• Kolkata: Coal India : 20,000 Student participated in Vigilance Awareness Campaign...

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  • Ranchi: HEC Organised 'March for Change' on 'HEC Day'. ..

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  • New Delhi: DVC Holds State Level Painting Competition on Energy Conservation. ..

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  • New Delhi: AAI participated in India-Myanmar Business Forum...

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  • Bangalore: HAL Academy launches unique PG programme...

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  • Hyderabad: NMDC celebrates foundation day...

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  • New Delhi: Sand artist Pattnaik’s sculpture unveiled on NBCC’s 58th foundation day. ..

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  • New Delhi: BEL Pays Rs. 64.41 Cr as Final Dividend to Govt. PSU Connect..

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  • New Delhi: NHPC board okays share buy-back at Rs. 28 apiece for Rs. 600 crore..

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  • New Delhi: Govt to refund employers for 7 weeks of maternity leave given to employees: WCD..

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  2.   Banking Sector News

Bank of India Invites Bids for stake sale in 3 Associate Companies

New Delhi: State-run Bank of India (BoI) invited bids for the sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services. Earlier this week, BoI said it was looking to raise nearly Rs 1,000 crore through stake sale in some of its non-core

Posted Date :  22-09-18

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ICICI Bank Launches Lending to MSMEs Based on their GST Returns

Mumbai: ICICI Bank Ltd. announced the launch of a new working capital facility that enables MSMEs (Micro, Small and Medium Enterprise) to get an overdraft (OD) based on the turnover reported in their Good and Services Tax (GST) returns. Christened ‘GST Business Loan’, the facility is availabl

Posted Date :  11-09-18

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Amitabh Chaudhry to replace Shikha Sharma as CEO of Axis Bank

Amitabh Chaudhry of HDFC Life has been appointed as the Chief Executive Officer of Axis Bank. He will assume office after Shikha Sharma completes her tenure as the Axis Bank CEO.   "We wish to inform you that the Board of Directors (the Board) of the Bank at its meeting held today has ta

Posted Date :  10-09-18

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PNB has set a Target of Recovering Rs. 20000 Crore from NPA

New Delhi: Punjab National Bank has set a target of recovering nearly Rs. 20,000 crore from the non-performing assets (NPA) in the first half of this financial year. In the first two months of this quarter, the bank has recovered Rs 5,600 crore. The bank has targeted the recovery of NPAs of about

Posted Date :  08-06-18

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Shri Rajendra Kumar Joins as GM Bank of Baroda of Patna Zone

Ranchi: Shri Rajendra Kumar has joined as GM & Zonal Head of Bank of Baroda, Patna Zone capturing Bihar, Jharkhand & Orissa states. Before coming here he was he was General Manager & Zonal Head of MP & Chhatisgarh Zone.  During his 35 years of banking career, he has outstanding records in va

Posted Date :  25-05-18

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PNB Embarks on Mission Parivartan

NEW DELHI: In keeping with the dynamic business environment, the Bank has embarked on Mission Parivartan – a structured approach to keeping the long-term success of the Bank in mind An Independent think tank on the lines of *NitiAyog* named *Mission Parivartan Division* will act as the cata

Posted Date :  23-03-18

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PNB organizes Debate on Vigilance

NEW DELHI: Punjab National Bank organized Vigilance Awareness Programme at Manav Rachna University, Faridabad.The Programme was presided over by Shri S K Nagpal, Chief Vigilance Officer, Punjab National Bank and Shri D P Naik, Advisor Central Vigilance Commission.    15 students partici

Posted Date :  13-10-17

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Print this mail only if absolutely necessary. Save Paper.Save Trees.

New Delhi: The information contained in this e-mail and any attachments to this message are intended for the exclusive use of the intended recipient and may contain proprietary, confidential or legally privileged information. If you are not the intended recipient, please note that you are not au

Posted Date :  10-10-17

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ICICI Bank launches Cashback home loans

Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a new home loan, which offers borrowers the benefit of 1% cashback on every EMI, for the entire tenure of the loan. A unique offering in the industry, it is available for home loans wit

Posted Date :  29-09-17

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SAIL set to leverage domestic growth potential

New Delhi: Addressing the 45th Annual General Meeting of Steel Authority of India Ltd. (SAIL) held here today, Chairman SAIL, Shri PK Singh was confident of improvement in Company’s performance starting this financial year (FY 2017-18) backed by several management initiatives in every area of o

Posted Date :  23-09-17

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PNB Bags Raj Bhasha Kirto Shield

NEW DELHI: Punjab National Bank has been awarded with Second Prize in Rajbhasha Kirti award competition for the outstanding performance in implementation of Official Language Policy in Bank for the Financial year 2016-17 .    President of India Shri Ram Nath Kovind awarded this prize to

Posted Date :  19-09-17

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Round table discussion of visiting PSU team with world Bank

New Delhi:  Good round table discussion of visiting  PSU team from India with world Bank followed by Fed Reserve at New York. The team visited washington and NY as a part of Global Leadership programme organised by SCOPE. SCOPE also signed MOU with University of Maryland for capacity building

Posted Date :  12-09-17

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ICICI Bank inaugurates its first branch in Sardhana

Meerut: ICICI Bank, India's largest private sector bank by consolidated assets, today inaugurated a new branch at Sardhana town in district Meerut. This is the first branch of the bank in the town. The Bank has the largest branch network among private sector banks in Meerut district. The bran

Posted Date :  07-09-17

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Punjab National Bank entered MoU with Army

NEW DELHI: Punjab National Bank and Army Group Insurance Fund (AGIF) have entered into MoU under which PNB will be extending Housing loan to AGIF members. The documents were signed in a ceremony held at Punjab National Bank, New Delhi headed by Shri Sunil Mehta, MD & CEO of Punjab National Bank a

Posted Date :  01-08-17

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World Bank Loan for IREDA Solar Projects

New Delhi: World Bank financing of USD 100 Million for the development of internal infrastructure of solar parks has been planned by Indian Renewable Energy Development Agency Ltd. (IREDA) under the aegis of Ministry of New and Renewable Energy.   The World Bank loan is proposed to flow

Posted Date :  28-07-17

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Canara Bank launches first digital branch in Bengaluru

BENGALURU: Canara Bank, which has set an ambitious target of moving to ‘paperless’ futuristic banking, launched its first ‘Digital Banking Branch’ at Spencer Towers in MG Road, Bengaluru.   Titled ‘CANDI’, the branch will provide an end-to-end digital experience to customers.

Posted Date :  28-07-17

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Dr Ravi Kanth inaugurates Vijaya Bank s Branch Managers Meet

NEW DELHI: Dr. M Ravi Kanth, CMD, HUDCO, on Tuesday inaugurated the Vijaya Bank’s Branch Managers Meet of NCR Region to ensure speedy disbursal of credit under the Pradhan Mantri Awas Yojana – (Urban) aimed at providing ‘Housing for All by 2022.’ Dr. Ravi Kanth stressed that all stake hol

Posted Date :  19-07-17

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PNB Observes International Day of Yoga - 2017

NEW DELHI: International day of Yoga Was celebrated by Punjab National bank as its Central Staff College, Delhi and all Other Training Centres and Administrative Offices throughout the country.   Shri Sanjiv Sharan, Executive Director of the Bank Participated in the celebration held at C

Posted Date :  22-06-17

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SBI Soon to Hire 6 Merchant Bankers for Rs 15000 Crore Share Sale

MUMBAI: State Bank of India (SBI), the country's largest lender, will soon hire six merchant bankers for managing Rs 15,000 crore share sale. The process for selection is on and will take a few more days before a final call is taken, sources said.    According to sources, many compa

Posted Date :  27-05-17

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ICICI Bank chief Chanda Kochhar receives Woodrow Wilson Award

WASHINGTON: ICICI Bank chief Chanda Kochhar has become the first Indian woman to be conferred with the prestigious Woodrow Wilson Award for Global Corporate Citizenship.    Kochhar, 55, received the annual award which was instituted in 1998 by the prestigious Wilson Center to felicitate

Posted Date :  12-05-17

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ICICI Group Dedicates 100 ICICI Digital Villages to the Nation

The programme encompasses digitisation of transactions and other commercial activities besides providing vocational training, credit facility and market linkage to help villagers earn a sustainable livelihood 11,300 villagers, including more than 7500 women, have been trained free of co

Posted Date :  05-05-17

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New Delhi. Punjab National Bank was awarded “BEST MSME BANK AWARD” instituted by Chamber of Indian Micro Small and Medium Enterprises under Large Banks Category on April 20, 2017 at New Delhi.    Shri Arjun Ram Meghwal, Union Minister of State for Finance & Corporate Affairs present

Posted Date :  25-04-17

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SBI Savings Bank Account Minimum Balance Requirement.

MUMBAI. State Bank of India or SBI has introduced minimum balance requirement in savings accounts from April 1.    The minimum balance requirement for SBI customers varies depending on geographies such as metro, urban, semi-urban and rural. If the minimum balance drops below a particula

Posted Date :  24-04-17

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PNB Launches new products for customers on its Foundation Day

New Delhi. Punjab National Bank celebrated its 123rd Foundation Day and on the occasion Smt. Usha Ananthasubramanian, MD & CEO of the bank launched three new products for customers viz. Automated electronic Toll Collection to facilitate hassle free toll payment/collection, Credit Card Mobile App

Posted Date :  18-04-17

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CBI Recovers Cash Properties Worth Crores From BSNL AGM

In an operation late last evening, the agency had arrested Gupta Chandra Bidika, Additional General Manager, Microwave Project, Bhubaneswar. He was caught red handed allegedly taking bribe of Rs one lakh for clearing bills worh Rs 10 lakh of a contractor. 

Posted Date :  06-04-17

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UNNATI Cashless India ki nayi soch

NEW DELHI. The Minister of State for Power, Coal, New and Renewable Energy and Mines, Shri Piyush Goyal launching the SBI Card “UNNATI: Cashless India ki nayi soch”, in New Delhi on March 28, 2017. The Chairman of State Bank of India, Ms. Arundhati Bhattacharya and other dignitaries are also

Posted Date :  30-03-17

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SBI spent Rs 775 cr in maintaining Jan Dhan accounts

NEW DELHI. The total cost of operation of Jan Dhan accounts by State Bank of India is Rs 774.86 crore, Parliament was informed today. “Bank-wise and year-wise information on the cost of operation of Pradhan Mantri Jan Dhan accounts is not maintained. However, the total cost of operation of Jan

Posted Date :  29-03-17

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Punjab National Bank received the Vigilance Excellence Award

New Delhi. Punjab National Bank received the Vigilance Excellence Award 2016-17. The Award was received by Shri S.K. Nagpal, Chief Vigilance Officer of the Bank, from Shri. K V Chowdary, Central Vigilance Commissioner, at the 8th Conclave of Vigilance Officers of the Institute of Public Enterprise(I

Posted Date :  09-03-17

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Cabinet clears merger of 5 associate banks with SBI

NEW DELHI . The Cabinet has approved the merger of five associate banks with the State Bank of India (SBI), which will catapult any bank from India to among the top 50 global lenders for the first time. The merger does not include Bharatiya Mahila Bank.   The five associate banks are

Posted Date :  16-02-17

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PNB Q3 profit jumps 4 fold to Rs 207 cr

NEW DELHI . Punjab National Bank yesterday posted four-fold jump in net profit at Rs 207 crore for the December quarter of current fiscal on account of increase in treasury income and decline in cost of deposits.    The bank had reported net profit of Rs 51 crore in the correspo

Posted Date :  08-02-17

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PNB extended help for Leprosy Eradication

NEW DELHI . Ms Usha Ananthasubramanian, Managing Director & CEO, Punjab National Bank presented a cheque to President, Pranab Mukherji at Rashtrapati Bhawan as a helping hand towards eradication of leprosy. K V Brahmaji Rao, Dr. R S Sangapure and Sanjiv Sharan, Executive Directors were also p

Posted Date :  01-02-17

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Cooperative banks barred from accepting PMGKY deposits

NEW DELHI: The government announced that cooperative banks will not be authorised to accept deposits under the Pradhan Mantri Garib Kalyan Deposit Scheme.    Under the scheme, all those declaring previously undisclosed income have to place 25% of the amount being declared in an

Posted Date :  23-01-17

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PNB launches Contactless Credit Card

New Delhi.In another digitalisation initiative, Punjab National Bank (PNB) has launched a Contactless Credit Card. This new credit card, which has been named PNB Wave N Pay --Contactless Card, was launched by Usha Ananthasubramanian, Managing Director & Chief Executive Officer, PNB in the cap

Posted Date :  23-01-17

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Demonetisation has helped us shed bulk deposits says Dena Bank CMD

MUMBAI. Dena Bank, like all other banks, has had a dream-run on the deposits front during the 50 days following demonetisation. Copious deposit inflows in the form of scrapped high-denomination notes helped the bank shed bulk deposits amounting to about ₹9,000 crore, according to Chairman a

Posted Date :  19-01-17

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Bank of Baroda offers home loan cheaper than SBI rates

New Delhi. Home loan borrowers of other banks or housing finance companies can also shift to Bank of Baroda's reduced rate of interest but the bank is yet to decide on the loan switching fee.   For customers with a credit score of 760 or above, we are offering home loans at this

Posted Date :  10-01-17

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SBI donates Rs 22 lakh to Hyderabad NGO for mobile clinic

Hyderabad. State Bank of India today donated Rs 22.23 lakh from its Corporate Social Responsibility (CSR) fund to a city-based organisation for a mobile clinic which will provide healthcare facilities to poor families.    SBI Managing Director Rajnish Kumar handed over a cheque

Posted Date :  09-01-17

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Govt seeks report on malpractices by bank officials

New Delhi: Days after Prime Minister Narendra Modi warned those who indulged in malpractices during the 50-day demonetisation drive, the Finance Ministry has asked public sector banks to submit a report on the involvement of officials illegally changing currency notes.    Banks

Posted Date :  04-01-17

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Home loans cheapest in 6 years as SBI slashes rate 50 basis pts

Mumbai: Home loan rates have fallen to their lowest level in six years with State Bank of India, the country's largest lender, cutting the effective rate to 8.6% from 9.10%.    While SBI cut its one-year marginal cost of lending rate (MCLR)—the benchmark to which home

Posted Date :  02-01-17

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