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Banks - Public Sector News

  • Syndicate Bank plans to raise Rs 4,300 cr

    Syndicate Bank plans to raise Rs 4,300 cr  

    Giving details of its annual general meeting, the bank further said it has also plans to raise Basel-III complaint additional tier-I bonds up to Rs 1,000 crore and tier-II bonds up to Rs 1,600 crore.

    01 Jul 2016, 10.34 pm  |  Source: PTI

  • SBI sells 5% in NSE, says will continue to divest noncore assets

    SBI sells 5% in NSE, says will continue to divest noncore assets   

    In an interview with CNBC-TV18, Rajnish Kumar, MD, SBI, talked about the bank's decision to sell stake in NSE and what it will do with the funds raised.

    01 Jul 2016, 9.44 pm  |  Source: CNBC-TV18

  • SBI to absorb corporate branches of associates post merger

    SBI to absorb corporate branches of associates post merger  

    SBI on July 1 said the corporate branches of its five associate banks will "fold up" into the parent bank as part of network rationalisation after their merger.

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Now, shop from Flipkart with SBI EMIs

    Now, shop from Flipkart with SBI EMIs  

    State Bank of India tied up with online shopping major Flipkart to offer consumer durables purchase on EMIs to its account holders

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • SBI to offer banking services on Facebook, Twitter

    SBI to offer banking services on Facebook, Twitter  

    "Using SBI Mingle, the bank's customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience," the bank said in a press release.

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr

    SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr  

    The bank sold 22.50 lakh equity shares of National Stock Exchange (NSE), priced at Rs 4,050 per unit to Veracity Investments totalling Rs 911.25 crore, SBI said in a regulatory filing.

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Strike against merger of SBI associate banks from July 12

    Strike against merger of SBI associate banks from July 12  

    Opposing the merger decision, nearly 45,000 employees in the Associate Banks, with 6,700 branches and 9,000 ATMS, will go on strike on July 12 and 13, since the merger will hit the customers and the business badly, SSBEA General S...

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Central Bank of India to raise Rs 3,000 cr

    Central Bank of India to raise Rs 3,000 cr  

    Central Bank of India on June 30 said it will raise up to Rs 3,000 crore by various means, including follow on public offer and rights issue.

    30 Jun 2016, 6.46 pm  |  Source: PTI

  • Bank of Maharashtra plans to raise Rs 1,000 cr to propel growth

    Bank of Maharashtra plans to raise Rs 1,000 cr to propel growth  

    "The meet was held to seek shareholders consent to raise Rs 1,000 crore by way of FPO/ Rights issue/ QIPs etc to meet capital requirements as per RBI's Basel III norms to tap future growth opportunities," Bank of Maharashtra said ...

    30 Jun 2016, 2.40 pm  |  Source: PTI

  • Pay hikes to boost retail loan growth by 17-20%: SBI

    Pay hikes to boost retail loan growth by 17-20%: SBI   

    With monsoon playing well and implementation of 7th Pay Commission, growth trajectory is coming back in the economy, says VG Kannan, Managing Director of SBI.

    30 Jun 2016, 9.10 am  |  Source: CNBC-TV18

  • SBI seeks DRT certificate to recover debts from Mallya

    SBI seeks DRT certificate to recover debts from Mallya  

    Making submissions on Kingfisher Finvest India versus the bank case, Nagananda submitted the defendants - Mallya and Kingfisher Airlines Limited - have not filed any denial against allegations of fraud made against them, which mak...

    30 Jun 2016, 7.26 am  |  Source: PTI

  • United Bank to raise Rs 1,000 cr via equity issue to QIBs

    United Bank to raise Rs 1,000 cr via equity issue to QIBs  

    State-owned United Bank of India on June 29 said it plans to raise Rs 1,000 crore through issuance of equity to qualified institutional buyers (QIBs)

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • SBI to raise $1.5 billion by issuing bonds

    SBI to raise $1.5 billion by issuing bonds  

    Country's largest lender SBI said it will raise long-term capital of up to USD 1.5 billion (over Rs 10,000 crore) by issuing bonds in US dollar or other convertible currency

    29 Jun 2016, 3.12 pm  |  Source: PTI

  • Union Bank to raise Rs 3,200 cr from share sale

    Union Bank to raise Rs 3,200 cr from share sale  

    FPO or Follow-on Public Offer refers to issuance of shares to all types of public shareholders, while rights issue involves issuance to existing investors. In QIP, placement of shares happens with the qualified institutional inves...

    29 Jun 2016, 8.54 am  |  Source: PTI

  • PNB cuts fixed deposit rates by up to 0.25%

    PNB cuts fixed deposit rates by up to 0.25%  

    The bank has reduced interest rates on retail term deposits by 0.05-0.25 percent in maturity bucket of 1 year and above, PNB said in a statement.

    29 Jun 2016, 8.36 am  |  Source: PTI

  • Canara Bank to seek shareholders nod to raise Rs 2,000cr

    Canara Bank to seek shareholders nod to raise Rs 2,000cr  

    The bank seeks to raise the capital by allotting equity shares/preference shares/securities by way of follow on public issue, rights issue and/or on a private placement basis, Canara Bank said in a filing to BSE.

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • SBI to soon send detailed merger plan for govt approval

    SBI to soon send detailed merger plan for govt approval  

    With nine months to go to complete the merger process involving its associates, SBI is working on details of the amalgamation proposal, which will be submitted to the government soon for approval

    28 Jun 2016, 3.14 pm  |  Source: PTI

  • Bank of Maharashtra raises Rs 500 cr via bonds

    Bank of Maharashtra raises Rs 500 cr via bonds  

    "The Bank has raised Rs 500 crore by issue of Basel III compliant unsecured redeemable non-convertible Tier II bonds," it said in a BSE filing.

    28 Jun 2016, 2.26 pm  |  Source: PTI

  • BoB going through fundamental repositioning, says chairman

    BoB going through fundamental repositioning, says chairman  

    "These plans are intended to create a more agile and capable organisation with better controls and compliance," Ravi Venkatesan told PTI on the sidelines of its annual general meeting here over the weekend.

    26 Jun 2016, 5.14 pm  |  Source: PTI

  • BoI raises Rs 500 cr via Basel-III bonds

    BoI raises Rs 500 cr via Basel-III bonds  

    "The Bank has raised Rs 500 crore by issue of Basel-III compliant additional Tier-1 bonds (Series-Ill)", it said in a regulatory filing.

    24 Jun 2016, 2.24 pm  |  Source: PTI

  • OBC gets shareholders` nod to raise Rs 1,500 cr

    OBC gets shareholders' nod to raise Rs 1,500 cr  

    State-owned Oriental Bank of Commerce today said its shareholders have approved the bank's plan to raise Rs 1,500 crore by way of various instruments.

    23 Jun 2016, 9.28 pm  |  Source: PTI

  • Bank of India raises Rs 1,000 cr via Basel-III bonds

    Bank of India raises Rs 1,000 cr via Basel-III bonds  

    "The bank has raised Rs 1,000 crore by issue of Basel-III compliant additional Tier-I bonds," it said in a regulatory filing, adding that they have been rated AA (-) by Brickwork and A+ by Crisil and bear a coupon rate of 11.50 pe...

    23 Jun 2016, 4.10 pm  |  Source: PTI

  • SBI says no law broken in funding cluster bomb maker

    SBI says no law broken in funding cluster bomb maker  

    A report by PAX last week listed the government-owned bank as one of 158 lenders - including JP Morgan Chase, Barclays, Bank of America and Credit Suisse - that violated an international ban for investing in cluster bomb firms.

    23 Jun 2016, 8.52 am  |  Source: Reuters

  • Banks to file objections to Heineken`s impleadment plea

    Banks to file objections to Heineken's impleadment plea  

    The Consortium of Banks led by SBI today said it would be filing objections to the Dutch beer major Heineken's application before the Debt Recovery Tribunal seeking to be impleaded in the Vijay Mallya case.

    22 Jun 2016, 7.40 am  |  Source: PTI

  • Japan`s Dai-Ichi Life ups stake in India JV for Rs 540 cr

    Japan's Dai-Ichi Life ups stake in India JV for Rs 540 cr  

    "Upon change in law (hike in FDI limit in insurance), Bank of India has sold its 18 percent stake in Star Union Dai-lchi Life Insurance Company Ltd (SUD) to Dai-Ichi Life Insurance Company Limited (DILIC)", Bank of India it said i...

    21 Jun 2016, 3.18 pm  |  Source: PTI

  • Andhra Bank to raise Rs 1,000 cr from bonds

    Andhra Bank to raise Rs 1,000 cr from bonds  

    State-owned Andhra Bank said it proposes to raise Rs 1,000 crore from bonds to fund expansion

    20 Jun 2016, 9.30 pm  |  Source: PTI

  • OBC`s Rs 1,000-crore bonds issue to open June 17

    OBC's Rs 1,000-crore bonds issue to open June 17  

    Earlier this week, OBC had informed about raising capital on private placement basis by issuing Basel-III compliant tier-II bonds up to Rs 500 crore with an option to retain over-subscription of up to Rs 500 crore.

    16 Jun 2016, 9.08 pm  |  Source: PTI

  • SBI launches Rs 200 cr fund to invest in fintech startups

    SBI launches Rs 200 cr fund to invest in fintech startups  

    The 'IT Innovation Start-up Fund' will have corpus of Rs 200 crore, she said. The announcement comes against the backdrop of a greater thrust from the Centre on developing the start-up ecosystem.

    16 Jun 2016, 2.08 pm  |  Source: PTI

  • SBI enters into alliance with American Express

    SBI enters into alliance with American Express  

    India's largest lender State Bank of India (SBI) and American Express have entered into alliance to expand AmEx card acceptance in India.

    15 Jun 2016, 7.36 pm  |  Source: PTI

  • Union Bank to raise Rs 1,000 cr via bonds

    Union Bank to raise Rs 1,000 cr via bonds  

    Public sector Union Bank of India on June 14 said it plans to raise Rs 1,000 crore by issuing tier-II bonds

    14 Jun 2016, 9.30 pm  |  Source: PTI

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