Recently, Usha Ananthasubramanian was transferred to Allahabad Bank from Punjab National Bank and Melwyn Rego to Syndicate Bank from Bank o...

The bank had registered a loss of Rs 2,158 crore for the fourth quarter of the previous fiscal, 2015-16.

While PNB's Usha Ananthasubramaniam has been transferred to a small lender Allahabad Bank, BoI's Melwyn Rego has been shunted to Syndicate ...

"There are some things that we could have postponed. The Rs 238-crore sale of assets could have been amortised over the course of this year...

"Inflation trajectory seems in line with RBI prognosis, though we are hopeful of inflation possibly undershooting the 5% target," the SBI c...

Bank of India is ranked by ET as the second most trusted bank. We have to set the house in order and be in a position to take over smaller ...

A small change in the accounting practice — which is within the rules — helped Bank of India save over Rs 1,100 crore in the third quarter.

In the same quarter to September last year, the bank had posted a 7.86-billion-rupee profit, and analysts on average had expected a net pro...

Melwyn Rego today took over as Managing Director and Chief Executive Officer of Bank of India (BoI), the State-run lender said.

The issue would be made under the $ 1.5billion Medium Term Note (MTN) programme listed on the Singapore Stock Exchange.

However, the lender said it will not issue the bonds immediately. They will be issued depending on its funding needs.

The bank has so far raised $720 million as part of the $1.5 billion plan and is looking at some new markets to raise more funds, Rego said.

IDBI Bank has tied up with Asian Development Bank (ADB) to partly guarantee a USD 200 million fund raising through bonds.

In an interview with ET Now, Melwyn Rego, Executive Director, IDBI Bank, gives his views on the Indian economy and markets. Excerpts:

IDBI Bank today posted 20.22 per cent rise in net profit to Rs 515.9 crore for the second quarter ended September 30, 2011.

The youngest state-run lender had raised USD 125 mn foreign currency syndicated loan from Singapore to fund the overseas financing needs of...

State run IDBI Bank has awarded the mandate to three leading foreign lenders to raise $225 million five-year syndicated loan in Asian and E...