"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
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
"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 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
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
"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
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
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
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
"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
"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 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
"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
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
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
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
"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
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
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
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
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
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
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 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
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
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
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
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
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
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