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  • Home, auto loans to cost less as RBI cuts rate by 0.50% Sep 29, 2015 02:15 PM IST

    Home, auto loans to cost less as RBI cuts rate by 0.50%

    In its fourth bi-monthly monetary policy for the current fiscal, RBI cut benchmark repurchase (repo) rate from 7.25 percent to 6.75 percent, lowest in four-and-half-years.

  • Andhra Bank cuts base rate by 25 bps to 9.75% Sep 29, 2015 12:00 PM IST

    Andhra Bank cuts base rate by 25 bps to 9.75%

    Base rate is the minimum rate below which a bank can't lend to consumers.

  • SBI gets shareholders nod for raising Rs 5,393 cr from govt Sep 24, 2015 07:15 PM IST

    SBI gets shareholders nod for raising Rs 5,393 cr from govt

    The shareholders' nod for issuance of preferential shares was received in a meeting held today.

  • UCO Bank can test Rs 50, Andhra Bank Rs 75: Shubham Agarwal Sep 22, 2015 09:44 AM IST

    UCO Bank can test Rs 50, Andhra Bank Rs 75: Shubham Agarwal

    Shubham Agarwal of Motilal Oswal Securities is of the view that UCO Bank may test Rs 50 and Andhra Bank may test Rs 75.

  • Buy Andhra Bank, target Rs 74: Pritesh Mehta Aug 31, 2015 03:09 PM IST

    Buy Andhra Bank, target Rs 74: Pritesh Mehta

    According to Pritesh Mehta of IIFL, one can buy Andhra Bank for a target of Rs 74.

  • LIC buys addl 2.19% stake in Andhra Bk in 4 yrs to Aug 2015 Aug 26, 2015 05:59 PM IST

    LIC buys addl 2.19% stake in Andhra Bk in 4 yrs to Aug 2015

    After the acquisition, LIC's total stake in Andhra Bank now stands at 11.48 percent, the bank said in a filing to the BSE.

  • Govt issues norms for selection of CEOs of smaller PSBs Aug 20, 2015 07:59 PM IST

    Govt issues norms for selection of CEOs of smaller PSBs

    As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.

  • Andhra Bank to raise Rs 3,000 crore in FY16: MD Aug 19, 2015 05:07 PM IST

    Andhra Bank to raise Rs 3,000 crore in FY16: MD

    For the first quarter ended June 30, 2015, Andhra Bank registered 89.2 percent jump in net profit at Rs 202.52 crore from Rs 107.00 crore registered during the same period of the previous year. For the financial year ended March 31, 2015, the bank's net profit stood at Rs 638.44 crore.

  • Not facing issues with lenders; will lower debt: Amtek Auto Aug 19, 2015 04:13 PM IST

    Not facing issues with lenders; will lower debt: Amtek Auto

    The company also has huge debt on its books, but Gautam Malhotra of Amtek Auto says he is exploring various options to reduce the same and expects to lower it by up to Rs 2,000 crore in the next two years.

  • Andhra Bank's ED Satish Kalra gets additional charge as CMD Aug 18, 2015 09:52 PM IST

    Andhra Bank's ED Satish Kalra gets additional charge as CMD

    Satish Kumar Kalra, who served the bank as its Executive Director, was entrusted additional charge of Managing Director and CEO, after the position fell vacant following superannuation of C V R Rajendran who had served the bank as its Chairman and Managing Director.

  • Stocks in news: SBI, HDFC, Cipla, Punj Lloyd, MOIL, RComm Aug 17, 2015 07:20 AM IST

    Stocks in news: SBI, HDFC, Cipla, Punj Lloyd, MOIL, RComm

    SBI | HDFC | Cipla | PNB | BoB | Canara Bank | IDBI Bank | United Bank | Bank of India | Tata Motors | IOC | Reliance Communications | Monnet Ispat | Amara Raja Batteries | Pipavav Defence | Bhushan Steel | Suven Life | Gitanjali | Puravankara | Punj Lloyd | Manappuram Finance | Amtek Auto and JMT Auto are stocks, which are in the news today.

  • CEOs in remaining PSBs from public sector talent pool: Govt Aug 16, 2015 07:45 PM IST

    CEOs in remaining PSBs from public sector talent pool: Govt

    "For five large banks we had different procedure. For remaining banks we are going to hire from the pool of executive directors of the public sector banks itself," Financial Services Secretary Hasmukh Adhia told PTI.

  • Pay I-T dues in advance at RBI or authorised bank branches Aug 12, 2015 07:03 PM IST

    Pay I-T dues in advance at RBI or authorised bank branches

    The RBI said it becomes difficult for the regulator to cope with the pressure of issuing receipts despite provision for additional counters to the maximum possible extent.

  • Buy Andhra Bank; target of Rs 135: SPA Research Jul 30, 2015 03:49 PM IST

    Buy Andhra Bank; target of Rs 135: SPA Research

    SPA Research is bullish on Andhra Bank and has recommended buy rating on the stock with a target price of Rs 135 in its research report dated July 30, 2015.

  • Sell Andhra Bank, says Sudarshan Sukhani Jul 27, 2015 10:42 AM IST

    Sell Andhra Bank, says Sudarshan Sukhani

    According to Sudarshan Sukhani of s2analytics.com, one may short Andhra Bank.

  • Asset quality to improve in coming quarter: Andhra Bank Jul 27, 2015 10:37 AM IST

    Asset quality to improve in coming quarter: Andhra Bank

    The bank is aiming for below 5 percent gross non-performing asset by year end and also maintain its net interest margin at 3 percent year on year, SK Kalra, Executive Director, Andhra Bank told CNBC-TV18.

  • Short Canara Bank, on verge of breakdown: Sudarshan Sukhani Jul 27, 2015 09:41 AM IST

    Short Canara Bank, on verge of breakdown: Sudarshan Sukhani

    Sudarshan Sukhani of s2analytics.com is of the view that one may short Canara Bank as the stock is on the verge of breakdown.

  • Top 10: Lupin acquires 6th company; RIL, Sun TV in focus Jul 27, 2015 09:04 AM IST

    Top 10: Lupin acquires 6th company; RIL, Sun TV in focus

    While Lupin is in news for its new acquisition, RIL, Havells, BEL ride high on good June quarter earnings.

  • Stocks in news: RIL, Lupin, Tata Motors, Zee, Persistent Jul 27, 2015 08:11 AM IST

    Stocks in news: RIL, Lupin, Tata Motors, Zee, Persistent

    Reliance Industries | Lupin | Tata Motors | Zee Entertainment | TVS Motor | Sun Pharma | Sequent Scientific | TCS | Power Finance Corporation | Jayshree Tea | OBC | Sun TV Network | Pfizer | Relaxo Footwears | Persistent Systems | Andhra Bank | IOB | Bharat Electronics | JMT Auto and Geojit BNP Paribas are stocks, which are in the news today.

  • Andhra Bank Q1 net up 89.27% at Rs 202.52 crore Jul 25, 2015 03:02 PM IST

    Andhra Bank Q1 net up 89.27% at Rs 202.52 crore

    Andhra Bankon Saturday reported a 89.27 percent jump in Net profit at Rs 202.52 crore for the first quarter ended June 30, 2015, on improved asset quality.

  • Stocks in news: TCS, ICICI, Wipro, Novartis, Adani Ports Jul 10, 2015 08:16 AM IST

    Stocks in news: TCS, ICICI, Wipro, Novartis, Adani Ports

    TCS | Infosys | ICICI Bank | Wipro | Novartis | Adani Ports | MRPL | IOC | Clariant Chemicals | ITC | Kopran | GSFC | Tata Steel | RS Software | Aditya Birla Nuvo | Monnet Ispat and JSW Energy are stocks, which are in the news today.

  • Allahabad Bank, Canara Bank, Andhra Bank may fall: Sukhani Jul 06, 2015 10:21 AM IST

    Allahabad Bank, Canara Bank, Andhra Bank may fall: Sukhani

    Sudarshan Sukhani of s2analytics.com is of the view that Allahabad Bank, Canara Bank and Andhra Bank may fall.

  • BSNL launches mobile wallet with cash withdrawal option Jul 03, 2015 07:31 PM IST

    BSNL launches mobile wallet with cash withdrawal option

    The money loaded in the mobile wallet can be transferred to a bank account and even withdrawn at bank branches or at BSNL outlets.

  • Accountability for allocated capital important: Andhra Bank Jul 01, 2015 02:16 PM IST

    Accountability for allocated capital important: Andhra Bank

    VR Rajendran, Former CMD, Andhra Bank spoke of his expectation from the govenment's bank capitalization plan. He stresses on bringing efficiency parameters that will result in improving performance of banks.

  • Here are top 10 stocks that are buzzing today Jun 23, 2015 09:00 AM IST

    Here are top 10 stocks that are buzzing today

    Here's a list of top 10 buzzing stocks in news mostly due to their delivery status, deals etc.

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