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Latest News on Andhra Bank
Showing of 0 - 10 from 52 results
Andhra Bank - Total results - 52
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.
Jul 17, 2018
Bank Recapitalisation: Finance ministry approves infusion of Rs 11,336 crore in five public sector banksPunjab National Bank (PNB), hit by Nirav Modi scam, will get the highest amount of Rs 2,816 crore, while Allahabad Bank to get Rs 1,790 cr, Andhra Bank Rs 2,019 cr, Indian Overseas Bank Rs 2,157 cr and Corporation Bank - Rs 2,555 cr
Jun 28, 2018
SBI to shut down 9 more foreign branches as part of rationalisation; capital a 'constraint' for most banks: Pravin GuptaSBI has operations in 36 countries with 190 branches,
Jun 01, 2018
Sterling Biotech Rs 5,000 cr bank fraud case: Enforcement Directorate attaches assets worth Rs 4,700 crSterling Biotech had taken loans of over Rs 5,000 crore from a consortium of banks led by Andhra Bank which had turned into non-performing assets.
May 28, 2018
Bank fraud: 21 PSBs incurred losses of Rs 25,775 cr in FY 2017-18, with PNB highest at Rs 6,461 cr, says RTI responseThe Reserve Bank of India (RBI) has clarified in the RTI that only those cases of fraud, involving a sum of over Rs 1 lakh, were included in the list.
May 14, 2018
Bad loans mess: Finance Ministry mulling innovative ways to deal with banks' NPA provisionsGross NPAs of scheduled commercial banks as on 31 December, 2017 due to loans to industry were at Rs 6,09,222 crore, accounting for 20.41 percent of the gross advances.