Union Bank becomes 5th largest PSB post merger with Andhra Bank, Corporation Bank
The amalgamation will also strengthen the bank's footprint in southern India with considerable market share in this region, the Mumbai-headquartered lender said. It is also expected to generate cost and revenue synergies to the tune of Rs 2,500 crore over the next three years.
Is my bank open today?
In several states, all regular operations will remain closed, but internet banking and mobile banking will function as...
ICICI Bank slashes interest rate on savings account by 25 bps
Savings bank accounts with deposits up to Rs 50 lakh will earn 3.25 per cent in...
All branches of Oriental Bank of Commerce, United Bank of India start functioning as PNB branches
State-owned Punjab National bank on Wednesday said all nation-wide branches of United Bank of India and Oriental Bank of Commerce has started functioning as PNB branches.
Buzzing stocks: Vodafone Idea, YES Bank, RIL, IndusInd Bank
RIL (Rs 643.74 crore) was leading the pack of most active stocks in value terms.
Loan moratorium: Most pvt banks go for "opt-in" option
The RBI had announced a 3-month moratorium on loan repayments in the wake of COVID-19 crisis for dues to be paid between March-May 2020 and left it to the bank to implement the same. A slew of state-run banks have gone for an "opt-out" option where the repayments automatically get deferred unless a customer informs of her willingness to pay.
Share market update: Bank shares slip; Kotak Mahindra Bank plunges 10%
The Nifty Bank index was trading 5.3 per cent down at 18128.95.
34 lakh transactions effected via Post Office Savings Bank, 6.5 lakh through IPPB during lockdown
The Department of Posts is also moving ventilators, COVID-19 Test Kits and other medical equipments as per requests of various organisations from selected locations to destinations across the country by using cargo airlines and its own mail motor network. The routes of these mobile post offices are decided depending upon requirements, the statement said.
BoB offers refund of March EMI to home, auto loan customers
RBI has offered this option to mitigate the burden of debt servicing brought about by disruptions on account of COVID 19 pandemic. The bank's managing director and CEO Sanjiv Chadha said there are some cases where instalments have already been deducted because the RBI instructions came in over the last few days while the applicable period is from March 1, 2020.
Market Movers: YES Bank, Biocon jump; TechM, Kotak Bank bleed; Rs 3.2L cr lost
Here is a lowdown of the movers and shakers of Wednesday’s session on Dalal Street.
Trending stocks: YES Bank shares jump 6%
Shares of YES Bank traded 6.01 per cent up in trade at 10:39 am on Wednesday.
Businesses, banks and government need to move in harmony
The fiscal and monetary policy should be so devised that it is fair to all the three players – businesses, bank and the government.
Banks start giving options to avail loan moratorium today
Customers will either have to contact the bank or the bank will allow 3 months break on loan repayments by default
UPI crosses 100 crore transactions in March despite COVID-19 lockdown and Yes Bank crisis
Nearly all digital channels operated by NPCI such as UPI, IMPS, Fastag and Aadhar Enabled Payment System (AePS) recorded reduced traffic in March; only BBPS bucks the trend and posts higher volumes.
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