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Mumbai’s skyline is soaring. So is the pressure on housingMumbai's booming real estate market sees global financial giants occupying luxury towers while low-income residents like taxi driver Ramu V...- PNB expects to complete technology integration of OBC, United Bank of India by MarchWith the merger, the bank now has about 11,000 branches, more than 13,000 ATMs, one lakh employees and a business mix of over Rs 18 lakh cr...
- Indian banks back in UK court over Vijay Mallya's non-payment of debtBesides SBI, the 13 Indian banks include Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashm...
- United Bank scraps plan to raise fundThe Centre, instead, will pitch in with Rs 1,666 crore.
- Once city of banks, Kolkata may have one PSU bank headquarterNow Kolkata could soon be left with just one HQ of a state-run lender — UCO Bank.
- NCLAT sets aside order directing return of land to Jaypee InfratechAll the banks and JAL had approached the NCLAT against the NCLT order.A stay was granted to all petitioners.
- Rate cut transmission: Why RBI action is ineffectiveRBI has told banks to link their interest rates to external benchmarks instead of MCLR.
- Vijay Mallya fails to convince UK court to dismiss Indian banks' attempt to recover duesThe funds in the account will meanwhile remain frozen as part of the worldwide freezing order in favour of the Indian banks last year.
- Expect to come out of PCA in second quarter: UBI MD"We should be coming out of PCA by the second quarter of 2019-20. Things are happening the way we have strategised," Ashok Kr Pradhan, MD a...
- Sensex, Nifty choppy on lack of directional cues; PNB advances 2%Among Sensex stocks, Hero MotoCorp was leading the gainer pack.
- BoB shareholders to meet next month to consider capital raise under ESPSSyndicate Bank said it will raise up to Rs 500 crore by issuing 30 crore shares.
- Vijay Mallya faces bankruptcy proceedings in UK High CourtTLT LLP, the UK-based law firm which had won a landmark case for the 13 banks led by State Bank of India (SBI) earlier this year
- Syndicate Bank to raise Rs 500 crore via stock optionsThe bank will issue 300 million shares to employees to raise this capital.
- Airtel Africa appoints eight global banks to work on IPOBharti Airtel reported 3.6 per cent decline in its India revenues on year-on-year.
- All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: ReportThe Reserve Bank began to place state-run banks under PCA framework first time in September 2016, when their NPAs soared beyond the regulat...
- RBI rejects government's proposal to ease PCA norms for banksData accessed by ET shows that all PCA banks have shrunk their losses and reduced their NPAs in the last quarter ended June after a peak in...
- Bank of Baroda to shut down South Africa operationThe bank notified the South African Reserve Bank on Monday about its plan to exit the country.
- We will not exit any business in India: Karan Bhagat, Barclays CorporateBarclays Corporate is silently attempting to strengthen its presence in India after the global financial crisis that dented its profitabili...
- Barclays acquires 12.75% stake in IntelenetIntelenet Global Services today said British banking group Barclays has picked up 12.75 per cent stake in its holding company SKR BPO Servi...
- Samir Bhatia to head Barclays' retail banking venture in IndiaUK Financial services group Barclays has roped in Samir Bhatia, head of corporate and SME banking in HDFC Bank, as managing director of its...
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