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  • HC grants bail to former Andhra Bank officer in money laundering case Aug 06, 2018 02:20 PM IST

    HC grants bail to former Andhra Bank officer in money laundering case

    The judge directed Garg not to leave the country without permission from the court concerned.The high court said he will not directly or indirectly influence the witnesses or interfere with the further investigation.

  • CCI approves Legal & General's stake sale in IndiaFirst to Warburg Pincus Jul 20, 2018 06:30 PM IST

    CCI approves Legal & General's stake sale in IndiaFirst to Warburg Pincus

    The deal, which as per sources is valued at around Rs 710 crore, would see the United Kingdom-based Legal and General exiting the insurance business in India by selling its entire stake in IndiaFirst Life Insurance Company.

  • Andhra Bank raises MCLR by 0.05% for various tenors Jun 15, 2018 06:46 PM IST

    Andhra Bank raises MCLR by 0.05% for various tenors

    The RBI had earlier this month increased the key lending rate by 0.25 percent to 6.25 percent.

  • HC seeks ED's reply on ex-Andhra Bank officer's bail plea May 09, 2018 06:21 PM IST

    HC seeks ED's reply on ex-Andhra Bank officer's bail plea

    Justice A K Pathak issued notice to the agency on the plea of Anup Prakash Garg who sought bail saying he was arrested by the ED on January 12 in connection with the case involving a Gujarat-based pharma firm and has been in custody since then.

  • Market Update: Broader indices back in green as Nifty PSU bank jumps 3%; Andhra Bank, BoI spike 8% Mar 13, 2018 10:06 AM IST

    Market Update: Broader indices back in green as Nifty PSU bank jumps 3%; Andhra Bank, BoI spike 8%

    The Nifty PSU banking index jumped 3.66 percent led by Bank of India which zoomed over 9 percent intraday on the back of recovery of Rs 7,000 crore from other banks. Punjab National Bank was up 4.3 percent while Andhra Bank zoomed over 5 percent.

  • Market Update: CNX FMCG up 2% led by ITC, United Spirits; Bharti Airtel up 3.5%; PSU banks drag Mar 12, 2018 10:24 AM IST

    Market Update: CNX FMCG up 2% led by ITC, United Spirits; Bharti Airtel up 3.5%; PSU banks drag

    The market breadth was in favour of the declines with 811 stocks advancing while 897 declined and 325 remained unchanged. On the other hand, in the BSE, 1223 stocks advanced and 1399 declined and 155 remained unchanged.

  • Andhra Bank falls 13% as ED files charge sheet against former director in Rs 5K cr fraud Mar 12, 2018 09:40 AM IST

    Andhra Bank falls 13% as ED files charge sheet against former director in Rs 5K cr fraud

    Garg (59) was arrested by the Enforcement Directorate (ED) in this case in January.

  • Market Update: CNX metal down over 1% dragged by Tata Steel & SAIL; SBI, HDFC most active Mar 09, 2018 02:40 PM IST

    Market Update: CNX metal down over 1% dragged by Tata Steel & SAIL; SBI, HDFC most active

    The market breadth was in favour of the declines with 765 stocks advancing while 939 declined and 315 remained unchanged. On the other hand, in the BSE, 1199 stocks advanced and 1406 declined and 151 remained unchanged.

  • Market Update: RIL, SBI, ICICI Bank top Nifty gainers; Trent jumps 5%, LIC Housing Lupin hit 52-week low Mar 08, 2018 10:12 AM IST

    Market Update: RIL, SBI, ICICI Bank top Nifty gainers; Trent jumps 5%, LIC Housing Lupin hit 52-week low

    The market breadth was in favour of the declines with 677 stocks advancing while 1039 declined and 302 remained unchanged. On the other hand, in the BSE, 989 stocks advanced and 1634 declined and 149 remained unchanged.

  • Market Update: 170 stocks hit new 52-week low as Nifty PSU bank plunges over 3%; SBI top loser Mar 07, 2018 12:31 PM IST

    Market Update: 170 stocks hit new 52-week low as Nifty PSU bank plunges over 3%; SBI top loser

    The market breadth was in favour of the declines with 247 stocks advancing while 1452 declined and 315 remained unchanged. On the other hand, in the BSE, 428 stocks advanced and 2095 declined and 102 remained unchanged.

  • Market Update: 170 stocks hit new 52-week low as Nifty PSU bank plunges over 3%; SBI top loser Mar 07, 2018 10:27 AM IST

    Market Update: 170 stocks hit new 52-week low as Nifty PSU bank plunges over 3%; SBI top loser

    The market breadth was in favour of the declines with 428 stocks advancing while 1215 declined and 367 remained unchanged. On the other hand, in the BSE, 645 stocks advanced and 1542 declined and 94 remained unchanged.

  • Credit Suisse expects PSU banks to report treasury loss of Rs 20K cr in Q4; overweight on SBI, BoB Mar 07, 2018 09:27 AM IST

    Credit Suisse expects PSU banks to report treasury loss of Rs 20K cr in Q4; overweight on SBI, BoB

    Credit Suisse continues to prefer private banks over PSU banks and has overweight calls on State Bank of India with a target of Rs 381 and Bank of Baroda with target of Rs184 while it is underweight on Bank of India with a target of Rs 122 per share.

  • PSU Bank index closes 2.8% lower dragged by BOI, Canara Bank; SBI, PNB fall 2% Mar 06, 2018 04:00 PM IST

    PSU Bank index closes 2.8% lower dragged by BOI, Canara Bank; SBI, PNB fall 2%

    The PSU banking index cracked 2.87 percent after investigation deepened in the PNB fraud case. The largest contributor to the index fall was Bank of India which plunged 6.46 percent, hitting fresh 52-week low. Syndicate Bank ended lower by 5 percent.

  • Short Andhra Bank, Tata Steel: Prakash Gaba Feb 02, 2018 02:02 PM IST

    Short Andhra Bank, Tata Steel: Prakash Gaba

    Prakash Gaba of prakashgaba.com recommends shorting Andhra Bank and Tata Steel.

  • Ex-Andhra Bank official sent to jail in Rs 5,000 cr bank loan fraud case Jan 23, 2018 03:54 PM IST

    Ex-Andhra Bank official sent to jail in Rs 5,000 cr bank loan fraud case

    Additional Sessions Judge Sidharth Sharma sent Anup Prakash Garg to custody for two weeks when he was produced before the court after his nine-day custodial interrogation by the Enforcement Directorate (ED).

  • ED arrests former Andhra Bank official in loan fraud case Jan 13, 2018 03:00 PM IST

    ED arrests former Andhra Bank official in loan fraud case

    This is the second arrest in the case after the agency in November last year held Delhi-based businessman Gagan Dhawan from here.

  • Buy Infosys, DHFL, Interglobe Aviation, M&M, South Indian Bank; sell Andhra Bank: Sudarshan Sukhani Jan 09, 2018 09:58 AM IST

    Buy Infosys, DHFL, Interglobe Aviation, M&M, South Indian Bank; sell Andhra Bank: Sudarshan Sukhani

    Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, DHFL, Interglobe Aviation, M&M and South Indian Bank and can sell Andhra Bank.

  • Andhra Bank withdraws insolvency petition against HDIL Nov 16, 2017 02:08 PM IST

    Andhra Bank withdraws insolvency petition against HDIL

    "The company has proceeded for settlement of its balance outstanding dues and has made part payment of its balance dues. The application stands withdrawn from NCLT by Andhra Bank," HDIL said in a BSE filing.

  • Andhra Bank mops Rs 500cr by issuing Basel III compliant bonds Nov 01, 2017 10:00 PM IST

    Andhra Bank mops Rs 500cr by issuing Basel III compliant bonds

    The issue was opened for subscription from October 31 and was closed the same day.

  • Andhra Bank to raise Rs 1,000 crore via Basel-compliant bonds Oct 12, 2017 10:15 PM IST

    Andhra Bank to raise Rs 1,000 crore via Basel-compliant bonds

    To comply with Basel-III Capital Regulations, banks need to improve and strengthen their capital planning processes.

  • See more upside in Andhra Bank, sell Vedanta: Sandeep Wagle Sep 15, 2017 11:24 AM IST

    See more upside in Andhra Bank, sell Vedanta: Sandeep Wagle

    Sandeep Wagle of powermywealth.com is of the view that one may see more upside in Andhra Bank and recommends selling Vedanta.

  • Buy Colgate, Bharat Forge; sell Andhra Bank, Amara Raja Batteries: Mitessh Thakkar Sep 08, 2017 09:54 AM IST

    Buy Colgate, Bharat Forge; sell Andhra Bank, Amara Raja Batteries: Mitessh Thakkar

    Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Colgate Palmolive and Bharat Forge and sell Andhra Bank and Amara Raja Batteries.

  • UBI, Andhra Bank, OBC, Indian Bank, BoB to get astrological support: Satish Gupta Aug 23, 2017 10:22 AM IST

    UBI, Andhra Bank, OBC, Indian Bank, BoB to get astrological support: Satish Gupta

    Banking stocks like UBI, Andhra Bank, OBC, Allahabad Bank, Indian Bank and Bank of Baroda will get astrological support, says Satish Gupta of astrostocktips.

  • Exit Andhra Bank around Rs 70: Prakash Gaba Aug 07, 2017 03:01 PM IST

    Exit Andhra Bank around Rs 70: Prakash Gaba

    Prakash Gaba of prakashgaba.com is of the view that one may exit Andhra Bank around Rs 72.

  • Andhra Bank Q1 profit rises over 30% at Rs 40 cr Aug 04, 2017 09:33 PM IST

    Andhra Bank Q1 profit rises over 30% at Rs 40 cr

    Public sector lender Andhra Bank today posted over 30 percent rise in net profit at Rs 40 crore for the first quarter ended June even as bad loans increased.

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