Corporation Bank News
SBI complains to CBI after Rs 411 cr loan defaulters flee country; account had become NPA in 2016
Besides SBI, other members of consortium are Canara Bank, Union Bank of India, IDBI, Central Bank of India and Corporation Bank, they said.
Union Bank becomes 5th largest PSB post-merger with Andhra Bank, Corporation Bank
Union Bank on Wednesday said it has become the country's fifth-largest public sector lender after amalgamating Andhra Bank and Corporation Bank into itself
Mega PSU bank merger marks new dawn for Indian banking space: Finance ministry
The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday
Merger of 10 PSU banks comes into effect from today; 10 things you need to know about implications of govt's move
10 PSU banks are being amalgamated with a larger bank, referred to as the anchor bank
Mega-merger of PSU banks on schedule: 6 banks cease to exist from today; experts say exercise will not be smooth, seamless
Experts said bank merger at this point of time will not be very smooth and seamless. However, heads of the anchor banks are exuding confidence.
10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
The Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020
Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
According to a senior banker, information technology integration of Vijaya Bank and Dena Bank with Bank of Baroda is still in process even after 10 months of merger.
Corporation Bank Q3 net profit jumps to Rs 421 cr on higher interest income; bad loan provisions surge
Public sector lender Corporation Bank on Friday said its consolidated net profit increased seven fold to Rs 420.83 crore in third quarter ended 31 December, 2019 on higher interest income, albeit provisions for bad loans surged
PSU bank consolidation: PNB, Union Bank get in-principle nod from govt for proposed merger
Punjab National Bank and Union Bank of India on Monday said they have received in-principal approval from the government for their amalgamation with other public sector banks
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
Canara, Corporation Bank, others introduce repo linked loan products to meet 1 October deadline
In 2019, the RBI reduced the repo or short-term lending rate by 110 basis points (bps), but the banks have reportedly passed on only up to 40 bps to borrowers
Boards of Corporation Bank, Allahabad Bank give in-principal approval for respective merger plans
Corporation Bank on Monday said the board has given its in-principle approval for the merger with Union Bank of India
Union Bank board okays merger of Andhra, Corporation Bank with itself; clears Rs 17,200-cr capital infusion
Union Bank of India on Monday said its board of directors has approved the merger of Andhra Bank and Corporation Bank with itself and given nod for a capital infusion of Rs 17,200 crore in the current financial year
Union Bank of India board meet on 9 September to approve amalgamation of Andhra Bank, Corporation Bank with itself
State-owned Union Bank of India on Wednesday said its board will meet on 9 September to approve amalgamation of Andhra Bank and Corporation Bank with itself
PSU banks merger woes: Bank officers associations to meet in Delhi on 5 September
Opposing the merger of banks, officers associations of various banks will meet in the national capital on 5 September to chalk out the future course of action, a top official of All India Andhra Bank Officers Association said here on Tuesday
Public sector bank stocks plunge up to 9.3% post-merger announcement; Andhra Bank, Syndicate Bank among gainers
Oriental Bank of Commerce cracked 7.34% to Rs 68.10, Union Bank of India 6.79% to its 52-week low of Rs 54.90, Allahabad Bank declined by 2.83% to Rs 34.30 and United Bank 0.28% to Rs 10.39 on the BSE.
PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September
Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB
Government announces plan to merge 10 PSBs to 4 to gain size: Eight questions on big bank merger exercise
Isn’t the consolidation plan going against the policy of Reserve Bank of India and government’s own idea to give more bank licenses to increase competition
Jaiprakash Power Ventures clocks Q1 net loss at Rs 95.52 cr, total income down 4.08% to Rs 1,084 cr
Jaiprakash Power's total income during the quarter under review was down 4.08 percent to Rs 1,084.64 crore as against Rs 1,130.79 crore in the corresponding quarter of the previous fiscal.
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