Public sector lender Corporation Bank today said its board has approved plans to raise capital up to Rs 3,500 crore.
State-owned Corporation Bank today posted a profit of Rs 159.98 crore for the last quarter of 2016-17 fiscal even though bad loans rose.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy SBI, IDBI Bank, Corporation Bank and IRB Infra and can sell Ujjivan Financial Services.
Chairman Vinod Rai and members of the Banks Board Bureau have made the recommendations based on interactions held with eligible candidates from public sector banks.
State owned Corporation Bank today issued Basel III compliant bonds to raise Rs 500 crore.
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IDBI Bank has acquired 32,30,00,000 shares from Jaiprakash Power Ventures in consideration of conversion of debt into equity under strategic debt restructuring, the company said in a BSE filing.
To reinstate its presence as the dominant insurer and largest institutional investor in the Indian market, life insurance behemoth - Life Insurance Corporation - will, for the first time in its six-decades history in the country, hold a press conference today to announce its quarterly results.
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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.
Finance Minister Arun Jaitley announced an allocation of Rs 10,000 crore for ailing state banks in his Budget speech yesterday. While nimble, bigger lenders will have no complaints, smaller public sectors may not feel the same way.
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Among banks, Corporation Bank, Bank of India and Punjab & Sind Bank slashed their marginal cost of funds based lending rate (MCLR).
Government has given a one-time relaxation to banks for submission of online applications for claims under Credit Linked Capital Subsidy Scheme (CLCSS), due to their heavy workload post demonetisation.
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The Andhra Pradesh government may come to the rescue of the 12 lenders of the Rs 10,500-crore under-construction 1,320 MW power project at Kakarapalli village in the state‘s Srikakulam district, according to a source.
Only six state-owned banks including SBI declared dividend, though at a lower rate, for the fiscal ended March 2016.
Reserve Bank has asked income tax assessees to pay their dues in advance for December quarter and has designated a total of 29 banks at which the payments can be done.
Mitesh Thacker of miteshthacker.com recommends buying Tech Mahindra and Corporation Bank and sell Glenmark Pharma, HDFC Bank and Karnataka Bank.
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Corporation Bank today posted 9 per cent rise in net profit at Rs 206.28 crore for the quarter ending September despite rise in provisioning for bad loans.
RBI said remitting I-T dues towards the end of December every year becomes too far heavy and makes difficult for it to cope with the pressure of issuing receipts despite opening additional counters to the maximum extent possible.
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Passing orders on an amended plea filed by the consortium led by the Oriental Bank of Commerce for recovery of the payment, DRT Presiding Officer K Srinivasan directed Airbus to deposit Rs 192.51 crore from any source within eight weeks.
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