Airtel raises Rs 21,240 crore via QIP and FCCB
Airtel, Vodafone Idea and other telcos owe the government nearly Rs 1.47 lakh crore in past statutory dues.
United Bank scraps plan to raise fund
The Centre, instead, will pitch in with Rs 1,666 crore.
Stocks in the news: YES Bank, HDIL, Manpasand Beverages, Adani Green and NMDC
The company has filed a police complaint regarding hostile take...
United Bank of India shelves Rs 1,500 crore fundraising plan
The bank had set a target of taking its loan outstanding to about Rs 82,000 crore from Rs 73,123 crore at the end of March.
Merged entity of PNB, Oriental Bank of Commerce and United Bank of India may follow a SBI-like structure
“We intend to finalise all these administrative strategies in the next six months so that the merged entity can focus on business from the very beginning,” Pradhan told ET.
PNB ties up with NBFCs for co-orginating loans worth Rs 4,000 crore
The stress on NBFCs and HFCs is seen as a key reason for slowdown in the economy, as it has caused reduced credit flow to small businesses.
FM on 100 days of Modi 2.0: Govt wants to revive confidence in markets
The government is also conscious of the need to respond to the slowdown in the auto sector.
Boards of Corporation Bank, Allahabad Bank give in-principal approval for respective merger plans
Earlier on September 9, Union Bank of India had informed about an in-principle approval of its board for the amalgamation of Andhra Bank and Corporation Bank into it.
Strike call given by officers' union may affect normal business at branches: SBI
Four unions of officers of public sector banks have threatened to go on a two-day strike from September 26 to protest against the announced consolidation of 10 state-run lenders into four.
PNB gains 3% after Moody’s upgrades outlook
The affirmation of PNB’s ratings with a positive outlook reflects Moody's view that the bank's BCA will likely improve after the capital infusion from the government.
Crisis among shadow banks pushes up funding costs overseas
The non-bank financing companies have struggled to raise as much abroad this year.
Finance Secretary to review banking issues next week
The meeting comes against the backdrop of Finance Minister Nirmala Sitharaman announcing various measures to push economic growth.
Boards of Allahabad Bank, Andhra Bank schedule meeting for merger proposals
Andhra Bank said its board will meet on September 13 to consider and approve amalgamation of it along with Corporation Bank into Union Bank of India.
PNB, UBI & OBC forms working groups to oversee merger process
Last week, the board of PNB has given in-principle approval for amalgamation of Oriental Bank of Commerce (OBC) and the United Bank of India (UBI) with it.
Modi creates bank behemoths to spur slowing economy
“Banks with strong national presence and global reach is what we want,” Sitharaman said.
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