State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR)
Bank of Maharashtra gets govt mandate to collect donations for PM CARES Fund; contributions to get I-T Act exemption
One can also remit contributions directly by electronic clearing system (ECS) to the designated savings bank account of Bank of Maharashtra.
PNB, IOB cut lending rates by 75 bps effective today; PSBs to pass on repo rate cut benefit to their customers
State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced a reduction in their lending rates linked to the repo rate by 75 basis points, effective 1 April
Public sector banks with about 80 percent of banking operation have taken steps to ensure the safety of its staff and uninterrupted banking services to customers.
State-owned Indian Overseas Bank (IOB) has reported widening of its net loss to Rs 6,075.49 crore during the third quarter ended December 2019, owing to higher provisioning for bad loan
DHFL set to restart lending operations soon, company gets creditors' panel nod to lend Rs 500 cr per month
The RBI-appointed administrator of beleaguered DHFL admitted close to Rs 4,800 crore of claims submitted by fixed deposit holders of the company.
Indian Overseas Bank has reported widening of net loss to Rs 2,253.64 crore for the quarter ended September 30, 2019.
Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year
Allahabad Bank had not featured in the list of banks that were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.
Shares of Indian Overseas Bank on Tuesday plummeted over 14 percent after the company reported widening of its net loss for the second quarter ended 30 September
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
Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report
As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.
The Lakshmi Vilas Bank on Saturday received shareholders' approval to raise up to Rs 1,000 crore by issuance of securities
The RP of Jet Airways had moved NCLT on 20 September seeking directions to the lenders, who own 51 percent in the airline since March, to release interim funds.
Financial Intelligence Unit slaps over Rs 15 cr fine on Punjab National Bank for violating money laundering rules
The FIU move against Punjab National Bank is significant because it is based on inspection and review of the Bank during April 2016-November 2017, which covers the crucial months before and after demonetisation that was announced on 8 November 2016
Indian Overseas Bank narrows net loss to Rs 342 cr in June quarter on lower provisioning for bad loans
State-owned Indian Overseas Bank (IOB) on Tuesday reported narrowing of its net losses to Rs 342.08 crore in the first quarter ended 30 June
Narendra Modi 2.0: Why landslide mandate, right conditions make it perfect time for govt to kick-start weak PSBs’ sell-off
To give a perspective, of the 18 PSBs now, at least eight have gross NPAs above 15 percent of their total advances. This means Rs 15 out of every Rs 100 they have lent have gone bad.
Total income during the quarter was down at Rs 5,473.92 crore from Rs 5,814.42 crore in the year-ago period, the bank said in a regulatory filing
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.
Public sector Indian Overseas Bank on Monday plans to raise about Rs 850 crore during the current financial year through the sale of non-core assets, to augment capital
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