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1 min read
FM to meet heads of merging banks on Thursday
As per the proposal, Oriental Bank of Commerce (OBC) and United Bank of India (UBI) would be merge…
PTI
1 min read
PNB says no proposal for changing bank's name
"We have requested Finance Minister that the name of the new bank to be created after amalgamation…
PTI
2 mins read
Banking union head demands that RBI nominees on LVB board should also be held liable
Terming the handing over of the 94-year-old Karur-based Lakshmi Vilas Bank (LVB) to DBS Bank India …
2 mins read
Indian government decides to merge ten public sector banks to form four large entities
Indian finance minister Nirmala Sitharaman today announced the merger of ten state-owned banks into…
1 min read
Karnam Sekar retires as Indian Overseas Bank MD & CEO
Karnam had joined the bank as an OSD (officer on special duty) and whole-time director on April 1,…
PTI
2 mins read
Govt closely monitoring agriculture credit given by banks: FM
"Credit limit has been expanded. I am sure it is based on local ground level requirement...we expe…
PTI
1 min read
Bank of Baroda posts Q4 net profit of Rs 506 cr
On asset front, Bank of Baroda witnessed slight improvement as the gross non-performing assets (NPA…
PTI
2 mins read
What is NSDL service?
Securities can be explained as financial assets that can be traded. This means that securiti…
1 min read
Banks' merger to come into effect from Apr 1, says Sitharaman
United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank; Syndic…
PTI
3 mins read
10 state-owned banks announce share swap ratios for mergers
A Grievance Redressal Committee headed by Vijay Kumar Vyas, retired judge of Rajasthan High Court, …
PTI
3 mins read
8 state-owned banks announce share swap ratios for mergers
A Grievance Redressal Committee headed by Vijay Kumar Vyas, retired judge of Rajasthan High Court,…
PTI
2 mins read
Efforts of banks under PCA frameworks are being monitored: RBI Governor
Last year in August, the government announced the consolidation of ten public sector banks (PSBs) i…
PTI
2 mins read
10 out of 21 government banks do not have a woman director
For a long time, India’s private banking sector has been led by women even when it wasn’t a law. …
2 mins read
Mega bank consolidation on track; to take effect from April 1: FM
The merger will result in creation of seven large PSBs with scale and national reach, with each ama…
PTI
2 mins read
The Indian government has finally appointed the CEOs of 10 “head-less” public-sector banks
Not only have India’s public-sector banks had to contend with the lion’s share of the banking secto…
2 mins read
The chairman of India’s largest bank has said that it shouldn’t absorb any more banks
SBI is India’s largest bank, holding a little under a quarter of all the assets in the banking…
1 min read
Bank of Baroda shares trim most of early gains; close over 2 pc higher
Effective April 1, 2019, the bank amalgamated Dena Bank and Vijaya Bank with it. The numbers for th…
PTI
1 min read
Bank of Baroda reports Rs 1,407 cr loss for Q3
Mumbai, Jan 24 () Bank of Baroda (BoB) on Friday reported a net loss of Rs 1,406.95 crore for Decem…
PTI
2 mins read
Bank of Baroda reports Rs 1,407 cr loss in Q3
The bank's gross NPA ratio declined to 10.43 per cent as against 10.91 per cent in the last quarte…
PTI
2 mins read
Bank of Baroda posts Rs 507 cr profit in Q4 on lower bad loans provision
As per the filing to exchanges, the bank' standalone profit stood at Rs 506.59 crore in the January…