Punjab National Bank And Idbi Bank

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  Government To Make Capital Infusion In PSU Banks Soon: Report

  The Finance Ministry has finalized plan for the first round of capital infusion for public sector banks and funds would be granted to some of the lenders within next few weeks.

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  Government To Fill Vacant Post Of Chairman In 9 PSU Banks Soon

  The Finance Ministry is in the process of filling vacant post of non-executive chairman in nine public sector banks, including Punjab National Bank, Oriental Bank of Commerce, UCO Bank and Corporation Bank.

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  Norms May Be Relaxed for Appointment of Chiefs in 5 PSU Banks: Report

  The Finance Ministry may relax the eligibility criteria for selection of chief executive officers (CEOs) and managing directors (MDs) of five public sector banks if applicants in the ongoing selection process fail to pass muster with the Reserve Bank of India's scrutiny.

• PSU Banks Wrote Off Rs 34,000 Crore Loan in FY14: Jayant Sinha

  Public sector lenders including State Bank of India (SBI), Punjab National Bank (PNB) and Central Bank of India, have written off about Rs 34,000 crore, including one-time settlement, during 2013-14, which constitutes 34 per cent of the total non-performing assets (NPAs).

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  DDA Housing Finance Schemes: 10 Things You Must Know

  The DDA has authorised 13 banks to sell application forms for its residential scheme. These banks are State Bank of India, Punjab National Bank, Syndicate Bank, Union Bank of India, IDBI Bank, Corporation Bank, Central Bank of India, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, ICICI Bank, Yes Bank and HDFC Bank. Most of these lenders have come o...

• Lenders Look to Expedite Asset Sale of Debt-Hit Lanco Group: Report

  Lenders to Lanco Infratech, which is bogged down by mounting debts, are looking to expedite asset sales and release of priority loans, among other options, to improve the group's "precarious" financial position.

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  Vijay Mallya to Challenge Wilful Defaulter Tag, but May Face Turbulent Days

  IDBI Bank is considering declaring Mallya a "wilful defaulter", the bank's chairman MS Raghavan told Reuters yesterday. State Bank of India and Punjab National Bank are among other big lenders who have given loan to the grounded carrier, which has not flown since October 2012.

• RBI slaps Rs 6.5 cr penalty on 6 banks for violating norms

  Dena Bank has been slapped a penalty of Rs 2 crore while a Rs 1.5 crore fine has been imposed on Corporation Bank. IDBI Bank and Indian Bank have been slapped with penalty of Rs 1 crore each, whereas Allahabad Bank and Bank of Maharashtra have been fined Rs 50 lakh each.

• Public-sector banks continue downslide in Q4, private banks shine again

  According to analysts, private banks continued to outshine their public sector peers on both profitability and asset quality in the January-March quarter, highlighting yet again poor risk management and recovery of the government-owned lenders.

• Dena Bank, Union Bank cut lending rate by up to 0.25 per cent

  Dena Bank and Union Bank of India today reduced benchmark lending rate by up to 0.25 per cent, making loans including home and corporate cheaper for borrowers.

• Corporation Bank cuts lending rate by 0.25 per cent

  State-owned Corporation Bank today reduced benchmark lending rate by 0.25 per cent to 10.25 per cent, making loans including home and corporate cheaper for borrowers.

• Bank of Maharashtra cuts lending rate by 0.25 per cent

  State owned Bank of Maharashtra (BoM) today slashed benchmark lending rate by 0.25 per cent to 10.25 per cent, making loans including home and corporate cheaper for borrowers.

• Bank of Maharashtra cuts lending rate by 0.25 per cent

  State owned Bank of Maharashtra (BoM) today slashed the benchmark lending rate by 0.25 per cent to 10.25 per cent, making loans including home and corporate cheaper for borrowers.

• Indian Bank, OBC, Citi cut lending rates by up to 0.3 per cent

  Three banks, Oriental Bank of Commerce, Indian Bank and Citi Bank, today reduced their lending rates by up to 0.3 per cent, making home, auto and corporate loans cheaper for borrowers.

• Fitch lowers outlook on SBI, ICICI Bank, 9 other financial institutions

  The rating action follows Fitch's revision of India's credit outlook to negative from stable earlier this week.