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Banks - Public Sector News

  • R Subramania Kumar appointed ED of Indian Overseas Bank

    R Subramania Kumar appointed ED of Indian Overseas Bank  

    "The Central Government appointed R Subramania Kumar, Executive Director, Indian Bank as Executive Director, Indian Overseas Bank with effect from his taking over the charge of the Indian Overseas Bank and up to January 21, 2019 o...

    30 Sep 2016, 9.52 am  |  Source: PTI

  • Corporation Bank fixes MCLR at 9.05 - 9.5%

    Corporation Bank fixes MCLR at 9.05 - 9.5%  

    Bank's tenor based marginal cost of funds based lending rate (MCLR) for all new rupee loans and advances including renewables with effect from October 1 will be in range of 9.05 to 9.5 per cent, it said in a filing.

    30 Sep 2016, 7.44 am  |  Source: PTI

  • Oriental Bank of Commerce to raise Rs 500 cr via bonds

    Oriental Bank of Commerce to raise Rs 500 cr via bonds  

    "The bank intends to raise Tier 1 capital through private placement of Basel III compliant additional tier 1 bonds of Rs 10,00,000 each at par aggregating to Rs 500 crore," Oriental Bank of Commerce said in a BSE filing.

    29 Sep 2016, 11.16 am  |  Source: PTI

  • Watch: SBI Economic Conclave

    Watch: SBI Economic Conclave    

    Watch accompanying videos of SBI Economic Conclave wherein Arundhati Bhattacharya, Chairman of SBI is speaking to an elite panel which consist Kumar Mangalam Birla, Chairman of Aditya Birla Group, Chanda Kochhar, MD & CEO of ICICI...

    28 Sep 2016, 1.26 pm  |  Source: CNBC-TV18

  • Govt removes Sushil Muhnot as CMD of Bank of Maharashtra

    Govt removes Sushil Muhnot as CMD of Bank of Maharashtra  

    According to reports, the finance ministry had earlier this year served a showcause notice to Muhnot asking him to explain why he should not be terminated from his job for allegedly occupying two houses.

    27 Sep 2016, 10.16 am  |  Source: PTI

  • BOI sells 18% stake in insurance JV to partner Dai-ichi Life

    BOI sells 18% stake in insurance JV to partner Dai-ichi Life  

    "Upon change in law, Bank of India has sold its 18 percent stake in Star Union Dai-ichi Life Insurance Company Ltd (SUD) to Dai-ichi Life Insurance Company Limited (DILIC)," the lender said in a regulatory filing.

    26 Sep 2016, 5.12 pm  |  Source: PTI

  • Associate banks to soon submit report on amalgamation to RBI

    Associate banks to soon submit report on amalgamation to RBI  

    The board of the directors has considered the report of the expert committee set up to look into the written objections from shareholders in terms of the Grievance Redressal Mechanism set up as part of the scheme of acquisition, S...

    26 Sep 2016, 3.42 pm  |  Source: PTI

  • Canara Bank to raise Rs 1,128 cr via rights issue

    Canara Bank to raise Rs 1,128 cr via rights issue  

    State-owned Canara Bank today said it plans to raise up to Rs 1,128 crore through rights issue to fund business growth.

    23 Sep 2016, 8.50 pm  |  Source: PTI

  • Dena Bank raises Rs 400 cr via Basel III compliant bonds

    Dena Bank raises Rs 400 cr via Basel III compliant bonds  

    State-owned Dena Bank has raised Rs 400 crore by issuing Basel III compliant tier II bonds.

    23 Sep 2016, 8.50 pm  |  Source: PTI

  • Andhra Bank ties up with Cigna TTK, Reliance General Insurance

    Andhra Bank ties up with Cigna TTK, Reliance General Insurance  

    "The tie-up with both the insurance companies will immensely benefit the customers by providing alternatives in choosing products. These partnerships will provide mutual benefit to the bank and insurance companies in tapping the p...

    23 Sep 2016, 2.10 pm  |  Source: PTI

  • UBI receives Rs 608 cr capital infusion from government

    UBI receives Rs 608 cr capital infusion from government  

    "The bank has received Rs 608 crore from the central government towards preferential allotment of 26,74,87,901 equity shares of Rs 10 each at a price of Rs 22.73 per share," UBI said in a BSE filing.

    23 Sep 2016, 11.12 am  |  Source: PTI

  • Union Bank completes stake buy in JVs to make them fully owned

    Union Bank completes stake buy in JVs to make them fully owned  

    Union KBC Asset Management and Union KBC Trustee Company were joint ventures between Union Bank of India and KBC Asset Management NV with 51 percent and 49 percent holding, respectively.

    21 Sep 2016, 7.22 pm  |  Source: PTI

  • Govt may opt for public offer to reduce IDBI Bank stake

    Govt may opt for public offer to reduce IDBI Bank stake  

    "We have never said that QIP is the only route. Initially some investors had shown their interest in QIP, but right now there is not much interest," Finance Ministry sources said.

    20 Sep 2016, 10.14 pm  |  Source: PTI

  • Why BoI`s Padmanabhan is not optimistic of stressed assets

    Why BoI's Padmanabhan is not optimistic of stressed assets   

    G Padmanabhan, Non-Executive Chairman of Bank of India said banks will be able to pass on the rate cuts given the mark-to-market gains we are sitting on, and the success seen in cleaning up a reasonable amount of bad assets.

    19 Sep 2016, 9.58 am  |  Source: CNBC-TV18

  • SBI chief Arundhati Bhattacharya likely to get extension

    SBI chief Arundhati Bhattacharya likely to get extension  

    Government is considering giving a one-year extension to SBI chief Arundhati Bhattacharya amid the lender's consolidation with its associate banks.

    18 Sep 2016, 2.32 pm  |  Source: PTI

  • Punjab National Bank ropes in Virat Kohli as brand ambassador

    Punjab National Bank ropes in Virat Kohli as brand ambassador  

    On the occasion Kohli said 'PNB is Mera Apna Bank' as he has been an account holder of the bank since the age of 16 years.

    17 Sep 2016, 5.22 pm  |  Source: PTI

  • Union Bank of India raises Rs 1,000 cr via AT1 bonds

    Union Bank of India raises Rs 1,000 cr via AT1 bonds  

    "The Bank has on September 15, 2016 issued 10,000 non-convertible, unsecured subordinated Basel III compliant perpetual debt instruments eligible for inclusion in additional tier 1 (AT1) capital," the bank said in a regulatory fil...

    16 Sep 2016, 10.02 am  |  Source: PTI

  • Why State Bank of Travancore director is objecting to SBI merger

    Why State Bank of Travancore director is objecting to SBI merger   

    Sajen Peter, an independent director of State Bank of Travancore and a former additional chief secretary to the Kerala government, has objected to the way the bank's merger with parent State Bank of India being done.

    15 Sep 2016, 3.54 pm  |  Source: CNBC-TV18

  • `SBI`s dollar bond issue to set price benchmark`

    'SBI's dollar bond issue to set price benchmark'  

    The bond issuance by the bank is the first cross-border deal in the dollar AT1 market from an Indian bank and would open up a new source of much-needed regulatory capital and provide a pricing benchmark for other banks keen to acc...

    14 Sep 2016, 2.44 pm  |  Source: PTI

  • SBI, PNB, IDFC Bank, PayTm also to issue e-toll tags now: NHAI

    SBI, PNB, IDFC Bank, PayTm also to issue e-toll tags now: NHAI  

    State Bank of India, Punjab National Bank, IDFC Bank and the digital wallet PayTM will also start issuing the tags, which are required for electronic toll collection, National Highways Authority (NHAI) chairman Raghav Chandra said...

    14 Sep 2016, 9.28 am  |  Source: PTI

  • Lenders likely to auction Mallya`s Kingfisher Villa next month

    Lenders likely to auction Mallya's Kingfisher Villa next month   

    The lenders, led by State Bank of India, may issue a public notice for the auction of the airline's prime asset, owned by embattled businessman Vijay Mallya, in the next few days, sources said.

    14 Sep 2016, 8.12 am  |  Source: PTI

  • Syndicate Bank fund infusion: Govt gets open offer exemption

    Syndicate Bank fund infusion: Govt gets open offer exemption  

    Markets regulator Sebi today exempted the government from making an open offer pursuant to to its acquisition of additional 7.75 per cent stake in Syndicate Bank under a capital infusion plan.

    12 Sep 2016, 7.18 pm  |  Source: PTI

  • New lending norms may nudge banks towards retail loans: SBI

    New lending norms may nudge banks towards retail loans: SBI  

    The Reserve Bank had last month come out with draft guidelines on credit to large corporate borrowers asking banks to make additional provisions if the loan amount crosses the prescribed limit.

    11 Sep 2016, 11.20 am  |  Source: PTI

  • SBI chief: Secondary mkt must for corporate bonds development

    SBI chief: Secondary mkt must for corporate bonds development  

    SBI chief Arundhati Bhattacharya was replying to a question on the steps taken by RBI late last month to deepen the bond market which has not really taken off as desired due to a host of factors such as lower market depth, absence...

    09 Sep 2016, 9.54 pm  |  Source: PTI

  • SBICaps Securities to turn profitable this fiscal

    SBICaps Securities to turn profitable this fiscal  

    State Bank of India's stock broking arm, SBICap Securities, which has been growing at over 60 percent so far this year in customer addition, today said for the first time the company will turn in a small profit this fiscal, driven...

    09 Sep 2016, 8.40 pm  |  Source: PTI

  • Vinod Kathuria on bond yields, treasury gains for PSBs

    Vinod Kathuria on bond yields, treasury gains for PSBs   

    In an interview to CNBC-TV18's Nigel D’Souza & Reema Tendulkar, Vinod Kathuria, ED at Union Bank of India where he spoke about the bond yields and whether PSU banks are likely to see higher treasury gains.

    09 Sep 2016, 11.34 am  |  Source: CNBC-TV18

  • Not just falling g-sec yields, but reforms too to aid banks: SBI

    Not just falling g-sec yields, but reforms too to aid banks: SBI   

    If one wants to play the banking space through PSUs then SBI is the best idea to own, said MB Mahesh of Kotak Institutional Equities.

    08 Sep 2016, 10.39 am  |  Source: CNBC-TV18

  • IDBI Bank sells 2.46% stake in CARE via open market sale

    IDBI Bank sells 2.46% stake in CARE via open market sale  

    Public sector IDBI Bank has pared its stake in Credit Analysis and Research Ltd (CARE) through open market to 0.94 per cent.

    07 Sep 2016, 10.32 pm  |  Source: PTI

  • NPCI all set to file for patent on UPI technology

    NPCI all set to file for patent on UPI technology  

    Confident that it has done a global first with the Unified Payment Interface (UPI), the National Payments Corporation of India (NPCI) is all set to file a patent application for its latest interoperable payment system, a senior of...

    07 Sep 2016, 7.38 pm  |  Source: PTI

  • SBI raises Rs 2,100 cr by issuing perpetual bonds to YES Bank

    SBI raises Rs 2,100 cr by issuing perpetual bonds to YES Bank  

    This is part of the bank's Rs 11,100-crore fund raising plans that it intends to raise on a private placement basis by issuing debt instruments.

    07 Sep 2016, 3.42 pm  |  Source: PTI

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