Dec 30, 2020 10:52 PM IST
The central probing agency had earlier booked IVRCL and its directors on a complaint from the State Bank of India and raided their premises for an alleged fraud worth over Rs 4,800 crore against a consortium of banks.
- Sep 30, 2020 09:22 PM IST
A bank mentioned in the Second Schedule of the Reserve Bank of India Act is known as 'Scheduled Commercial Bank'. These six banks merged with other public sector banks (PSBs) with effect from April 1.
- Mar 12, 2020 08:30 PM IST
Finance Minister Nirmala Sitharaman on March 12 held meetings with chief executives of these banks, including Andhra Bank, Corporation Bank and Union Bank of India.
- Feb 07, 2020 11:43 AM IST
- Feb 05, 2020 10:23 PM IST
Gross non-performing assets (NPAs) worsened to 17.26 per cent of the gross advances at the end of December 2019, compared with 16.68 per cent a year ago.
- Dec 06, 2019 02:46 PM IST
The bank was fined for non-compliance with RBI's directions on KYC norms, anti-money laundering standards and opening of current accounts.
- Dec 05, 2019 08:45 PM IST
The penalty has been imposed in exercise of powers vested in RBI under the provisions of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI, it said.
- Oct 15, 2019 08:23 AM IST
The benchmark one-year tenor MCLR, which is used to price most of the consumer loans, has been brought down to 8.30 per cent from 8.40 per cent.
- Sep 16, 2019 04:01 PM IST
The sale is expected to bring in Rs 700 crore for state-run lender Andhra Bank
- Sep 13, 2019 10:05 PM IST
Finance Minister Nirmala Sitharaman recently announced the merger of Oriental Bank of Commerce and UnitedBankwith Punjab National Bank, Syndicate Bank with Canara Bank, while Andhra Bank and Corporation Bank would merged with Union Bank of India.
- Aug 09, 2019 07:17 PM IST
The bank said it would soon introduce repo rate linked deposit and loan products.
- Aug 05, 2019 11:51 AM IST
- Aug 02, 2019 09:06 PM IST
The lender's total income, however, increased to Rs 5,437.03 crore in three months to June 2019 as compared with Rs 5,092.08 crore in the year-ago period, Andhra Bank said in a regulatory filing on August 2.
- Jul 24, 2019 06:09 PM IST
In its report that runs into over 70,000 pages, the investigating agency has charged officials of 13 banks of being hand-in-glove with the Bhushan Steel promoters
- Jun 24, 2019 10:30 PM IST
The board of directors of the bank at its meeting held on June 24, 2019, approved the proposal to raise the equity capital amounting to Rs 2,000 crore.
- May 14, 2019 10:50 AM IST
- May 13, 2019 07:36 PM IST
The bank had booked a net loss of Rs 2,535.82 crore in the corresponding quarter of 2017-18.
- Mar 29, 2019 09:52 AM IST
At 0943 hrs, Andhra Bank was quoting Rs 28.25, up 1.62 percent on the BSE.
- Feb 20, 2019 10:56 AM IST
The rise in the pace of the write-off exercise indicates that write-offs may be sizeable in the current year too.
- Feb 12, 2019 10:48 AM IST
- Feb 11, 2019 07:54 PM IST
Total income, however, rose to Rs 5,322.33 crore for the third quarter of 2018-19 as against Rs 5,093.43 crore in same period last year, Andhra Bank said in a regulatory filing.
- Nov 05, 2018 10:12 PM IST
Andhra Bank earlier last week reported a net loss of Rs 434 crore in second quarter of this fiscal, which widened against Rs 385.11 crore loss in year ago same period.
- Nov 05, 2018 10:17 AM IST
- Oct 24, 2018 09:20 PM IST
The controversy surrounding the appointment of Rakesh Asthana and how the probe into his misdemeanours is being thwarted, raises the question of whether the government exercises political discretion in selecting candidates who are pliant to their agenda.
- Aug 16, 2018 02:47 PM IST
The MCLR for overnight, 1 month, 3 month, 6 month and one year tenors has been raised by 0.15 percent each to 8.15 percent, 8.20 per cent, 8.40 percent, 8.55 percent and 8.70 percent, respectively, the bank said.