10 PSBs merger notice this week to create four big lenders
“We are expecting the government to notify the merger this week,” United Bank of India managing director Ashok Kumar Pradhan said. The banks will need to follow regulatory formalities to protect the interest of minority shareholders.
Banks get no respite as Q3 slippages rise
State Bank of India saw its slippages — new bad loans — almost double sequentially to Rs 16,525 cro...
Oriental Bank of Commerce requests FinMin to give new name for merged entity: CEO
"We have requested Finance Minister Nirmala Sitharaman that...
SBI suggests Resolution Professional for Uttam Galva Steels
State Bank of India, one of the financial creditors to Uttam Galva Steels, on Thursday submitted its suggestion for an insolvency resolution professional (IRP) for the company to the National Company Law Tribunal.
The NBFC issue is both a problem and an opportunity: BoB chief
Project lending and NBFCs may be no-no for some lenders. But these segments open up a lot of opportunities provided the accompanying risk is assessed properly and built into the lending decisions, said Bank of Baroda CEO Sanjiv Chadha.
Bank of Baroda says fresh NPA accretion nearly peaked
"Given the fact that there are some indicators like the watch-list coming down, in terms of size, I can say with a reasonable degree of confidence that the slippage levels should be lower going forward," Chadha, who took over the charge last week told in an interview.
Bank of Baroda tumbles into red with Rs 1,407-cr net loss on higher provisions
Erstwhile Dena and Vijaya banks were merged into BoB effective April 2019 and profit last year has been consolidated to reflect the amalgamated entity.
Biometric-based PoS maker Mantra Softech bets big on govt projects
For the next phase of growth, the company is developing solutions for airports and metro rail.
Bank of Baroda integrates 30,000 employees of Vijaya, Dena Banks in 7 months
To begin with, BoB brought the entire set-up under a four-tier structure that it originally had, created more zones and regions, and adopted a unified reporting structure. “This exercise we did in April helped smoothen the other business processes and systems that had to be aligned,” said Roy.
Stocks in the news: Indiabulls Housing, Adani Gas, YES Bank and TV18 Broadcast
Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for RCom's telecom assets.
Banks Board Bureau recommends names for heading 3 state-owned banks
The Bureau recommends the following candidates, in order of merit, for the position of the MD & CEO in Bank of Baroda, Canara Bank and Bank of India, BBB said in a statement. The decision on the appointment will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. PM Modi, in 2016, approved the constitution of BBB
Rs 7,000-cr bank fraud: CBI registers 35 cases, searches 169 places
The CBI is conducting searches in 169 locations across the country in connection with 35 bank fraud cases, which were registered by it and i...
CBI searches 190 locations in bank fraud cases worth over Rs 7200 crore
The cases pertain to State Bank of India, Punjab National Bank, Andhra Bank, Oriental Bank of Commerce, Indian Overseas Bank, Allahabad Bank, Canara Bank, Dena Bank, Punjab and Sind Bank, Central Bank of India, Union Bank of India, IDBI Bank, Bank of Baroda, Bank of Maharashtra and Bank of India.
Over 3,400 branches of 26 PSBs closed or merged in last 5 years: RTI
To a query under the Right to Information (RTI) Act, the Reserve Bank of India (RBI) informed that 26 PSBs of the country either closed or merged 90 branches during FY 2014-15, 126 branches in 2015-16, 253 branches in 2016-17, 2,083 branches in 2017-18 and 875 branches during 2018-19. Of this, 75 per cent of the affected branches belong to SBI.
Homebuyers in HDIL’s Nahur Project file plea in NCLAT
“We are pleading to get us added in the matter as a respondent and seeking a hearing to resolve our dispute by accepting our claims,” said Omkar Khanvilkar, lawyer representing these more than 200 HDIL homebuyers.
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