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PNB lowers recast target; expects only Rs 20,000 crore loan book to be restructured"With respect to restructuring, surprisingly, as on today, if you look at, not many people have requested. In terms of retail and MSME toge...- 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...
- 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.
- United Bank of India to report profit for March quarter: CEOUBI would raise up to Rs 1,000 crore from the market in the second half of the fiscal.
- 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...
- Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in 2018: StudyPNB has shown "strong performance" in the parameters like customer responsiveness, responsible banking, credit off-take and financial inclu...
- Sensex, Nifty choppy on lack of directional cues; PNB advances 2%Among Sensex stocks, Hero MotoCorp was leading the gainer pack.
- Some better performing banks likely to be out of PCA: Rajiv KumarEleven out of the total 21 public sector banks are under the central bank's PCA framework, which imposes lending restrictions and prevents ...
- 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.
- Exit mechanism for banks under PCA crucial: Sanjeev SanyalThe Reserve Bank of India's PCA framework, which intends to nurse financially weak banks back to health, restricts lending and expansion of...
- Penny club swells 50% in crash, but don’t fall for big names at low pricesMany of the companies dragged to the NCLT for insolvency proceedings have turned penny.
- 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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