Banks - Public Sector News

SBI to invest in high quality stocks only: Chaudhuri  

23 May 2013, 9.17 pm  |  Source: PTI

Country's largest lender State Bank of India (SBI) will invest in high quality stocks only which have good trading volumes and less volatility, Chairm...

State Bank of India Q4 net falls 19%; provisions drag  

23 May 2013, 1.15 pm  |  Source: Moneycontrol.com

State Bank of India's fourth quarter net profit fell 19% to Rs 3,300 crore on higher provisions and marginal other income growth. SBI shares tanked 6 ...

PSBs expected to raise Rs 9.60 lakh cr in 10yrs: Report  

20 May 2013, 8.56 pm  |  Source: PTI

Public sector banks (PSB) are estimated to raise Rs 9.60 lakh crore in 10 years period ending March 2021 assuming loan growth of 20 percent, said a re...

SBI suggests RBI as single regulator for all home loans  

18 May 2013, 4.52 pm  |  Source: PTI

The State Bank of India is of the view that Reserve Bank of India should be the regulator for all home loans sanctioned by banks and housing finance c...

Overseas business margins under pressure: SBI  

18 May 2013, 4.14 pm  |  Source: PTI

State Bank of India on Saturday said it would review returns from its foreign and domestic business after margins overseas came under pressure. ...

United Bank of India plans to raise Rs 1,000 cr via QIP  

15 May 2013, 11.45 am  |  Source: PTI

UBI Chairman and Managing Director Archana Bhargava said they would seek government's permission for a rights issue but would go ahead with QIP....

Slippages will be less in Q1, FY14: United Bank CMD   

14 May 2013, 5.11 pm  |  Source: Moneycontrol.com

United Bank of India put up a poor show in its Q4 earnings. Thanks to the rise in bad loans. However, the bank CMD Archana Bhargava is confident of br...

United Bank Q4 net plunges 79% on higher provisions  

14 May 2013, 2.35 pm  |  Source: Moneycontrol.com

United Bank of India's (UBI) fourth quarter (January - March) net profit plunged 79 percent year-on-year to Rs 31 crore, squeezed by higher provisions...

Bank of India Q4 net shrinks 20% on higher provisions  

13 May 2013, 3.18 pm  |  Source: Moneycontrol.com

State owned Bank of India's fourth quarter (Jan - March) net profit shrank more than 20 percent year-on-year to Rs 757 crore, squeezed by higher provi...

RBI doing its bit to ease interest rates, what about banks?  

13 May 2013, 12.04 pm  |  Source: Moneycontrol.com

Despite the easing of interest rates by Reserve Bank of India, the weighted average lending rates of banks have declined by less than 0.5 percent, acc...

Bank of Baroda Q4 net tanks 32% on higher provisions  

13 May 2013, 11.57 am  |  Source: Moneycontrol.com

State-owned Bank of Baroda's Q4 (January - March) net profit tanked more than 32 percent year-on-year to Rs 1,029 crore, dented by higher provisions t...

Allahabad Bank to cut NPAs to 3.2%; aims to recover Rs 3Kcr  

12 May 2013, 6.19 pm  |  Source: PTI

Allahabad Bank is looking to cut its gross non-performing assets (NPAs) level to around 3.2 per cent from the last fiscal's level of 3.92 percent aide...

Dena Bank Q4 net falls 51% on higher provisions  

11 May 2013, 3.52 pm  |  Source: Moneycontrol.com

State-owned Dena Bank's Q4 net profit dropped 51 percent year-on-year to Rs 126 crore, dented by higher provisions that shot up 17 percent y-o-y to Rs...

Are Indian banks anti-competitive and oligopolistic?   

11 May 2013, 3.49 pm  |  Source: CNBC-TV18

Latha Venkatesh tries to get answer to a fundamental question of why Indian banks are not as competitive as their counterpart mobile companies and whe...

IDBI Bank cuts short term retail deposit rates by 15-50 bps  

10 May 2013, 8.09 pm  |  Source: Moneycontrol.com

IDBI Bank reduced short term retail deposit rates by 15-50 basis points in select maturities for an amount less than Rs one crore. ...

IDBI Bank slashes retail deposit rates by 0.5%  

10 May 2013, 4.03 pm  |  Source: PTI

In the first such move since RBI cut its key rates last week, state-run IDBI Bank today cut its fixed deposit rate offering in two maturities by up to...

Central Bank Q4 net turns profitable at Rs 169 cr   

10 May 2013, 3.00 pm  |  Source: Moneycontrol.com

Central Bank of India shares on Friday rose more than 4 percent to close the day's trading at Rs 72 on NSE. Lower provisions, robust net interest inco...

SBI gains on hopes for improving asset quality  

09 May 2013, 8.46 pm  |  Source: Reuters

PNB shares ended up 4.6 percent, while Union Bank shares rise 1.4 percent. ...

Restructuring pipeline to be Rs 2,200cr by June: Union Bank   

09 May 2013, 8.09 pm  |  Source: CNBC-TV18

Union Bank today announced its fourth quarter earnings. It posted a 40 percent growth in net profit at Rs 71.98 crore against Rs 51.40 crore in the co...

No cut in lending rates; see net NPA below 2%: Indian Bank   

09 May 2013, 8.08 pm  |  Source: CNBC-TV18

TM Bhasin, chairman and MD, Indian Bank says, in an interview to CNBC-TV18, that there will be no cut in lending rates and going ahead, net NPA is exp...

Market pressures may drag NIM to 3.3%: Punjab National Bank   

09 May 2013, 2.42 pm  |  Source: CNBC-TV18

Punjab National Bank expects its net interest margins to contracts by nearly 10 bps on to 3.35 percent going forward as demand for interest cut from t...

Union Bank Q4 net up just 2% but beats estimates widely  

09 May 2013, 1.11 pm  |  Source: Moneycontrol.com

Union Bank of India reported muted growth of just 2 percent year-on-year in its fourth quarter net profit to Rs 789 crore on higher provisions. Howev...

UCO Bank on recovery path; gross NPA up only by Rs 419 cr   

09 May 2013, 1.00 pm  |  Source: CNBC-TV18

Despite UCO Bank disappointing the street on Tuesday with its fourth quarter result, S Chandrasekharan, ED of the Bank sees strong recoveries in this ...

Punjab National Bank Q4 net falls 21% on higher provisions  

09 May 2013, 12.49 pm  |  Source: Moneycontrol.com

State-owned Punjab National Bank's fourth quarter (January - March) net profit declined nearly 21 percent to Rs 1,131 crore on higher provisions that ...

Tax writeback drives Indian Bank's Q4 profit to Rs 292 cr  

09 May 2013, 12.38 pm  |  Source: Moneycontrol.com

Public sector lender Indian Bank's fourth quarter (January-March) net profit stood at Rs 292 crore, down slightly higher-than-expected 15.5 percent ye...

Corporation Bank Q4 net flat at Rs 355cr as provisions rise  

08 May 2013, 6.56 pm  |  Source: PTI

Corporation Bank today reported a marginal 1.2 per cent rise in net profit at Rs 355.5 crore in the fourth quarter ended March 31 as higher provisions...

Corporation Bank Q4 net profit rises to Rs 356 cr  

08 May 2013, 2.01 pm  |  Source: Moneycontrol.com

Public sector lender Corporation Bank's fourth quarter (January-March) net profit rose slightly to Rs 356 crore from Rs 351.3 crore in corresponding q...

Cobrapost expose: Banks suspend employees under FinMin heat  

07 May 2013, 10.39 pm  |  Source: Moneycontrol.com

In the aftermath of Cobrapost 2, state-owned lenders including PNB, BoB and IDBI Bank on Tuesday suspended cumulatively five officials allegedly invol...

Allahabad Bank labels Orchid A/c as NPA, eyes recovery soon   

07 May 2013, 5.20 pm  |  Source: CNBC-TV18

State-owned Allahabad Bank on Tuesday (May 7 2013) announced its fourth quarter earnings. It posted a 68.5 percent decline in net profit at Rs 126.15 ...

UCO Bank Q4 net drops 80% to Rs 49.5cr on higher provisions  

07 May 2013, 4.55 pm  |  Source: Moneycontrol.com

Public sector lender UCO Bank disappointed the street Tuesday with fourth quarter (January-March) net profit falling 80.4 percent year-on-year to Rs 4...