Mar 26, 2016 12:38 PM IST
A senior Finance Ministry official told PTI that the process to fill vacancies of non-executive chairman in nine state-run banks is underway.
- Mar 23, 2016 08:17 AM IST
Cadila Healthcare | Edelweiss Financial | Triveni Engineering | Kilburn Engineering | Navin Fluorine | Alok Industries | Adani Transmission | Shree Renuka Sugars | Kalpataru Power | Texmaco Infra | HOEC | Gallant Ispat | GVK | Tata Motors | IDBI Bank | Mahaan Foods and PNB Gilts are stocks, which are in the news today.
- Mar 22, 2016 08:56 AM IST
The decision was taken at the Extra-Ordinary General Meeting of shareholders of the bank held.
- Mar 18, 2016 07:00 PM IST
The move is part of fully hiving-off the microfin arm from the holding company Muthoot Fincorp, which is the second largest gold loan firm in the country, over the next 20-22 months, he added.
- Mar 11, 2016 09:04 AM IST
Ratings agency Crisil has downgraded its ratings on debt instruments of eight public sector banks (PSBs). It has revised its outlook on five others to 'negative' from 'stable'.
- Mar 11, 2016 08:02 AM IST
Sun Pharma | Bank of Baroda | Crompton Greaves | Bharti Airtel | Aegis Logistics | United Spirits | DLF | HDIL | Godrej Properties | InterGlobe Aviation | Skipper | Zuari Industries | Ashok Leyland | Wipro | Technocraft Industries | Linde India and Andhra Bank are stocks, which are in the news today.
- Mar 10, 2016 09:00 PM IST
The eight downgraded banks are Bank of India, Central Bank of India, Corporation Bank, Dena Bank, IDBI Bank, Indian Overseas Bank, Syndicate Bank and UCO Bank
- Mar 07, 2016 01:47 PM IST
Consolidation is part of a process to essentially create a more sustainable financial burden and eventually hopefully redefine relationship between the government and the nationalised banks, says Leo Puri, Managing Director of UTI AMC.
- Mar 04, 2016 12:44 PM IST
Sharekhan has recommended hold rating on Andhra Bank with a target price of Rs 47 in its research report dated February 25, 2016.
- Feb 27, 2016 11:30 AM IST
In a filing to the BSE, State Bank of India (SBI) said, "All India State Bank Officers' Federation (AISBOF) being affiliated to AIBOC, will also participate in the strike.
- Feb 27, 2016 11:28 AM IST
Public sector lender Andhra Bank will issue over 2.88 crore equity shares to LIC for a total consideration of Rs 136.5 crore.
- Feb 26, 2016 08:18 AM IST
SBI | ICICI Bank | PNB | Tata Steel | United Spirits | Kridhan Infra | RCF | Unitech | Wipro | Chambal Fertilisers | BASF | Chembond Chemicals | GVK Power | GMR Infrastructure | Orient Beverages | Reliance Capital are stocks, which are in the news today.
- Feb 25, 2016 11:47 AM IST
"JLF, on February 23, have approved the SDR conversion package and that the lenders will convert part of the debt of the company into equity, in one or more tranches," the Hyderabad-based construction company said in its filing.
- Feb 19, 2016 04:24 PM IST
Amit Harchekar, Chief Technical Strategist at A PLUS Analytics recommends buying SRF, Indiabulls Real Estate and Reliance Capital and advises shorting Andhra Bank.
- Feb 18, 2016 10:20 PM IST
As part of its balancesheet clean-up exercise, state-owned Andhra Bank has restructured 190 accounts having outstanding loans of over Rs 13,643.51
crore as on December 31, 2015.
- Feb 12, 2016 02:24 PM IST
Total income increased to Rs 4,801.4 crore for the quarter from Rs 4,540.61 crore for the quarter ended December 31, 2014, it said in a BSE filing.
- Feb 10, 2016 07:36 AM IST
"Andhra Bank, the leader of consortium of lenders, has informed the company that at the Joint Lenders Forum (JLF) meeting held on January 25, 2016, the lenders have invoked Strategic Debt Restructuring (SDR) in the company and adopted the 'Reference Date' for the purpose as January 25, 2016," the company said in a BSE filing.
- Feb 05, 2016 08:00 AM IST
Vishal Malkan of malkansview.com is of the view that one may buy Shriram Transport with a target of Rs 890.
- Feb 03, 2016 01:28 PM IST
"As committed, banks will get fund infusion in the fourth quarter. Banks will get about Rs 5,000 crore," Financial Services Secretary Ajuly Chib Duggal said on the sidelines of an event here.
- Jan 16, 2016 04:44 PM IST
According to Pawan Agrawal of CRISIL Ratings, the cumulative provisioning today stands at roughly Rs 1.5 lakh crore and as per their analysis, there is additional provisioning requirement of Rs 3.5-4.0 lakh crore which will have to be provided for over the next 3-4 years.
- Jan 12, 2016 11:42 AM IST
IndiaFirst Guaranteed Retirement Plan is a non-linked, participating, endowment, deferred pension plan. This plan is for customers who are conscious to plan for their retirement and want to remain financially young, IndiaFirst Life Insurance Managing Director and CEO R M Vishakha said.
- Jan 07, 2016 12:07 PM IST
Prakash Gaba of prakashgaba.com likes Britannia Industries and feels that Hindustan Unilever, PSU banks and telecom stocks look weak.
- Jan 01, 2016 08:29 AM IST
On December 31, 2015 Citigroup Global Markets Mauritius Pvt Ltd bought 33,12,000 shares of Andhra Bank.
- Dec 19, 2015 04:02 PM IST
Speaking to CNBC-TV18, Mr G Padmanabhan, former Executive Director of RBI and Chairman, Bank of India says that more than the numbers, one needs to focus on capital raised and how much it can help in improving bad loan situation.
- Dec 09, 2015 11:45 AM IST
Sudarshan Sukhani of s2analytics.com recommends selling Allahabad Bank, Andhra Bank and Bank of Baroda.