Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
The complete harmonisation among the three entities would take another 12 to 14 months after the merger
Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB
The lender is looking at raising Rs 6,000 crore, which includes Rs 4,500 crore from tier 1 bonds and Rs 1,500 crore from employees stock purchase scheme in the near-term
CVC tells ministries to take action against corrupt bureaucrats before they retire; 25 officials from SBI, Canara Bank, PNB, other banks under scanner
The anti-corruption watchdog Central Vigilance Commission (CVC) has asked the government departments to take timely action against tainted bureaucrats and not wait till their retirement
Banks colluded with Amrapali developers in misappropriation of loans for housing projects: Supreme Court
More than 40,000 homebuyers are suing Amrapali in a long-running legal battle over delays to projects
Quarterly earnings to drive markets this week; indices may see volatility due to Fed policy meeting, monsoon, say analysts
Quarterly earnings from frontline companies such as HUL, Maruti Suzuki and Kotak Mahindra Bank would set the trend for equity markets
Bank of Baroda to foray into e-commerce business, plans to offer banking services, farm-related products
Bank of Baroda said it is keen to strategise and enhance online digital capabilities with a focus on creating a marketplace to fulfil services relating to different segments of customers' daily needs and lifestyle needs.
Five weak banks under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI) too need capital to maintain minimum regulatory capital ratios as per the Basel III norms.
The Reserve Bank on Friday had replaced a tough norm on NPA categorisation by lenders, as it was quashed by the Supreme Court in April
Bank of Baroda had posted a net loss of Rs 3,102.34 crore in the similar January-March period of fiscal 2017-18
Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out
The company has filed a bankruptcy application with NCLT Mumbai, which has put a moratorium on any action by creditors against Antrix Diamond Exports till corporate insolvency resolution or approval of resolution plan by the bench.
Amrapali Group committed first degree crime by cheating home buyers, will be booked and prosecuted, says Supreme Court
Amrapali Group "cheated everybody including home buyers, banks and authorities and indulged in cartelization to prevent the Debt Recovery Tribunal from auctioning its unencumbered properties", SC said.
State-owned Bank of Baroda (BoB) is likely to complete the process of merger of Dena Bank and Vijaya Bank with it in two years, said a senior official of BoB
Despite weaker Dena Bank, Bank of Baroda has minimal impact on NPAs post-merger, says CEO PS Jayakumar
The amalgamation of Dena and Vijaya with BoB is the second merger during the past five years
Bank of Baroda, the second largest public sector lender after State Bank of India (SBI), now has over 9,500 branches, 13,400 ATMs, and 85,000 employees to serve 12 crore customers.
The consolidated bank, which went into effect from Monday, will be the second largest public sector bank in the country having a wider geographical reach with 9,500 plus branches
BoB, Dena and Vijaya Bank merger: India’s third-largest lender is here, but does this exercise make real sense?
This is a merger of two healthy banks with one weak, capital-starved, NPA-ridden candidate and it is easy to see who stands to gain the most
State-run Bank of Baroda is catapulting itself for a larger play in the system with the merger of Dena Bank and Vijaya Bank with itself from Monday.
BoB-Dena-Vijaya Bank merger: Amalgamation to create second largest PSB; here is how things will change for customers
The government in September last year had announced the merger of Vijaya Bank and Dena Bank with BoB, aiming to create the third-largest lender after SBI and ICICI Bank.
Supreme Court refuses to stay merger of Vijaya, Dena Bank with Bank of Baroda, dismisses applications by bank officers' associations
The proposed amalgamation will make Bank of Baroda the second largest public sector bank after State Bank of India