bank

Andhra Bank board okays merger with Union Bank of India

PTI|Sep 13, 2019, 09.55 PM ISTBCCLAndhra Bank HYDERABAD: The board of directors of Andhra Bank on Friday accorded in-principle approval for the amalgamation of Andhra Bank and Corporation Bank with Union Bank of India as the anchor bank.

Bank credit growth slows to 10.24%, deposits at 9.73%

46 lakh crore.1 percent in July from 0.

BoB seeks to sell Dena Bank headquarters in Bandra for over Rs 530 cr

17 PM ISTMUMBAI: State-run Bank of Baroda has put on block the erstwhile headquarters of Dena Bank in the financial capital at a reserve price of Rs 530 crore.However the banks said the movable furniture and other fixtures in the property are not be part of the auction.

World Bank to sanction Rs 3,000 cr for food parks: Govt

49 PM ISTAgenciesThe World Bank has agreed to sanction Rs 3,000 crore for the Ministry of Food Processing to enable it finance mini and mega food parks across the countryNEW DELHI: The World Bank will provide Rs 3,000 crore funds to finance mini and mega food parks across the country, particularly in Northeast, and help boost farmers' income, Union Minister Rameswar Teli said on Friday.Minor formalities remain to be completed on this front before the first disbursement of the sanctioned amount is released, the Minister of State for Food Processing Industries said.

Yes Bank: Paytm owner One97 in talks to pick up stake in Yes Bank

19 AM ISTBCCL(This story originally appeared in on Sep 10, 2019)Mobile payments major Paytm-owner One97 Communications is in preliminary discussions for a deal to pick up a stake in private sector lender Yes Bank.This is part of the Mumbaibased bank’s broader plan to raise fresh capital, said two sources familiar with the development.

Bank of India launches festive offer; waives loan processing charges

The bank has waived loan processing charges and will provide home loan at concessional rates, BoI general manager Salil Kumar Swain said.State-owned Bank of India (BoI) under its festive offer for retail products is offering home loans at concessional interest rate with no processing charges to woo customers.

Canara Bank invites bids to sell 30 per cent stake in Can Fin Homes

The decision to invite bids comes ahead of amalgamation of Syndicate Bank with Canara Bank.17 PM ISTThinkStock PhotosNEW DELHI: State-owned Canara Bank on Friday invited bids to sell 30 per cent stake in its housing finance subsidiary Can Fin Homes Ltd (CFHL).

Mediclaim premium for retired bank employees set to rise by 10-15%

The premium for FY20 may rise to Rs 30,000 a year from Rs 26,000 for those who retired as workmen employees, irrespective of their pension earnings.Group mediclaim policy covers existing and retired employees.

Brazil’s Odebrecht to Pay $50 Million to Charities Under Deal With Development Bank

Construction conglomerate Odebrecht SA reached a settlement agreement with the Inter-American Development Bank over bribery charges.Photo:

amanda perobelli/Reuters




































Odebrecht SA, a Brazilian construction conglomerate, will pay $50 million in charitable contributions to resolve allegations of bribery under a deal reached with a Latin American development bank.

Bank employees stage protest against Centre's decision to merge PSU banks

23 PM ISTAgencies Members of the All India Bank Employees' Association on Saturday staged a protest here against the Centre's decision to merge 10 public sector banks into four entities.Chennai: Members of the All India Bank Employees' Association on Saturday staged a protest here against the Centre's decision to merge 10 public sector banks into four entities.

Board to soon consider amalgamation with OBC, United Bank: PNB

Punjab National Bank (PNB) on Saturday said a board meeting will be held soon to consider amalgamation of Oriental Bank of Commerce and United Bank of India with itself.The bank has received a communication from the Ministry of Finance that the Alternative Mechanism (AM), after consultation with Reserve Bank of India (RBI), has decided that Punjab National Bank, Oriental Bank of Commerce (OBC) and United Bank of India may consider amalgamation, it said in a regulatory filing.

Government accepts State Bank of India MD Anshula Kant's resignation

36 PM ISTBCCLAs MD and CFO, Kant will be responsible for financial and risk management of the World Bank Group.NEW DELHI: The government has accepted the resignation of State bank of India's managing Director Anshula Kant, following her appointment as MD and chief financial officer of the World Bank.

Regulator Files Complaint Against Danske Bank, Saying Lender Misled Customers

The case surrounds Danske’s Flexinvest Fri investment product and has already cost one executive his job.The bank said at the time that it planned to compensate all affected Flexinvest customers.

Bank merger: A move 6 months in making that even bank bosses had no idea about

19 AM ISTReutersPunjab National Bank and OBC had a strong presence in the North but were largely missing from the East and the Northeast.Finally, it was technology that settled the issue for at least four banks — Canara and Syndicate and Indian Bank and Allahabad.

DoT gets legal nod to challenge order on Rs 7,000 crore bank guarantees

NEW DELHI: The Department of Telecommunications (DoT) has got legal clearance to challenge a tribunal order staying its demands from Bharti Airtel and Tata Teleservices for bank guarantees of over Rs 7,000 crore before approving the merger.The official added that the ASG had “sided with the department’s internal view” of challenging the tribunal’s order.

Deutsche Bank Tells Court It Has Some Tax Returns Related to Trump Inquiry

Business|Deutsche Bank Tells Court It Has Some Tax Returns Related to Trump InquiryImageIn a letter to the United States Court of Appeals for the Second Circuit, Deutsche Bank wrote that it “has in its possession tax returns (in either draft or as-filed form)" related to an inquiry into President Trump.”Although the identities of the people or organizations were redacted in the publicly available document, current and former bank officials have said Deutsche Bank has portions of Mr.

Deutsche Bank, reeling from global job cuts, is hiring in India

By Suvashree Ghosh and Anto Antony
Deutsche Bank AG’s only retail banking franchise outside Europe is getting more investment, amid sweeping cost cuts and restructuring taking place elsewhere at the German lender.The retail business in India is focused on mortgage lending and loans to small businesses, also the source of many of the bank’s wealth clients.

sensex today: Markets Live: Sensex pares 600 points gains, turns negative; PSU bank index down 4% from day's high

Top 10 BSE losersPrice as on 26 Aug, 2019 10:10 AM, Click on company names for their live prices.2 per cent.

Bank of Maharashtra to link retail loans with repo rate

The inter-bank meeting, held under the aegis of the State Level Bankers' Committee (SLBC), was organised by BoM, convenor, SLBC, Maharashtra State.00 PM ISTBCCLThe inter-bank meeting, held under the aegis of the State Level Bankers' Committee (SLBC), was organised by BoM, convenor, SLBC, Maharashtra State.

Bandhan Bank teams up with Standard Chartered Bank for a co-branded credit card

The credit card will be for Bandhan Bank customers while the credit risk will be borne by StanChart, one of the leaders in the credit card market with 1.2 million credit card base.