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
In March, Canara Bank had said Krishnan will be appointed as executive director with effect from 1 April 2020 till 31 October 2020, or until further orders.
Public sector lender Canara Bank on Wednesday said its board will meet next week to consider capital infusion of up to Rs 9,000 crore through issuance of preferential equity shares to the government of India
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
Bank of Baroda Q3 profit jumps four-fold to Rs 471 crore; total income increases to Rs 14,562.85 crore
Bank of Baroda had logged a net profit of Rs 111.78 crore in October-December 2017
Banking services partially hit on second day of strike; SBI, private banks operations remain unaffected
All India Bank Employees' Association and Bank Employees' Federation of India have supported the strike, which has impacted banking operation where these two unions are strong.
Noida-based engineer and RTI activist Amit Gupta had sought to know from the bank the amount of agriculture loans given to farmers till 2018 and how much of that had turned NPAs till last year.
Non-food bank credit grows at 15.6% year-on-year at Rs 97.32 lakh crore, fastest pace since demonetisation
Adjusted non-food bank credit includes non-food bank credit and total non-statutory liquidity ratio (SLR) investments of banks in commercial papers, shares and bonds/debentures.
Bank of Maharashtra (BoM) on Friday reported narrowing of standalone net loss to Rs 113.51 crore for the quarter ended 31 March.
S&P expects Indian banks to accelerate bad loan recognition of the weak loans in the next few quarters.
Vinod Rai, former CAG who now heads the Banks Board Bureau has said that most of BBB's recommendations have not received due attention from the government and it has been merely working as an appointment board since inception
PNB scam: Fraud should not halt corporate lending as it would demoralise public sector banks, says Assocham
The alleged Rs 11,300 crore fraud on state-run Punjab National Bank (PNB) committed by accused diamantaire Nirav Modi should not halt the entire system of corporate lending as demoralisation would set in among public sector bank (PSB) employees, industry body ASSOCHAM said
Dismissing rumours, both the government and the Reserve Bank on Friday said there was no question of closure of any public sector bank
Learning a lesson from the farm loan waiver scheme in 2008, wherein the banks had to wait for three years before they were given back their capital used for the debt write-off, the public sector and private lenders are treading cautiously this time.
Jaitley allays fears post demonetisation, GST: Govt hopes to spur PSBs with more funding despite high NPAs
Jaitley also exuded confidence that the nations Gross Domestic Product (GDP) is poised to increase after the immediate aftershocks of the economic reforms have subsided
Air India stake sale approval is a great news for the economy, provided the government follows up with strong actions before it enters its last year
A clear picture would emerge only after the Niti Aayog report sets the tone and tenure of the roadmap for the second round of consolidation in the banking sector.
Net NPA declined to 3.71 percent as against 3.81 percent a year ago
Bank of India had reported a net loss of Rs 1,505.58 crore in the corresponding October-December quarter of previous fiscal 2015-16
The solution is once the ongoing clean up exercise repairs the books of these banks, the government should work out a road map to privatise these entities