Public Sector-bank

Showing of 1 - 20 from 27 results
Public Sector-bank - Total results - 27
Union Bank becomes 5th largest PSB post-merger with Andhra Bank, Corporation Bank
Business

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

Syndicate Bank's Krishnan S appointed as executive director at Canara Bank post-merger
Business

Syndicate Bank's Krishnan S appointed as executive director at Canara Bank post-merger

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.

Canara Bank board to meet next week to consider Rs 9,000-cr capital infusion
Business

Canara Bank board to meet next week to consider Rs 9,000-cr capital infusion

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

Vijaya Bank, Dena Bank merger with BoB will benefit customers and employees: Unified management
Business

Vijaya Bank, Dena Bank merger with BoB will benefit customers and employees: Unified management

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
Business

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
Business

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.

Syndicate Bank's Rs 10,253-cr agri loans turn NPAs in last five fiscals: RTI reply
Business

Syndicate Bank's Rs 10,253-cr agri loans turn NPAs in last five fiscals: RTI reply

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
Business

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's Q4 standalone net loss narrows to Rs 113 cr; NPAs stand at Rs 18,433 cr
Business

Bank of Maharashtra's Q4 standalone net loss narrows to Rs 113 cr; NPAs stand at Rs 18,433 cr

Bank of Maharashtra (BoM) on Friday reported narrowing of standalone net loss to Rs 113.51 crore for the quarter ended 31 March.

PNB fraud highlights inherent weaknesses in transparency standards in Indian banking system: S&P
Business

PNB fraud highlights inherent weaknesses in transparency standards in Indian banking system: S&P

S&P expects Indian banks to accelerate bad loan recognition of the weak loans in the next few quarters.

Banks Board Bureau head Vinod Rai wants greater dialogue with finance ministry; seeks more mandate
Business

Banks Board Bureau head Vinod Rai wants greater dialogue with finance ministry; seeks more mandate

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
India

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

No question of closing down any public sector bank, says govt and RBI
Business

No question of closing down any public sector bank, says govt and RBI

Dismissing rumours, both the government and the Reserve Bank on Friday said there was no question of closure of any public sector bank

Maharashtra loan waiver scheme: Fearing delayed reimbursement, banks wary of using own capital
India

Maharashtra loan waiver scheme: Fearing delayed reimbursement, banks wary of using own capital

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
Business

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

Forget 7th Pay Commission allowance, decision on Air India sale is the real good news; here's why
Business

Forget 7th Pay Commission allowance, decision on Air India sale is the real good news; here's why

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

Finmin asks PSBs to explore acquisition of smaller banks
Business

Finmin asks PSBs to explore acquisition of smaller banks

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.

SBI Q4 net profit more than doubles to Rs 2,815 cr, gross NPAs at 6.9%
Business

SBI Q4 net profit more than doubles to Rs 2,815 cr, gross NPAs at 6.9%

Net NPA declined to 3.71 percent as against 3.81 percent a year ago

Bank of India posts Rs 101.72 cr profit for Q3 vs loss last year on lower provisions
Business

Bank of India posts Rs 101.72 cr profit for Q3 vs loss last year on lower provisions

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

IoB bad loans at 20%: A wake up call for PM Modi to rethink aversion on privatisation
Business

IoB bad loans at 20%: A wake up call for PM Modi to rethink aversion on privatisation

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