SBI was expected to bear Rs 3500 crore on account of harmonisation of employee pension plans when it merges the associate banks with it.
The Kolkata-based lender has carved this new regional division out of the Bangalore region to increase its focus in the twin states. UBI's advances in Bangalore region was seven times of what it collected as deposits.
A forward contract is an agreement be tween two parties whereby the buyer of the contract carries an obligation to purchase an asset at a pre defined price at a future date.
Gangadharan, who has been an independent director in the bank since January 2014, is expected to assume his new responsibility in the first week of November.
Gangadharan, who has been independent director in the bank since January 2014, is expected to assume his new responsibility in the first week of November.
Corporation Bank, OBC and UBI may be sensing victory against Airbus as a debt recovery tribunal has directed the aircraft maker to deposit with it Rs 192.5 crore it had received from these lenders.
If the banks get the refund within December 31, it would boost their third quarter earnings.
Skewed balance sheet,Stressed assets, restructured debt plus NPAs, in banks were at 11.5 per cent of outstanding loans worth Rs 75 lakh crore at the end of March.
India witnessed a 28% rise in FDI to $44.20 billion in 2015.
Ujjivan, which is in midst of transforming itself into a small finance bank, has remained silent about the development, with Samit Ghosh, its managing director, refusing to comment.
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