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Banks - Public Sector News

  • BoB raises Rs 1,000 cr; SB of Travancore eyes Rs 600 cr

    BoB raises Rs 1,000 cr; SB of Travancore eyes Rs 600 cr  

    Public sector player Bank of Baroda has raised Rs 1,000 crore by issuing bonds that are compliant with global capital adequacy norms or Basel III.

    02 Dec 2016, 9.24 pm  |  Source: PTI

  • Rs 2.5 lakh crore won`t come back into banking system: SBI

    Rs 2.5 lakh crore won't come back into banking system: SBI  

    In a report, the Economic Research Department of State Bank of India (SBI) said "around Rs 2.5 lakh crore on a conservative basis will not be coming back into the system".

    02 Dec 2016, 8.14 pm  |  Source: PTI

  • Dena Bank reduces MCLR by 10 bps to 9.30% for 1-year tenor

    Dena Bank reduces MCLR by 10 bps to 9.30% for 1-year tenor  

    The lender also fixed its overnight period minimum lending rate or MCLR at 9.10 percent.

    02 Dec 2016, 2.24 pm  |  Source: PTI

  • Old note deposits slowing down in last 2-3 days: SBI

    Old note deposits slowing down in last 2-3 days: SBI   

    The number of transactions and amount deposited in banks following demonetisation is on a downward trajectory, says Rajnish Kumar, MD of SBI. He believes the overall deposits could not have yet touched the highly-speculated Rs 11 ...

    02 Dec 2016, 10.19 am  |  Source: CNBC-TV18

  • Bank of Maharashtra to raise Rs 1,000 cr via bonds

    Bank of Maharashtra to raise Rs 1,000 cr via bonds  

    State-owned Bank of Maharashtra today said it proposes to raise Rs 1,000 crore through bonds to fund business expansion.

    01 Dec 2016, 7.40 pm  |  Source: PTI

  • PNB, South Indian Bank lower lending rates for Dec

    PNB, South Indian Bank lower lending rates for Dec  

    Punjab National Bank has cut the marginal cost of funds based lending rate (MCLR) by 0.05-0.10 percentage points for December across maturities of various tenors.

    30 Nov 2016, 8.18 pm  |  Source: PTI

  • SBI-Bharatiya Mahila Bank merger gets Competition Comm nod

    SBI-Bharatiya Mahila Bank merger gets Competition Comm nod  

    Competition Commission has approved the merger of Bharatiya Mahila Bank with the country's largest lender State Bank of India (SBI).

    30 Nov 2016, 5.20 pm  |  Source: PTI

  • UCO Bank raises Rs 270 crore via preference shares to LIC

    UCO Bank raises Rs 270 crore via preference shares to LIC  

    Public sector UCO Bank has raised Rs 270.59 crore by issuing over 7 crore shares to LIC on preferential basis.

    29 Nov 2016, 9.26 pm  |  Source: PTI

  • Central Bank to raise Rs 157 cr by issuing shares to LIC

    Central Bank to raise Rs 157 cr by issuing shares to LIC  

    The public sector lender will create, offer, issue and allot up to 1,71,44,954 equity shares of to Life Insurance Corporation of India for cash aggregating up to Rs 156.79 crore, Central Bank said in a regulatory filing.

    29 Nov 2016, 7.40 pm  |  Source: PTI

  • S&P retains credit ratings, stable outlook on SBI

    S&P retains credit ratings, stable outlook on SBI  

    Expecting the nation's largest lender SBI to fare better than its peers, global rating agency S&P today retained its long-term as well as short-term ratings on the bank with a stable outlook.

    28 Nov 2016, 5.44 pm  |  Source: PTI

  • Analysts see limited impact on banks` earnings after RBI move

    Analysts see limited impact on banks' earnings after RBI move  

    After banning legal tender status of Rs 500 and Rs 1,000 notes since November 8, there has been a huge surge in banks' deposits. To reduce that surplus liquidity available with the banking system, the Reserve Bank of India, on las...

    28 Nov 2016, 1.18 pm  |  Source: Moneycontrol.com

  • Ola teams up with SBI, PNB for setting up mobile ATMs

    Ola teams up with SBI, PNB for setting up mobile ATMs  

    With banks and ATMs not being able to cope with the rush for access to lower denomination or new currency after old Rs 500 and 1,000 notes were banned, cash dispensing through swipe of debit cards at POS machines was introduced at...

    27 Nov 2016, 2.00 pm  |  Source: PTI

  • SBI expects RBI nod on merger of associate banks soon

    SBI expects RBI nod on merger of associate banks soon  

    The detailed merger plan, including financial implications, HR and asset-liability issues are being vetted by the RBI, sources said, adding that the approval from the central bank is expected anytime soon.

    27 Nov 2016, 1.14 pm  |  Source: PTI

  • Bajaj Allianz General Insurance and Canara Bank tie-up

    Bajaj Allianz General Insurance and Canara Bank tie-up  

    Under the strategic agreement, Bajaj Allianz General Insurance will offer its industry leading general insurance products to the customers of Canara Bank, Bajaj Allianz said.

    26 Nov 2016, 4.48 pm  |  Source: PTI

  • Kingfisher House goes on sale 3rd time, reserve price down 15%

    Kingfisher House goes on sale 3rd time, reserve price down 15%  

    The 17-lender consortium to the defunct Kingfisher Airlines has again put on sale its erstwhile headquarters, Kingfisher House, but with a 15 per cent reduction in the reserve price.

    25 Nov 2016, 8.38 pm  |  Source: PTI

  • SBI to raise Rs 5,681 cr from preferential issue to government

    SBI to raise Rs 5,681 cr from preferential issue to government  

    Earlier this month, SBI had said it would also take fresh approval to raise up to Rs 15,000 crore through various means, including public offer and overseas issuance of shares.

    25 Nov 2016, 11.04 am  |  Source: PTI

  • UBI raises Rs 750 cr by issuing Basel compliant bonds

    UBI raises Rs 750 cr by issuing Basel compliant bonds  

    "Union Bank of India on November 24, 2016 has issued 7500 redeemable, unsecured subordinated Basel III compliant tier II bonds eligible for inclusion in tier-II capital," it said in a regulatory filing.

    24 Nov 2016, 9.46 pm  |  Source: PTI

  • Digital transactions in banking sector going up: SBI

    Digital transactions in banking sector going up: SBI  

    "Digital transactions have really gone up in the sense that if you look at my PoS transactions, it is 300 percent up in numbers and 200 percent by value," Bhattacharya told reporters in response to a query on increase in cashless ...

    24 Nov 2016, 3.42 pm  |  Source: PTI

  • SBI slashes bulk term deposit rates by 125-190 bps across tenors

    SBI slashes bulk term deposit rates by 125-190 bps across tenors   

    Speaking to CNBC-TV18 the state-owner bank's CFO Anshula Kant said the MCLR has been on a decline over the last few months considering weak credit offtake and fund inflows. She sees possibility of a steeper reduction in MCLR going...

    23 Nov 2016, 9.28 pm  |  Source: CNBC-TV18

  • Demonetisation: Will banks be offering cheaper loans? Think again

    Demonetisation: Will banks be offering cheaper loans? Think again  

    Demonetization equals surge in bank deposits equals low cost funds for banks. Unreturned old currency notes means windfall for government, which can then be used to recapitalize public sector banks.

    23 Nov 2016, 2.52 pm  |  Source: Moneycontrol.com

  • SBI pumps money in POS devices as cash pipeline dries-up

    SBI pumps money in POS devices as cash pipeline dries-up  

    The move follows huge rush at banks and ATMs following the ban on old high-value notes of Rs 500 and Rs 1000.

    22 Nov 2016, 8.10 pm  |  Source: PTI

  • Dena Bank cuts deposit rates by up to 50 basis points

    Dena Bank cuts deposit rates by up to 50 basis points  

    The lenders have been slashing rates on deposits due to the nation-wide rush to remit cash in banks after government's move to ban old Rs 500 and Rs 1000 notes and exchange these within a limit or put it in bank accounts.

    21 Nov 2016, 7.36 pm  |  Source: PTI

  • Canara Bank hopes Rs 32k cr deposits will help in NPA recovery

    Canara Bank hopes Rs 32k cr deposits will help in NPA recovery   

    Bankers have maintained a positive stance after the roll-out of the demonetisation scheme. Rakesh Sharma, MD & CEO of Canara Bank concurs with the optimism and says that the bank is not facing issues since the Reserve Bank of Indi...

    21 Nov 2016, 3.14 pm  |  Source: CNBC-TV18

  • 16 of 22 PSU banks skip dividend in FY16 on mounting NPAs

    16 of 22 PSU banks skip dividend in FY16 on mounting NPAs  

    Only six state-owned banks including SBI declared dividend, though at a lower rate, for the fiscal ended March 2016.

    20 Nov 2016, 2.18 pm  |  Source: PTI

  • SBI plans to raise Rs 5,681 cr from preferential issue to govt

    SBI plans to raise Rs 5,681 cr from preferential issue to govt  

    The bank has called a general meeting of shareholders on December 20 for taking approval for issuance of preference shares, SBI said in a regulatory filing to stock exchanges.

    20 Nov 2016, 11.50 am  |  Source: PTI

  • Demonetisation: SBI waives MDR on RuPay debit cards

    Demonetisation: SBI waives MDR on RuPay debit cards  

    In the wake of demonetisation of Rs 500 and 1,000 notes, State Bank of India waived merchant discount rate (MDR) on the RuPay Debit Cards with immediate effect

    20 Nov 2016, 11.50 am  |  Source: PTI

  • PNB cuts deposit rates by upto 0.25%

    PNB cuts deposit rates by upto 0.25%  

    Flush with funds, Punjab National Bank (PNB) today trimmed interest rate on fixed deposits by up to 0.25 per cent in line with competition.

    20 Nov 2016, 11.44 am  |  Source: PTI

  • Deposits of Rs 42,000 cr have come in: PNB Chief

    Deposits of Rs 42,000 cr have come in: PNB Chief   

    In conversation with CNBC-TV18, Usha Ananthasubramanian, MD & CEO of Punjab National Bank (PNB), said 200 branches of PNB have been working in double shifts.

    18 Nov 2016, 11.28 am  |  Source: CNBC-TV18

  • SBI seeks more relaxation of S4A guidelines

    SBI seeks more relaxation of S4A guidelines  

    Premier lender State Bank of India is believed to have wanted relaxation of norms in the Scheme for Sustainable Structuring of Stressed Assets (S4A), reports Mint

    18 Nov 2016, 7.54 am  |  Source: Moneycontrol.com

  • SBI cuts FD rates on select maturities by 0.15%

    SBI cuts FD rates on select maturities by 0.15%  

    Term deposit of 1 year to 455 days has been reduced by 0.15 percent to 6.90 percent from 7.05 percent effective tomorrow, SBI said in a statement.

    16 Nov 2016, 10.18 pm  |  Source: PTI

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