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Union Bank to sell 8 troubled accounts worth Rs 3,000 cr to bad bank NARCL

Union Bank of India on Friday said it has identified eight troubled accounts worth Rs 3,000 crore t…

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Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality

The Bank of Maharashtra (BoM) has emerged as the top performer among state-owned lenders in terms o…

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Capital Small Finance Bank closes 7% below issue price on market debut

Capital Small Finance Bank’s stock slipped 7% on its debut on Wednesday morning. The stock listed a…

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Govt may not announce capital infusion for PSU banks in Budget 2023-24

The government last provided capital support to banks in 2021-22. It had earmarked Rs 20,000 crore …

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Capital Small Finance Bank IPO to open on Feb 7, sets price band at ₹445-468/sh

The initial public offer of Capital Small Finance Bank will open on February 7 and close on Februar…

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Loans worth ₹10,09,511 crores written off in last five financial years: Sitharaman

Scheduled commercial banks have written off loans amounting to Rs 10,09,511 crore in the last five …

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PSU bank stocks on a high with room to play

Indian public sector bank stocks have been rallying for the last three sessions – even as the broad…

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Indian banks to issue bonds to maintain capital levels: CARE Ratings

With credit off-take increasing, Indian banks are expected to issue bonds to maintain their capital…

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Bank unions strongly oppose divestment, a bad bank and threaten to strike

Banking unions aren’t happy with the government’s plans to divest stake in public sector banks (PSB…

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I belong to middle class, understand their pressures: Sitharaman before Budget

"I too belong to the middle class so I can understand the pressures of the middle class. I identify…

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PSU banks near all time high as analysts expect a rerun of 2004-05 corporate capex cycle

Public sector banks are among the top performers on the stock exchanges with valuations reaching al…

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Union Bank net loss narrows to Rs 2,503 cr in Mar quarter

"Accordingly, the bank, as a prudential measure, has made harmonisation provisioning in its books …

PTI   


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Indian banks will now have more cash to lend for more reasons than one

The Finance Minister today gave a shot in the arm for public sector banks. They will be given ₹70,0…

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City Union Bank reports Rs 95.25 cr loss for Mar quarter

"The bank, based on available information at this point of time and as a prudent measure, has made…

PTI   


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Union Bank of India Q3 net zooms to Rs 575 cr as bad loans shrink

Gross non-performing assets (NPAs) fell to 14.86 per cent (Rs 49,923.58 crore) of gross advances b…

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Union Bank expects Rs 2,500 cr benefits due to amalgamation : CEO Rajkiran Rai G

Rai further said there was a plan to introduce new loan products for customers of the amalgamated e…

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More pension for bank employees to overseas listing roadmap — these are the highlights from Finance Minister Nirmala Sitharaman's EASE 4.0 address

EASE 4.0 is the fourth edition of the Indian government’s Enhanced Access and Service Excellence…

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Union Bank of India Q3 net profit zooms to Rs 575 cr on higher recoveries, interest income

"In this particular quarter (Q3) we were helped by good recoveries of Rs 2,000 crore from Essar St…

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Smaller public sector banks will be mentored by big brothers for smooth transition before consolidation

But before this merger plan, the large banks are going to handhold the weaklings for 6-12 months be…

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India's banking stocks are on fire after top court allows them to call out bad loans

Indian banks are rallying on the stock market after the Supreme Court’s judgement on the loan morat…