Vijaya Bank
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Bad Loans Push State-Run Banks Losses To Highest-Ever In FY18: Report
For the fourth quarter alone, total losses in the state-run banks were Rs 62,681 crore - negating modest profits at Indian Bank and Vijaya Bank.
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Bankers To Go On Strike On December 26 To Oppose The Big Bank Merger
In a statement, the AIBEA said the unions in the banking sector were opposed to the merger of three banks.
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Private Banks Eating Into Retail Loans Market Share Of PSU Lenders: Report
Retail borrowers seem to be moving towards private sector lenders to meet their loan needs, ramping up their market share to 43 per cent while that of public sector banks is falling, according to a report.
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Cabinet Clears Vijaya Bank, Dena Bank, Bank Of Baroda Merger: 10 Points
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector. The merged entity will become the third largest bank in the country, after government-owned State Bank of India and private sector lende...
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Dena Bank Board Gives Nod To Merger With Vijaya Bank, Bank Of Baroda: 5 Things To Know
The development came a week after the government proposed a plan to merge the three PSU banks, to create the country's third largest lender. Dena Bank said, in a regulatory filing on Monday, that its board met on the same day and approved the merger plan.
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Vijaya Bank Q1 Profit Up 22 Per Cent at Rs 161 Crore
State-run Vijaya Bank on Monday reported a 22 per cent increase in net profit at Rs 161.46 crore for the quarter ended June 2014.
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Vijaya Bank Q4 Net Profit Down 39 Per Cent at Rs 136 Crore
Vijaya Bank on Tuesday reported a 39.3 per cent decline in net profit at Rs 135.84 crore for the fourth quarter that ended in March, 2014.
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Dena Bank, Vijaya Bank Shares Fall After Announcement Of Swap Ratios For Merger
Under the merger plan, Bank of Baroda said it would issue 110 shares of Rs 2 each for every 1,000 shares of Dena Bank worth Rs 10 each, while Vijaya Bank shareholders would get 402 Bank of Baroda shares of Rs 2 each for every 1,000 shares of Rs 10 each. Last year, the government revealed plans to merge state-run Dena Bank, Vijaya Bank and Bank of B...
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Supreme Court Rejects Plea To Stay Merger Of Three State-Owned Banks
Rejecting the plea by the staff and officers of two merging banks and their associations, the bench of Justice Rohinton Fali Nariman and Justice Vineet Saran in its order said: "No case for grant of stay."
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SBI, Canara Bank, Vijaya Bank Fail To Pay Dues, Lose Noida Properties
The Noida Authority on Wednesday said it has cancelled the allotment of properties leased to three banks and a hotel over pending dues of Rs 156.91 crore, with the SBI alone defaulting payment of Rs 144.13 crore.
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Bank Of Baroda Looks To Rationalise 800-900 Branches After Merger
There are cases where branches of three banks are at one location or one building, an official told PTI.
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No VRS After Merger, Bank Of Baroda May Have To Hire More, Says CEO Jayakumar
Bank of Baroda won’t introduce VRS for employees looking to exit after merger with state-run peers, says MD and CEO PS Jayakumar.
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Supreme Court Rejects Plea To Stay Merger Of Three State-Owned Banks
Rejecting the plea by the staff and officers of two merging banks and their associations, the bench of Justice Rohinton Fali Nariman and Justice Vineet Saran in its order said: "No case for grant of stay."
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Supreme Court Refuses To Stay Merger Of Vijaya Bank, Dena Bank With Bank Of Baroda
Supreme Court dismissed the applications filed by several bank officers’ associations for staying the merger, effective April 1.
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Government To Infuse Rs 5,042 Crore Into Bank Of Baroda
The finance ministry through its notification on Wednesday conveyed its decision to infuse capital of Rs 5,042 crore in the bank.
-
Bad Loans Push State-Run Banks Losses To Highest-Ever In FY18: Report
For the fourth quarter alone, total losses in the state-run banks were Rs 62,681 crore - negating modest profits at Indian Bank and Vijaya Bank.
-
Bankers To Go On Strike On December 26 To Oppose The Big Bank Merger
In a statement, the AIBEA said the unions in the banking sector were opposed to the merger of three banks.
-
Private Banks Eating Into Retail Loans Market Share Of PSU Lenders: Report
Retail borrowers seem to be moving towards private sector lenders to meet their loan needs, ramping up their market share to 43 per cent while that of public sector banks is falling, according to a report.
-
Cabinet Clears Vijaya Bank, Dena Bank, Bank Of Baroda Merger: 10 Points
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the merger of state-run Vijaya Bank, Bank of Baroda and Dena Bank. This marks the first-ever three-way merger in the country's banking sector. The merged entity will become the third largest bank in the country, after government-owned State Bank of India and private sector lende...
-
Dena Bank Board Gives Nod To Merger With Vijaya Bank, Bank Of Baroda: 5 Things To Know
The development came a week after the government proposed a plan to merge the three PSU banks, to create the country's third largest lender. Dena Bank said, in a regulatory filing on Monday, that its board met on the same day and approved the merger plan.
-
Vijaya Bank Q1 Profit Up 22 Per Cent at Rs 161 Crore
State-run Vijaya Bank on Monday reported a 22 per cent increase in net profit at Rs 161.46 crore for the quarter ended June 2014.
-
Vijaya Bank Q4 Net Profit Down 39 Per Cent at Rs 136 Crore
Vijaya Bank on Tuesday reported a 39.3 per cent decline in net profit at Rs 135.84 crore for the fourth quarter that ended in March, 2014.
-
Dena Bank, Vijaya Bank Shares Fall After Announcement Of Swap Ratios For Merger
Under the merger plan, Bank of Baroda said it would issue 110 shares of Rs 2 each for every 1,000 shares of Dena Bank worth Rs 10 each, while Vijaya Bank shareholders would get 402 Bank of Baroda shares of Rs 2 each for every 1,000 shares of Rs 10 each. Last year, the government revealed plans to merge state-run Dena Bank, Vijaya Bank and Bank of B...
-
Supreme Court Rejects Plea To Stay Merger Of Three State-Owned Banks
Rejecting the plea by the staff and officers of two merging banks and their associations, the bench of Justice Rohinton Fali Nariman and Justice Vineet Saran in its order said: "No case for grant of stay."
-
SBI, Canara Bank, Vijaya Bank Fail To Pay Dues, Lose Noida Properties
The Noida Authority on Wednesday said it has cancelled the allotment of properties leased to three banks and a hotel over pending dues of Rs 156.91 crore, with the SBI alone defaulting payment of Rs 144.13 crore.
-
Bank Of Baroda Looks To Rationalise 800-900 Branches After Merger
There are cases where branches of three banks are at one location or one building, an official told PTI.
-
No VRS After Merger, Bank Of Baroda May Have To Hire More, Says CEO Jayakumar
Bank of Baroda won’t introduce VRS for employees looking to exit after merger with state-run peers, says MD and CEO PS Jayakumar.
-
Supreme Court Rejects Plea To Stay Merger Of Three State-Owned Banks
Rejecting the plea by the staff and officers of two merging banks and their associations, the bench of Justice Rohinton Fali Nariman and Justice Vineet Saran in its order said: "No case for grant of stay."
-
Supreme Court Refuses To Stay Merger Of Vijaya Bank, Dena Bank With Bank Of Baroda
Supreme Court dismissed the applications filed by several bank officers’ associations for staying the merger, effective April 1.
-
Government To Infuse Rs 5,042 Crore Into Bank Of Baroda
The finance ministry through its notification on Wednesday conveyed its decision to infuse capital of Rs 5,042 crore in the bank.
