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  • Govt to fill vacant post of chairman in 9 PSBs soon Mar 26, 2016 12:38 PM IST

    Govt to fill vacant post of chairman in 9 PSBs soon

    A senior Finance Ministry official told PTI that the process to fill vacancies of non-executive chairman in nine state-run banks is underway.

  • Stocks in news: Cadila, Edelweiss, Kalpataru, PNB Gilts, GVK Mar 23, 2016 08:17 AM IST

    Stocks in news: Cadila, Edelweiss, Kalpataru, PNB Gilts, GVK

    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.

  • Andhra Bank to raise Rs 136 cr by issuing shares to LIC Mar 22, 2016 08:56 AM IST

    Andhra Bank to raise Rs 136 cr by issuing shares to LIC

    The decision was taken at the Extra-Ordinary General Meeting of shareholders of the bank held.

  • Muthoot Microfin to divest 15% stake for 150 cr Mar 18, 2016 07:00 PM IST

    Muthoot Microfin to divest 15% stake for 150 cr

    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.

  • Banks stocks in focus after Crisil downgrades 8 PSBs Mar 11, 2016 09:04 AM IST

    Banks stocks in focus after Crisil downgrades 8 PSBs

    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'.

  • Stocks in news: Sun Pharma, Crompton, United Spirits, DLF, HDIL Mar 11, 2016 08:02 AM IST

    Stocks in news: Sun Pharma, Crompton, United Spirits, DLF, HDIL

    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.

  • Crisil downgrades 8 PSBs, gives 'negative' rating to 5 others Mar 10, 2016 09:00 PM IST

    Crisil downgrades 8 PSBs, gives 'negative' rating to 5 others

    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

  • Consolidation of banks may be what the economy needs: Experts Mar 07, 2016 01:47 PM IST

    Consolidation of banks may be what the economy needs: Experts

    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.

  • Hold Andhra Bank;target of Rs 47: Sharekhan Mar 04, 2016 12:44 PM IST

    Hold Andhra Bank;target of Rs 47: Sharekhan

    Sharekhan has recommended hold rating on Andhra Bank with a target price of Rs 47 in its research report dated February 25, 2016.

  • SBI, Indian Bank employees to participate in Feb 29 strike Feb 27, 2016 11:30 AM IST

    SBI, Indian Bank employees to participate in Feb 29 strike

    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.

  • Andhra Bank to raise Rs 136 cr from LIC via preferential issue Feb 27, 2016 11:28 AM IST

    Andhra Bank to raise Rs 136 cr from LIC via preferential issue

    Public sector lender Andhra Bank will issue over 2.88 crore equity shares to LIC for a total consideration of Rs 136.5 crore.

  • Stocks in news: SBI, Tata Steel, United Spirits, Unitech, Wipro Feb 26, 2016 08:18 AM IST

    Stocks in news: SBI, Tata Steel, United Spirits, Unitech, Wipro

    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.

  • IVRCL soars 9.5% on approval of SDR conversion package by JLF Feb 25, 2016 11:47 AM IST

    IVRCL soars 9.5% on approval of SDR conversion package by JLF

    "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.

  • Buy SRF, Reliance Cap; short Andhra Bank: Amit Harchekar Feb 19, 2016 04:24 PM IST

    Buy SRF, Reliance Cap; short Andhra Bank: Amit Harchekar

    Amit Harchekar, Chief Technical Strategist at A PLUS Analytics recommends buying SRF, Indiabulls Real Estate and Reliance Capital and advises shorting Andhra Bank.

  • Andhra Bank restructures loans worth Rs 13,644 cr as on Dec'15 Feb 18, 2016 10:20 PM IST

    Andhra Bank restructures loans worth Rs 13,644 cr as on Dec'15

    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.

  • Andhra Bank profit slides 83% to Rs 34.46 cr Feb 12, 2016 02:24 PM IST

    Andhra Bank profit slides 83% to Rs 34.46 cr

    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.

  • Provogue lenders invoke strategic debt restructuring in firm Feb 10, 2016 07:36 AM IST

    Provogue lenders invoke strategic debt restructuring in firm

    "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.

  • Bull's Eye: Sell Jet, Wockhardt; buy Titan, NMDC, Exide Feb 05, 2016 08:00 AM IST

    Bull's Eye: Sell Jet, Wockhardt; buy Titan, NMDC, Exide

    Vishal Malkan of malkansview.com is of the view that one may buy Shriram Transport with a target of Rs 890.

  • Govt to infuse about Rs 5,000 cr in PSU banks this quarter Feb 03, 2016 01:28 PM IST

    Govt to infuse about Rs 5,000 cr in PSU banks this quarter

    "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.

  • Banks to need Rs 3.5 lk cr extra provisioning over 3-4 yr: Pros Jan 16, 2016 04:44 PM IST

    Banks to need Rs 3.5 lk cr extra provisioning over 3-4 yr: Pros

    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.

  • IndiaFirst Life enters pension space, launches retirement plan Jan 12, 2016 11:42 AM IST

    IndiaFirst Life enters pension space, launches retirement plan

    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.

  • Like Britannia; HUL, PSU banks, telecom look weak: Prakash Gaba Jan 07, 2016 12:07 PM IST

    Like Britannia; HUL, PSU banks, telecom look weak: Prakash Gaba

    Prakash Gaba of prakashgaba.com likes Britannia Industries and feels that Hindustan Unilever, PSU banks and telecom stocks look weak.

  • Citigroup Global buys 33.12 lakh shares of Andhra Bank Jan 01, 2016 08:29 AM IST

    Citigroup Global buys 33.12 lakh shares of Andhra Bank

    On December 31, 2015 Citigroup Global Markets Mauritius Pvt Ltd bought 33,12,000 shares of Andhra Bank.

  • Improvement in eco, capacity to help improve NPAs: Pros Dec 19, 2015 04:02 PM IST

    Improvement in eco, capacity to help improve NPAs: Pros

    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.

  • Sell Allahabad Bank, Andhra Bank, BoB: Sudarshan Sukhani Dec 09, 2015 11:45 AM IST

    Sell Allahabad Bank, Andhra Bank, BoB: Sudarshan Sukhani

    Sudarshan Sukhani of s2analytics.com recommends selling Allahabad Bank, Andhra Bank and Bank of Baroda.

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