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Banks - Public Sector News

  • LIC stalls listing of UTI AMC

    LIC stalls listing of UTI AMC  

    Despite receiving a nod for a broad-based listing two weeks ago from its public sector bank stakeholders, namely State Bank of India, Punjab National Bank and Bank of Baroda, UTI AMC will not get listed until its fourth major PSU ...

    20 Feb 2017, 9.31 am  |  Source: Moneycontrol.com

  • SBI merger may be delayed as banks yet to seek CCI approval

    SBI merger may be delayed as banks yet to seek CCI approval  

    The merger of State Bank of India and its associate banks such as State bank of Travancore is likely to be delayed further as the PSUs are yet to receive approval from the Competition Commission of India (CCI).

    20 Feb 2017, 8.48 am  |  Source: Moneycontrol.com

  • Banks look for insurance as cyber threats increase

    Banks look for insurance as cyber threats increase  

    With instances of cyber threats increasing, the banks, which are increasingly going digital prodded by government and regulators following note-ban, are looking for cyber insurance -- a fledgling industry vertical for general ...

    19 Feb 2017, 10.16 am  |  Source: PTI

  • BoM expects break even in Q4, 10 pc credit growth in FY`18

    BoM expects break even in Q4, 10 pc credit growth in FY'18  

    PTI,Bank of Maharashtra,signs of improvement,break even in the Q4,credit growth

    17 Feb 2017, 8.46 pm  |  Source: PTI

  • No major impact on Indian banks in UK post-Brexit:SBI UK chief

    No major impact on Indian banks in UK post-Brexit:SBI UK chief  

    There will be no major impact on Indian banking operations in the UK post-Brexit and the British capital will continue to be the global "financial hub", according to the UK chief of State Bank of India.

    17 Feb 2017, 12.34 pm  |  Source: PTI

  • Ranganathan, Mehta appointed Non-Official Director in IOB, PNB

    Ranganathan, Mehta appointed Non-Official Director in IOB, PNB  

    T C A Ranganathan and Sunil Mehta were today appointed as Non-Official Directors in Indian Overseas Bank and Punjab National Bank respectively.

    17 Feb 2017, 11.32 am  |  Source: PTI

  • SBI merger: Bank unions question need for ‘big bank’

    SBI merger: Bank unions question need for ‘big bank’  

    Nine bank unions, including All India Bank Employees Association and All India Bank Officers’ Association, have questioned the government and SBI management’s need for creating a large bank.

    16 Feb 2017, 7.41 pm  |  Source: Moneycontrol.com

  • SBI merger: What new entity will look like

    SBI merger: What new entity will look like   

    The Cabinet has approved the long-awaited merger of State Bank of India and its five associate banks. The merger will give a new look to the state-owned bank while creating a Rs 32-lakh crore banking giant.

    16 Feb 2017, 6.13 pm  |  Source: Moneycontrol.com

  • Rs 10K-cr recapitalisation for PSBs in FY18 enough: Vinod Rai

    Rs 10K-cr recapitalisation for PSBs in FY18 enough: Vinod Rai  

    "It (Rs 10,000 crore capital infusion) should be enough, because government would probably be going for rights issue also. So, the Rs 10,000 crore will be able to leverage much more from the market," Rai told reporters at the side...

    16 Feb 2017, 5.20 pm  |  Source: PTI

  • Govt paves way for SBI, associates merger but challenges remain

    Govt paves way for SBI, associates merger but challenges remain  

    State Bank of India, country’s biggest bank is set to become even bigger, with the Cabinet approving its merger with its five subsidiaries on Wednesday.

    16 Feb 2017, 3.49 pm  |  Source: Moneycontrol.com

  • SBI chief seeks more clarity, dispensations to resolve NPAs

    SBI chief seeks more clarity, dispensations to resolve NPAs  

    State Bank of India chairman Arundhati Bhattacharya today said banks need some more clarity and dispensations to resolve the stressed assets problem.

    15 Feb 2017, 8.30 pm  |  Source: PTI

  • Cabinet approves merger of SBI, 5 associate banks

    Cabinet approves merger of SBI, 5 associate banks  

    The merged entity will create a banking behemoth, one-fourth of market share in India’s banking sector (in terms of loans and deposits), with an asset base of about Rs 40 lakh crore from Rs 23 lakh crore.

    15 Feb 2017, 8.21 pm  |  Source: Moneycontrol.com

  • Cabinet gives nod to SBI merger with associates

    Cabinet gives nod to SBI merger with associates   

    The Cabinet has given approval to the merger of State Bank of India with its five subsidiaries, Finance Minister Arun Jaitley announced on Wednesday.

    15 Feb 2017, 7.33 pm  |  Source: Moneycontrol.com

  • State Bank of Travancore to raise Rs 600 cr via bonds

    State Bank of Travancore to raise Rs 600 cr via bonds  

    SBI associate State Bank of Travancore (SBT) plans to raise up to Rs 600 crore by issuing Basel III-compliant bonds to augment its tier-I capital.

    14 Feb 2017, 5.52 pm  |  Source: PTI

  • No merger talks with Union Bank: Dena Bank CMD

    No merger talks with Union Bank: Dena Bank CMD  

    Dena Bank Chairman and Managing Director Ashwani Kumar also said he did not foresee any further rate cuts.

    14 Feb 2017, 5.46 pm  |  Source: PTI

  • S&P downgrades IDBI Bank to BB on very weak asset quality

    S&P downgrades IDBI Bank to BB on very weak asset quality  

    "S&P Global Ratings today lowered its long-term foreign currency issuer credit rating on IDBI Bank to 'BB' from 'BB+' because we expect the bank's asset quality to remain very weak over the next 12 months," said S&P Global Ratings...

    14 Feb 2017, 3.22 pm  |  Source: PTI

  • Canara Bank to dilute stake in CanFin Homes

    Canara Bank to dilute stake in CanFin Homes  

    "Canara Bank has informed the company that they have intimated RBI about their proposal to dilute their stake to 30 percent by March 31, 2017," CanFin Homes Ltd said in a BSE filing.

    14 Feb 2017, 12.18 pm  |  Source: PTI

  • Union Bank denies merger talk with Dena Bank

    Union Bank denies merger talk with Dena Bank  

    "There was a report quoting Dena Bank chairman and managing director which stated about some merger talks with Union Bank. The fact is there is nothing of that sort even remotely," Union Bank chairman Arun Tiwari said.

    14 Feb 2017, 7.54 am  |  Source: PTI

  • Allahabad Bank registers net profit of Rs 75 cr in Q3

    Allahabad Bank registers net profit of Rs 75 cr in Q3  

    However, total income of the bank decreased to Rs 5,025.13 crore in the October-December quarter, from Rs 5,030.19 crore earnings in the same period a year earlier, Allahabad Bank said in a regulatory filing.

    13 Feb 2017, 3.12 pm  |  Source: PTI

  • Gross slippages seen at Rs 15k cr in FY17: BoB

    Gross slippages seen at Rs 15k cr in FY17: BoB   

    Bank of Baroda has a decent pipeline for loan growth and is not looking to cut its lending or deposit rates currently, says MD and CEO PS Jayakumar,

    13 Feb 2017, 10.05 am  |  Source: CNBC-TV18

  • Few more qrtrs for NPLs to peak; slippage may stay at 2.59%; SBI

    Few more qrtrs for NPLs to peak; slippage may stay at 2.59%; SBI   

    Ground work to resolve the nonperforming loans’ (NPL) issue has been completed but couple of more quarters need to go by before results start showing says, State Bank of India’s MD-Corp Banking Group B Sriram sharing his outlo...

    13 Feb 2017, 8.56 am  |  Source: CNBC-TV18

  • Dena Bank out of loss zone, logs Q3 profit at Rs 35 cr

    Dena Bank out of loss zone, logs Q3 profit at Rs 35 cr  

    State-run Dena Bank today reported a profit of Rs 35.3 crore for the third quarter ended December on lower provisioning for bad loans.

    10 Feb 2017, 7.10 pm  |  Source: PTI

  • Corporation Bank Q3 profit at Rs 159 cr

    Corporation Bank Q3 profit at Rs 159 cr  

    State-run Corporation Bank today reported a profit of Rs 159 crore for the third quarter ended December 31, as the provision for bad loans declined.

    10 Feb 2017, 7.10 pm  |  Source: PTI

  • Bank of Baroda posts Q3 profit at Rs 253 cr, net NPA falls

    Bank of Baroda posts Q3 profit at Rs 253 cr, net NPA falls   

    Public sector lender Bank of Baroda turned profitable in October-December quarter, with net income at Rs 252.67 crore against big loss of Rs 3,342.04 crore in same quarter last year due to sharp fall in provisions.

    10 Feb 2017, 4.52 pm  |  Source: Moneycontrol.com

  • COMMENT: SBI could be one of the early gainers of an upturn

    COMMENT: SBI could be one of the early gainers of an upturn  

    Key business parameters looked better for SBI sequentially – Net interest Income (the difference between interest income and expenses) grew by 7.7%, an improvement over the 1.3% that was reported in the previous quarter.

    10 Feb 2017, 4.07 pm  |  Source: Moneycontrol.com

  • SBI Q3 profit jumps 134% to Rs 2610 cr, slippages at Rs 10185 cr

    SBI Q3 profit jumps 134% to Rs 2610 cr, slippages at Rs 10185 cr   

    Overall asset quality was stable, though slightly weakened. Gross non-performing assets as a percentage of gross advances increased 9 basis points to 7.23 percent and net NPAs rose 5 basis points to 4.24 percent compared with prev...

    10 Feb 2017, 1.00 pm  |  Source: Moneycontrol.com

  • Bank of India expects Q4 bad loan addition at Rs 3,500 cr: CEO

    Bank of India expects Q4 bad loan addition at Rs 3,500 cr: CEO   

    In a interview to CNBC-TV18 Bank of India chief Melwyn Rego decoded the bank's third quarter performance and the road ahead.

    09 Feb 2017, 10.53 pm  |  Source: CNBC-TV18

  • Bank of India plans to raise about Rs 3,700 crore by March-end

    Bank of India plans to raise about Rs 3,700 crore by March-end  

    During the next two months, Bank of India plans to raise about Rs 1,000-1,500 crore by issuing Additional Tier-1 (AT-1) bonds and an equal amount by issuing Tier-2 bonds," CEO and MD Melwyn Rego has said.

    09 Feb 2017, 7.00 pm  |  Source: Moneycontrol.com

  • Andhra Bank Q3 net jumps 65% at Rs 56.70 cr

    Andhra Bank Q3 net jumps 65% at Rs 56.70 cr  

    Public sector Andhra Bank today reported 65 per cent jump in net profit to Rs 56.70 crore for December quarter of the current fiscal on higher treasury income even as bad loans rose substantially.

    09 Feb 2017, 5.10 pm  |  Source: PTI

  • Bank of India turns corner, Q3 profit at Rs 102 cr; NPA improves

    Bank of India turns corner, Q3 profit at Rs 102 cr; NPA improves   

    Asset quality improved on sequential basis as gross non-performing assets (NPA) declined 7 basis points to 13.38 percent and net NPA dropped 47 basis points to 7.09 percent in the quarter gone by.

    09 Feb 2017, 1.35 pm  |  Source: Moneycontrol.com

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