RBI has imposed penalty of Rs 2 crore each on Allahabad Bank and UCO Bank, and Rs 1 crore on Bank of India for violation of anti-money laundering norms.
26 Jul 2016, 8.16 pm | Source: PTI
State Bank today launched a payment system at its ATMs which will allow the account holders transfer money using mobile phone number as identifier.
26 Jul 2016, 8.16 pm | Source: PTI
Minister of State for Finance Santosh Kumar Gangwar in a written reply in the Rajya Sabha said: "No" to a question whether the government is proposing strategic sale of IDBI Bank.
26 Jul 2016, 2.16 pm | Source: PTI
In an interview with CNBC-TV18, N Krishnamachari, MD of SBM said that the slippages for this quarter increased to Rs 1050 crore against Rs 250 crore (YoY) as many inherently weak accounts slipped.
26 Jul 2016, 10.27 am | Source: CNBC-TV18
Indian Bank MD & CEO Mahesh Kumar Jain presented the dividend cheque amounting Rs 59.15 crore for the 2015-16 financial year to Finance Minister Jaitley, a bank statement said.
26 Jul 2016, 7.46 am | Source: PTI
Provision for bad loans zoomed to Rs 1,037.78 crore, more than 7.8 times from Rs 131.89 crore parked aside a year ago, showed the bank's balance sheet filed with BSE.
26 Jul 2016, 7.16 am | Source: PTI
The Kingfisher Airlines Limited, a holding company of Vijay Mallya, today said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restruct...
25 Jul 2016, 8.58 pm | Source: PTI
Slippages during the first quarter were Rs 3,878 crore, of which Rs 648 crore was mainly in existing accounts, said Canara Bank Managing Director & CEO Rakesh Sharma.
25 Jul 2016, 5.56 pm | Source: CNBC-TV18
At the annual general meeting of the bank held last week they approved an enabling resolution for issue of shares aggregating up to Rs 8,000 crore inclusive of premium amount through various modes including Qualified Institutional...
25 Jul 2016, 4.28 pm | Source: PTI
Public sector lender Canara Bank's first quarter earnings disappointed analysts on Monday with profit falling sharply by 52.2 percent to Rs 229 crore compared with Rs 478.84 crore in same period last year. In Q4FY16, it had posted...
25 Jul 2016, 3.49 pm | Source: Moneycontrol.com
The tie-up will help farmers avail the facilities of various products and services by SBI customer service points (CSPs) like savings account, term deposit, recurring deposit, micro credit, remittances, social security schemes, Aa...
25 Jul 2016, 2.32 pm | Source: PTI
"The capital infusion will improve their capitalisation at a time when asset quality pressure and elevated provisioning costs have negatively affected their financial performance," it said in its credit outlook titled, 'Indian Ove...
25 Jul 2016, 12.08 pm | Source: PTI
"The Reserve Bank of India has imposed a penalty of INR 50 million on Bank of Baroda... Pursuant to the internal audit of the Bank of Baroda, the Reserve Bank of India and investigative agencies in October 2015 were advised by the...
25 Jul 2016, 12.00 pm | Source: PTI
The bank is transforming through digitalisation and has sanctioned home loans in record six days, the bank's General Manager P Narasimha Rao said at a function here.
23 Jul 2016, 1.10 pm | Source: PTI
"There was an attempted cyber incidence in USD Nostro account of the bank. The money trail was promptly traced and movement of funds blocked. Resultantly, there is no loss caused to the Bank," the bank said in a regulatory filing.
23 Jul 2016, 1.08 pm | Source: PTI
The bank also launched its mobile wallet as a payment option at over 2,500 institutions through its Multiple Option Payment System (MOPS).
22 Jul 2016, 10.40 pm | Source: PTI
The central government has sanctioned the proposal of SBI to enter into negotiations with its subsidiary banks as well as Bhartiya Mahila Bank for acquiring them including their liabilities, he said in a written reply to the Lok S...
22 Jul 2016, 4.24 pm | Source: PTI
Net interest income, the difference between interest earned and interest expended, grew by 18.2 percent to Rs 782.64 crore in the quarter ended June 2016 from Rs 662.2 crore in same period last fiscal.
22 Jul 2016, 1.30 pm | Source: Moneycontrol.com
It had registered a net profit of Rs 270.62 crore in the April-June period of last fiscal, 2015-16, SBBJ said in a regulatory filing.
21 Jul 2016, 8.24 pm | Source: PTI
Finance Ministry has decided to allocate Rs 810 crore to the Bank by way of preferential allotment of equity in favour of the bank, United Bank of India said in a filing to BSE.
20 Jul 2016, 9.48 pm | Source: PTI
State Bank of India tied up with Brookfield Asset Management to launch a distressed asset management fund. Or, simply put, a stressed asset fund. So, what are stressed asset funds, and, more importantly, why do banks need them? Re...
20 Jul 2016, 9.23 pm | Source: Moneycontrol.com
Capital Raising Committee of the Board of Directors may also decide to hold an Extra-Ordinary General Meeting of shareholder on 18 August to consider and pass the necessary Special Resolution, it added.
20 Jul 2016, 9.20 pm | Source: PTI
Bank of Baroda has one of the largest distribution networks in India with a very strong customer franchise," Tata AIG General Insurance said in a release.
20 Jul 2016, 8.40 pm | Source: PTI
"SBI and Brookfield propose to form a joint venture (JV), whereby Brookfield will commit approximately Rs 7,000 crore and SBI up to 5 percent of total investments into stressed assets," the public sector lender said in its release...
20 Jul 2016, 1.05 pm | Source: Moneycontrol.com
Hailing infusion of Rs 22,915 crore capital into 13 PSU banks by the Centre as an "intelligent move", Indian Bank Managing Director and CEO Mahesh Kumar Jain said it would help the lenders to focus on credit growth.
20 Jul 2016, 9.10 am | Source: PTI
However, the long-term Issuer Default Rating (IDR) has been rated with a good credit quality of 'BBB-' with a stable outlook.
19 Jul 2016, 9.10 pm | Source: PTI
Seventy five percent of the fund infusion will be made immediately, the government said in a press release, while the remaining amount will be linked to performance.
19 Jul 2016, 1.12 pm | Source: Moneycontrol.com
Consequent to the declaration of the said dividend by the shareholders in the 10th AGM held on June 29, 2016, the dividend so declared will be paid to all the eligible shareholders of the Bank on July 22, 2016
15 Jul 2016, 9.10 pm | Source: PTI
"In respect of invitation pertaining to series III, potential investors have placed bids for Rs 1,800 crore (1.95 times) and the bank decided to exercise the green shoe option and retain the total amount of Rs 930 crore and allote...
15 Jul 2016, 12.38 pm | Source: PTI
Most of the NPAs have been recognized already and no surprises are expected in FY17 as far as stressed assets are concerned, says TN Manoharan, Chairman of Canara Bank.
15 Jul 2016, 10.10 am | Source: CNBC-TV18