Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.
Central Bank of India stock on Wednesday surged about 16 percent after the company's board approved to allot shares on a preferential basis to the government to raise up to Rs 3,353 crore
Half dozen public sector banks cut lending rates by up to 25 bps; home, auto loans to become cheaper
About half a dozen public sector banks, including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points following a cut in the key policy repo rate by the RBI last month
The Lakshmi Vilas Bank on Saturday received shareholders' approval to raise up to Rs 1,000 crore by issuance of securities
Edelweiss Group, Central Bank of India partner to co-lend to MSMEs, to facilitate speedy disbursal of credit
The partnership comes after the Reserve Bank of India (RBI) announced progressive Co-Origination Policy in September 2018
Central Bank to raise upto Rs 3,000 cr capital from markets; to come out with repo-linked retail products in September
The Central Bank has also made a funding request to the government from the Rs 70,000-crore it has budgeted
Central Bank of India reports Q1 profit at Rs 118 crore on falling provisions for bad loans, net NPAs stand at Rs 11,440 crore
In April-June 2018-19, the public sector lender reported a loss of Rs 1,522.24 crore
CBI cracks down on loan defaulters in over 61 locations, files 17 FIRs involving funds of Rs 1,139 crore
The figure, which stood at around Rs 640 crore, swelled to Rs 1,139 crore as the agency continued filing of FIRs
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.
PNB, Bank of Baroda, Union Bank, two other PSU lenders get capital infusion of Rs 21,428 crore from govt
The capital infusion will be by way of preferential allotment of equity shares of the bank during 2018-19, as government's investment, Bank of Baroda said
Alok Industries and Bombay Rayon Fashions are the two other stressed assets that lender wants to get rid off.
The 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
RBI lifts lending curbs on Bank of India, Bank of Maharashtra, Oriental Bank of Commerce; move to expand loan growth
Eight public sector banks—Allahabad Bank, United Bank of India, Corporation Bank, IDBI Bank, UCO Bank, Central Bank of India, Indian Overseas Bank and Dena Bank—still remain under PCA framework,
Unlike the last meet, which lasted for 10 hours, Friday's meeting is likely to get over by afternoon.
Central Bank had posted a net loss of Rs 750.41 crore in the year-ago period
Cash-strapped IL&FS wins shareholder approval for restructuring plan; Alvarez & Marshal to chalk out revival strategy
IL&FS group has lined up a plan to divest as many as 24 projects to raise around Rs 30,000 crore and pare its mount of debt, which as of the June quarter stood at over Rs 91,000 crore, of which over Rs 57,000 crore is from state-run banks.
In a letter to its employees, IL&FS had claimed that if funds worth Rs 16,000 crore stuck with concession authorities were released on time, it would not have landed in this mess.
Rise and fall of IL&FS: A bailout is a blunder; India's debt trapped infra financiers are walking on a minefield
Whatever the final outcome, IL&FS will never be the same institution again. In some ways, that is a pity; but markets have none.