cap mutual funds Aditya Birla Sun Life Flexi Cap 21.33 Bank of India Flexi Cap 27.16 DSP Flexi Cap 21.05 Edelweiss Flexi Cap 22.68 Franklin India Flexi Cap 25.21 HDFC Flexi Cap Fund 28.50 HSBC Flexi Cap Fund 22.54 JM Flexi Cap 25.50 Parag Parikh Flexi Cap 23.96 Quant Flexi Cap 30.56 Union Flexi Cap 21 (Source: AMFI; returns as on July 21, 2025) As one can see from the table above, HDFC flexi Cap fund gave 28.50 percent annualised return in the past five years, Franklin India Flexi Cap Fund has delivered 25.21 percent return and Bank of India Flexi Cap Fund delivered 27.16 percent return. Meanwhile, it is important to mention here that the historical returns do not guarantee future returns. In other words, just because a scheme has delivered good returns in the past, it does not mean that it will surely deliver good returns in the future as well. For all personal finance updates, visit here
Business Upturn
2 days ago
- Business
- Business Upturn
Bank of India to announce Q1 FY26 results on July 29
Bank of India has informed the stock exchanges that its board of directors will meet on Tuesday, July 29, 2025, to consider and approve the unaudited (reviewed) standalone and consolidated financial results for the first quarter ended June 30, 2025 (Q1 FY26). In its exchange filing dated July 21, the bank said the board meeting is being held pursuant to Regulation 29(1) and 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank also stated that the trading window, which was closed from July 1, 2025, in compliance with SEBI's Prohibition of Insider Trading Regulations and the bank's internal code of conduct, will reopen 48 hours after the announcement of the Q1 results. Bank of India confirmed that this intimation has also been made available on its website ( and on the websites of the BSE and NSE. Disclaimer: The above information is based solely on the exchange filing shared by Bank of India and is intended for informational purposes only. Please consult official sources or your financial advisor before making any investment decisions. Neither the author nor the publisher assumes any responsibility for actions taken based on this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
News18
4 days ago
- Business
- News18
Are Banks Open Or Closed On Saturday, July 19? Check Bank Holiday List For This Month
Banks remain open as usual on Saturday, July 19, across the country, except Tripura. Bank Holiday Today: As bank branches remain closed on a number of bank holidays approved by the RBI, it is necessary to check the holiday list before visiting bank branches. Today, Saturday, July 19, bank branches will remain open throughout the country, except Tripura. As per the standard banking schedule, all banks — both public and private — across India also remain closed on the second and fourth Saturdays of every month. Apart from this, they are also closed on all Sundays and RBI-notified holiday. Are Banks Open or Closed Today, July 19? Banks remain open as usual on Saturday, July 19, across the country, except Tripura. Bank branches in Agartala, Tripura, remain closed on July 19 on account of 'Ker Puja', an annual festival held in the state. Timings of Banks? Most major banks in India, including SBI, Bank of India, and Punjab National Bank, operate between 10 A.M. and 4 P.M., while ICICI, HDFC, Axis, Yes Bank, and Kotak Mahindra Bank usually function from 9:30 A.M. to 4:30 P.M. or 3:30 P.M., depending on the branch. Bank of Baroda has slightly extended hours, operating between 9:45 A.M. and 4:45 P.M. or 10 A.M. to 5 P.M., and Canara Bank typically works from 10 A.M. to 3:30 P.M. The first holiday fell on July 3 (Thursday) for Kharchi Puja, observed in Agartala. This is followed by a holiday on July 5 (Saturday) for Guru Hargobind Ji's Birthday, observed in Jammu and Srinagar. On July 14 (Monday), banks in Shillong will be shut for Beh Deinkhlam, a prominent local festival. A few days later, on July 16 (Wednesday), banks in Dehradun will observe a holiday on account of Harela, a festival marking the onset of the monsoon. Again, Shillong will see bank closures on July 17 (Thursday) to observe the Death Anniversary of U Tirot Singh, a local hero and freedom fighter. Next, banks in Agartala will remain closed on July 19 (Saturday) for Ker Puja, and Gangtok will see a holiday on July 28 (Monday) for Drukpa Tshe-zi, a traditional Buddhist observance. Besides these, all scheduled and non-scheduled banks in India will observe routine closures on the second and fourth Saturdays of the month, i.e., July 12 and July 26, along with all Sundays—July 6, 13, 20, and 27. While bank branches will be closed on these dates, customers can continue using digital banking services, ATMs, and mobile apps as usual. However, services like cheque clearance, RTGS, and NEFT may be delayed due to branch closures. Those needing in-person services are advised to plan ahead and complete transactions before the respective state holidays. State-Wise Bank Holiday List – July 2025 Tripura: July 3 (Thursday) – Kharchi Puja July 19 (Saturday) – Ker Puja Jammu & Kashmir: July 5 (Saturday) – Guru Hargobind Ji's Birthday July 14 (Monday) – Beh Deinkhlam July 17 (Thursday) – Death Anniversary of U Tirot Singh Uttarakhand: July 16 (Wednesday) – Harela Sikkim: Nationwide Bank Closures July 12 (Second Saturday) July 26 (Fourth Saturday) All Sundays – July 6, 13, 20, 27. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : Bank holiday view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
6 days ago
- Business
- Business Upturn
MTNL funds escrow account for bond interest payment due July 20
By Aditya Bhagchandani Published on July 17, 2025, 15:03 IST Mahanagar Telephone Nigam Limited (MTNL) on Thursday informed the exchanges that it has deposited funds in the designated escrow account to ensure timely payment of interest on its bonds due later this week. The payment pertains to the 4th semi-annual interest on MTNL's 7.59% Secured Redeemable Non-Convertible Bonds (Series VIII A, ISIN: INE153A08154), which is scheduled to be paid to bondholders on July 20, 2025. According to the filing, the company deposited the required amount in the escrow account maintained with Bank of India, New Delhi Main Branch, on July 17, 2025, well in advance of the due date. MTNL stated that this step ensures compliance with the payment obligations and upholds its commitment to bondholders. The disclosure was made under Regulation 30 of SEBI (LODR) Regulations, 2015. This proactive move comes as MTNL continues to meet its debt servicing obligations despite challenges in its core telecom business, underscoring the company's focus on maintaining investor confidence. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Investments in bonds and securities are subject to market risks. Please conduct your own research or consult a qualified financial advisor before making any investment decisions. The author or publisher is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
14-07-2025
- Business
- Time of India
Banks can flag fraud despite IBC shield: NCLT
Mumbai: The National Company Law Tribunal has held that a moratorium under the Insolvency & Bankruptcy Code (IBC) doesn't prevent a bank from identifying and classifying a fraudulent account , calling such an action purely the bank's administrative decision. The tribunal's observation is likely to have wider implications in many similar cases where the lenders are seeking to declare the corporate debtor's account 'fraudulent' while the company is still undergoing the Corporate Insolvency Resolution Process (CIRP). Dismissing an application filed by the resolution professional (RP) of Rolta India , the NCLT's Mumbai bench observed that CIRP and fraud identification are separate processes with different objectives. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Desert Order Undo "The role of this tribunal is to ensure the integrity of the CIRP and address any fraudulent activities within that context, not to directly overturn a bank's independent classification of an account, as banks have the discretion to classify accounts as fraud based on their internal policies and regulatory guidelines," the tribunal said in its order of July 8. Live Events The ruling came on an application filed by Rolta India's RP, which had sought to set aside Bank of India 's move to classify the company's account as fraud. In March, Bank of India had classified a ₹616 crore non-performing asset (NPA) related to Rolta India as fraud. Jyoti A Singh, founder of law firm AJA Legal, said the purpose of the moratorium under IBC is to prohibit all actions, including the proceedings, which would in any manner affect the insolvency resolution of the company. "Classification of a corporate debtor as a fraud account would in no way affect the CIRP," said Singh. "In fact, having provisions like Section 66(2), which mandates the RP to make an application during CIRP for instances of fraudulent trading or wrongful trading, supports the view of the tribunal." The company has admitted liabilities of over ₹14,074 crore. Kamal Singh-promoted Rolta is a defence-focused software company that was admitted to the bankruptcy process in January 2023. Himanshu Vidhani, partner at law firm Chandhiok and Mahajan, said the order distinguishes administrative decisions of banking institutions from measures that would affect the assets of the corporate debtor. "The tribunal has also acknowledged the dual regulatory space-corporate insolvency under the IBC and fraud classification under the Reserve Bank of India's 2016 Master Directions on Frauds," said Vidhani. On a different note, Pallavi Pratap, managing partner at New Delhi-based law firm Pratap & Co, said (with this order), clearly, the litigation strategy for many stakeholders has to be changed now. "Tribunals will refuse to interfere in the bank's administrative decisions anymore," said Pratap. "This will expose the corporate debtor and promoters to the risk of criminal investigation during CIRP. This will also create a higher risk for the resolution applicant as they will have to inherit criminal investigation and subsequent litigation and costs."
