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
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
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
PTI,Bank of Maharashtra,signs of improvement,break even in the Q4,credit growth
17 Feb 2017, 8.46 pm | Source: PTI
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
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
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
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
"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
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
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
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
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
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
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 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 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
"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
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
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
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
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
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
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
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
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
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
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
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
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