Allahabad Bank betters Q3 Show BANK NEWS

Allahabad Bank betters Q3 Show

Kolkata: State-owned Allahabad Bank Wednesday reported narrowed net loss at Rs 732.81 crore for third quarter ended December of the current financial year due to the reduction in bad loan provisions. The bank had posted a net loss of Rs 1,263.79 crore in the same period of the previous fiscal. Total income was nearly flat at Rs 4,756.88 crore for December quarter of 2018-19, as against Rs 4,755.33 crore in the same period of 2017-18, Allahabad Bank said in a regulatory filing.

Posted Date : 07-02-19

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Allahabad Bank betters Q3 Show

Kolkata: State-owned Allahabad Bank Wednesday reported narrowed net loss at Rs 732.81 crore for third quarter ended December of the current financial year due to the reduction in bad loan provisions. The bank had posted a net loss of Rs 1,263.79 crore in the same period of the previous fiscal. To
Posted Date : 07-02-19

PNB Organizes Cleanliness Drive at Dwarka Headquarters

New Delhi: Swachhata Pakhwada 2019 a cleanliness drive was led by Shri Sunil Mehta, MD & CEO, Punjab National Bank at PNB Dwarka Headquarters. On the occasion, Shri Agyey Kumar Azad Executive Director, PNB and several General Managers and other senior officials also participated in the cleanlines
Posted Date : 01-02-19

State Banks On Strike today Over Mergers

New Delhi: Services of state-owned banks are expected to be impacted on Wednesday due to a nation-wide strike call given by unions to protest against the proposed amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda. This will be the second bank strike in less than a week. A
Posted Date : 25-12-18

RBI data on Public Sector Banks: In four years, banks’ write-off over seven times recovery. Indian Express

New Delhi: Between April 2014 and April 2018, the country’s 21 State-owned banks ended up writing off Rs 3,16,500 crore of loans even as they recovered Rs 44,900 crore written off on a cumulative basis — or less than one-seventh the write-off amount — according to RBI data. The r
Posted Date : 01-10-18

Supreme Court verdict on Aadhaar: Verification for investing, banking to get time-consuming and costlier. ET

New Delhi: Mutual funds, insurance companies, banks and fintech companies will be badly affected by the Supreme Court verdict on Aadhaar. New buyers of mutual funds or insurance policies could start investing in a few minutes after online verification of Aadhaar. But aft
Posted Date : 01-10-18

India s shadow banking sector likely to face shake-up after default. ET

New Delhi: India's burgeoning shadow finance sector is likely to face a shake-up after defaults at one major lender battered the nation's financial markets in the past week and reinforced worries about credit risk. Industry officials and experts say they expect Indian regulat
Posted Date : 28-09-18

RBI Announces norms for Co-origination of Priority Sector Loans by Banks, NBFCs

New Delhi: The Reserve Bank announced guidelines for co-origination of priority sector loans by banks and NBFCs with a view to enhancing flow of funds to the sector at competitive rates. As per the norms issued by the RBI for all scheduled commercial banks (excluding Regional Rural B
Posted Date : 22-09-18

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

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

Amitabh Chaudhry to replace Shikha Sharma as CEO of Axis Bank

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Posted Date : 10-09-18

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

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Posted Date : 08-06-18

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

PNB Embarks on Mission Parivartan

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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
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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

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

Annual General Meeting of Indian Bank Association

NEW DELHI: The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley lighting the lamp to inaugurate the 70th Annual General Meeting of Indian Bank Association, in Mumbai on September 22, 2017.
Posted Date : 23-09-17

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

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
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Round table discussion of visiting PSU team with world Bank

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