Latest News on Andhra Bank
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Andhra Bank - Total results - 37
Feb 20, 2019
Govt announces Rs 48,239 cr recapitalisation plan for 12 public sector banksThe finance ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks in this fiscal to help them maintain regulatory capital requirements and finance growth plans
Nov 22, 2018
'Is parallel system running in jails?': Supreme Court frowns over 'special treatment' to Chandra brothersThe apex court also flagged the issue raised in recent media reports about use of mobile phones inside jails in several states, including Bihar.
Nov 06, 2018
Andhra Bank to divest stakes fully or partially in joint venture investments of ASREC India, India International Bank, IndiaFirst Life InsuranceAndhra Bank earlier last week reported a net loss of Rs 434 crore in the second quarter of this fiscal, which widened against Rs 385.11 crore loss in year ago same period.
Sep 25, 2018
Rs 5,000 crore bank fraud: CBI approaches Nigeria seeking information on fugitive businessman Nitin SandesaraThe move came after reports that Sandesara along with his family members, also accused in the scam, have fled from the United Arab Emirates to Nigeria
Sep 20, 2018
Narendra Modi govt appoints MDs, CEOs in 10 nationalised banks; five of them from SBIMrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India (SBI), have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively,
Aug 16, 2018
Sterling Biotech director Nitin Sandesara arrested in Dubai in Rs 5,000 cr bank fraud caseIt is alleged that the company took loans of over Rs 5,000 crore from a consortium led by Andhra Bank which had turned into non-performing assets.
Aug 14, 2018
Court directs Delhi businessman to appear before ED in Rs 5,000 crore bank fraud caseBusinessman Gagan Dhawan was arrested on 1 November last year after the ED had alleged that he had facilitated the directors of Gujarat-based pharma firm Sterling Biotech Ltd (SBL) in the purchase of several properties and helped in misuse and diversion of the credit facilities of several bank totalling Rs 5,000 crore
Aug 07, 2018
Govt and RBI to discuss relaxing capital norms for banks; move will free-up some Rs 60,000 crore at PSBsFreed-up capital will also reduce pressure on the government to provide funds.
Jul 25, 2018
Government's plan to infuse Rs 11,336 cr in five public sector banks is credit positive, says Moody'sThe government will infuse Rs 2,816 crore in Punjab National Bank (PNB), Rs 1,790 crore in Allahabad Bank, Rs 2,019 crore in Andhra Bank, Rs 2,157 crore in Indian Overseas Bank and Rs 2,555 crore in Corporation Bank.
Jul 23, 2018
Punjab National Bank receives Rs 2,816 crore as part of government's capital infusion planThe government has approved capital infusion in five public sector lenders, namely PNB, Allahabad Bank, Andhra Bank, Indian Overseas Bank and Corporation Bank.