Sep 29, 2015 02:15 PM IST
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.
- Sep 29, 2015 12:00 PM IST
Base rate is the minimum rate below which a bank can't lend to consumers.
- Sep 24, 2015 07:15 PM IST
The shareholders' nod for issuance of preferential shares was received in a meeting held today.
- Sep 22, 2015 09:44 AM IST
Shubham Agarwal of Motilal Oswal Securities is of the view that UCO Bank may test Rs 50 and Andhra Bank may test Rs 75.
- Aug 31, 2015 03:09 PM IST
According to Pritesh Mehta of IIFL, one can buy Andhra Bank for a target of Rs 74.
- Aug 26, 2015 05:59 PM IST
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.
- Aug 20, 2015 07:59 PM IST
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.
- Aug 19, 2015 05:07 PM IST
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.
- Aug 19, 2015 04:13 PM IST
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.
- Aug 18, 2015 09:52 PM IST
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.
- Aug 17, 2015 07:20 AM IST
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.
- Aug 16, 2015 07:45 PM IST
"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.
- Aug 12, 2015 07:03 PM IST
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.
- Jul 30, 2015 03:49 PM IST
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.
- Jul 27, 2015 10:42 AM IST
According to Sudarshan Sukhani of s2analytics.com, one may short Andhra Bank.
- Jul 27, 2015 10:37 AM IST
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.
- Jul 27, 2015 09:41 AM IST
Sudarshan Sukhani of s2analytics.com is of the view that one may short Canara Bank as the stock is on the verge of breakdown.
- Jul 27, 2015 09:04 AM IST
While Lupin is in news for its new acquisition, RIL, Havells, BEL ride high on good June quarter earnings.
- Jul 27, 2015 08:11 AM IST
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.
- Jul 25, 2015 03:02 PM IST
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.
- Jul 10, 2015 08:16 AM IST
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.
- Jul 06, 2015 10:21 AM IST
Sudarshan Sukhani of s2analytics.com is of the view that Allahabad Bank, Canara Bank and Andhra Bank may fall.
- Jul 03, 2015 07:31 PM IST
The money loaded in the mobile wallet can be transferred to a bank account and even withdrawn at bank branches or at BSNL outlets.
- Jul 01, 2015 02:16 PM IST
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.
- Jun 23, 2015 09:00 AM IST
Here's a list of top 10 buzzing stocks in news mostly due to their delivery status, deals etc.