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  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Gold Bond Scheme makes Rs 246 cr, RBI issues certificates Dec 01, 2015 09:39 PM IST

    Gold Bond Scheme makes Rs 246 cr, RBI issues certificates

    "First tranche of Sovereign Gold Bonds 2015-16 receives good response. Total subscription denominated in units of gold was 9,15,953 grams amounting to Rs 246 crore," RBI said.

  • Buy Andhra Bank; target of Rs 118: SPA Securities Nov 19, 2015 11:50 AM IST

    Buy Andhra Bank; target of Rs 118: SPA Securities

    SPA Securities is bullish on Andhra Bank and has recommended buy rating on the stock with a target of Rs 118 in its November 18, 2015 research report.

  • Andhra Bank seeks to sell $209 mn worth bad loans to ARCs Nov 09, 2015 11:45 AM IST

    Andhra Bank seeks to sell $209 mn worth bad loans to ARCs

    Andhra Bank on Saturday reported a 74 percent increase in its second-quarter net profit to 2.51 billion rupees from a year earlier. Its gross bad loan ratio eased to 5.71 percent from 5.75 percent in the first quarter.

  • Andhra Bank Q2 net jumps 74% to Rs 251 crore Nov 09, 2015 09:49 AM IST

    Andhra Bank Q2 net jumps 74% to Rs 251 crore

    The bank's net profit during the same quarter last fiscal was Rs 144 crore. "Bank's total income increased by Rs 7.2 percent to Rs 4,744 crore during the quarter under discussion against Rs 4,424 crore in the second quarter of financial year 2015," Andhra Bank MD and Chief Executive Suresh N Patel told reporters here.

  • Govt appoints MDs of four PSU banks Nov 03, 2015 03:46 PM IST

    Govt appoints MDs of four PSU banks

    The government has appointed MDs of four public lenders, including UCO Bank, Corporation Bank and Andhra Bank.

  • Bank of Maha gets nod to raise Rs 394 cr by equity shares Oct 07, 2015 11:34 AM IST

    Bank of Maha gets nod to raise Rs 394 cr by equity shares

    Last week, eight public sector banks, including SBI, Punjab National Bank and Bank of Baroda, had allotted equity shares on preferential basis to the government against capital infusion of Rs 13,955 crore.

  • RBI rate cut to boost realty demand: BofAML Oct 01, 2015 07:07 PM IST

    RBI rate cut to boost realty demand: BofAML

    "A 0.50 percent rate cut, if transmitted to mortgage rate, would be equivalent to 3-4 per cent reduction in housing prices," it said in a note, two days after RBI surprised with a 0.50 percent cut in repo rates.

  • State lenders PNB, BoB, OBC cut base rate by up to 0.40% Sep 30, 2015 08:05 PM IST

    State lenders PNB, BoB, OBC cut base rate by up to 0.40%

    Punjab National Bank (PNB) cut the base rate by 0.40 percent, Bank of Baroda (BoB) by 0.25 percent, while Oriental Bank of Commerce (OBC) slashed the rate by 0.20 percent. "Base rate cut by 40 bps from 10 percent to 9.60 percent from October 1," PNB said in a statement.

  • State Bank Of Travancore cuts base rate by 20 bps to 9.95% Sep 30, 2015 02:23 PM IST

    State Bank Of Travancore cuts base rate by 20 bps to 9.95%

    The bank has cut its base rate from 10.15 percent to 9.95 percent effective October 5, 2015

  • Bank of India cuts base rate by 25 bps to 9.70% Sep 29, 2015 09:24 PM IST

    Bank of India cuts base rate by 25 bps to 9.70%

    The RBI on Tuesday cut the benchmark repurchase (repo) rate from 7.25 percent to 6.75 percent, lowest in four-and-half-years.

  • Base rate calculation guidelines for banks by Nov-end: RBI Sep 29, 2015 05:17 PM IST

    Base rate calculation guidelines for banks by Nov-end: RBI

    To ensure effective transmission of its policy rate decisions by banks, the RBI on September 1 had proposed a uniform methodology for computation of their base lending rates on the basis of marginal cost of funds.

  • 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.

  • 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.

  • 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.

  • 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.

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