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Public Banks In "Real Danger Of Privatisation": Bank Officers Body
All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.
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PNB Chief Says Bank Has Exposure To Adani Group, But Not A Matter Of Worry
Punjab National Bank has a total exposure of 70 billion rupees to Adani Group, but there is currently no worry pertaining to those accounts, the state-run lender's managing director and chief executive said on Monday.
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Sensex, Nifty Slip As Bajaj Finance Weighs; State-Run Banks Climb
Indian stock indices inched lower on Monday, weighed down by financials and auto stocks, while state-owned lenders pushed higher after a batch of strong quarterly results.
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Bank Of India Profit Soars 100% To Rs 1,051 Crore In September Quarter
Bank Of India Q2 Results: The state-run lender's net interest income (NII) stood at Rs.3,523 crore in the September quarter, compared to Rs 3,144 crore in the same quarter last year
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Union Bank Of India Cuts Home Loan Rates To 6.40%: Check Features
Union Bank of India home loan rate: The reduced rate of 6.40 per cent will come into effect from October 27, 2021, said the state-run lender in a statement today
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RBI Removes UCO Bank Out Of Corrective Action List After 4 Years
Reserve Bank of India found that the state-run lender, UCO Bank was not in breach of its rules on regulatory capital, bad loans, and leverage ratio and lifted the PCA framework restrictions
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Private Lenders Likely To Outperform State-Run Banks in India's Recovery
One metric is key -- private sector banks' market share in terms of loans surged about 36 per cent in 2020 from about 21 per cent five years ago
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Nationwide Bank Strike Impacts State-Run Lenders' Services On Day 2
United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.
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Select State-Run Lenders Rally On Report Of Potential Privatisation
Shares of Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra rallied as much as 20 per cent
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Sensex Closes 695 Points Lower As Markets Recede From Record Highs
While investors in recent weeks have shifted money away from early pandemic winners such as pharmaceuticals and IT into metals, automotive and private-sector banks, state-run lenders have been laggards.
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Sensex, Nifty Off Day's Highs; IT Stocks Gain, State-Run Lenders Fall
Mid- and small-cap shares were trading on a subdued note as Nifty Midcap 100 index rose 0.3 per cent while Nifty Smallcap 100 index was trading on a flat note.
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Want To Open A Fixed Deposit Account? Top Banks Pay These Returns Now
Fixed Deposit Interest Rate: Commercial banks, from the likes of state-run SBI - the country's largest lender by assets - to private sector lender HDFC Bank, its largest in terms of market value, provide a variety of maturity options for fixed deposits, starting from as short as seven days to as long as 10 years.
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India May Need To Pump Rs 1.5 Lakh Crore Into Coronavirus-Hit State Banks: Report
A nationwide lockdown entering its third month is expected to lead to a contraction in economic growth in the current financial year, according to several global rating agencies.
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4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
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State-Run Lenders Hit By Frauds Of Rs 1.17 Lakh Crore In April-December
SBI reported 4,769 cases of banking frauds worth Rs 30,300 crore during the nine-month period ended December 2019.
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Public Banks In "Real Danger Of Privatisation": Bank Officers Body
All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.
-
PNB Chief Says Bank Has Exposure To Adani Group, But Not A Matter Of Worry
Punjab National Bank has a total exposure of 70 billion rupees to Adani Group, but there is currently no worry pertaining to those accounts, the state-run lender's managing director and chief executive said on Monday.
-
Sensex, Nifty Slip As Bajaj Finance Weighs; State-Run Banks Climb
Indian stock indices inched lower on Monday, weighed down by financials and auto stocks, while state-owned lenders pushed higher after a batch of strong quarterly results.
-
Bank Of India Profit Soars 100% To Rs 1,051 Crore In September Quarter
Bank Of India Q2 Results: The state-run lender's net interest income (NII) stood at Rs.3,523 crore in the September quarter, compared to Rs 3,144 crore in the same quarter last year
-
Union Bank Of India Cuts Home Loan Rates To 6.40%: Check Features
Union Bank of India home loan rate: The reduced rate of 6.40 per cent will come into effect from October 27, 2021, said the state-run lender in a statement today
-
RBI Removes UCO Bank Out Of Corrective Action List After 4 Years
Reserve Bank of India found that the state-run lender, UCO Bank was not in breach of its rules on regulatory capital, bad loans, and leverage ratio and lifted the PCA framework restrictions
-
Private Lenders Likely To Outperform State-Run Banks in India's Recovery
One metric is key -- private sector banks' market share in terms of loans surged about 36 per cent in 2020 from about 21 per cent five years ago
-
Nationwide Bank Strike Impacts State-Run Lenders' Services On Day 2
United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.
-
Select State-Run Lenders Rally On Report Of Potential Privatisation
Shares of Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra rallied as much as 20 per cent
-
Sensex Closes 695 Points Lower As Markets Recede From Record Highs
While investors in recent weeks have shifted money away from early pandemic winners such as pharmaceuticals and IT into metals, automotive and private-sector banks, state-run lenders have been laggards.
-
Sensex, Nifty Off Day's Highs; IT Stocks Gain, State-Run Lenders Fall
Mid- and small-cap shares were trading on a subdued note as Nifty Midcap 100 index rose 0.3 per cent while Nifty Smallcap 100 index was trading on a flat note.
-
Want To Open A Fixed Deposit Account? Top Banks Pay These Returns Now
Fixed Deposit Interest Rate: Commercial banks, from the likes of state-run SBI - the country's largest lender by assets - to private sector lender HDFC Bank, its largest in terms of market value, provide a variety of maturity options for fixed deposits, starting from as short as seven days to as long as 10 years.
-
India May Need To Pump Rs 1.5 Lakh Crore Into Coronavirus-Hit State Banks: Report
A nationwide lockdown entering its third month is expected to lead to a contraction in economic growth in the current financial year, according to several global rating agencies.
-
4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
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State-Run Lenders Hit By Frauds Of Rs 1.17 Lakh Crore In April-December
SBI reported 4,769 cases of banking frauds worth Rs 30,300 crore during the nine-month period ended December 2019.
