Tag archive for ‘Bank’
By Loknath Das On Saturday, August 19th, 2017
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Bank Strike On August 22 To Protest Against Proposed Reforms

Kolkata: United Forum of Banking Unions (UFBU), the umbrella body of trade unions in the banking sector, has called a nation-wide strike on August 22 to protest against the reforms proposed by the Centre. West More...

By Loknath Das On Saturday, August 19th, 2017
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No More Lobbying In Public Sector Bank Appointments: Government

New Delhi: No lobbying, “allotment” on the basis of merit-cum-performance and enlarging the employment pool to include the private sector are some key initiatives taken by the Centre for top-level recruitments More...

By Loknath Das On Monday, August 7th, 2017
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Indian Bank Sets Target Of Gross Bad Loans Under 5% By March

Mumbai: Indian Bank is looking to bring down its gross non-performing assets (NPAs) to below 5 per cent by March from over 7 per cent in the June quarter on the back of better recoveries, upgrades and write-offs, More...

By Loknath Das On Monday, August 7th, 2017
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Canara Bank Hits Overseas Bond Market With $400 Million Issue

Mumbai: State-run Canara Bank is in the international bond market with a $400-million issue as part of its $2-billion medium term note programme. “Canara Bank is in the international debt market with a benchmark More...

By Loknath Das On Saturday, August 5th, 2017
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After SBI, Bank of Baroda cuts interest on savings account by 50 basis points

Within days of SBI slashing interest rate on savings bank account, another PSU bank — Bank of Baroda — has followed suit, cutting it to 3.5% on deposits of up to Rs 50 lakh. “We wish to inform you More...

By Loknath Das On Tuesday, August 1st, 2017
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SBI Shares Up 5% As Bank Cuts Interest Rate On Savings Accounts

New Delhi: Shares of State Bank of India went up by nearly 5 per cent today after it slashed interest on savings account deposits by 50 basis points to 3.5 per cent on balance of up to Rs. 1 crore. The SBI stock More...

By Loknath Das On Saturday, July 29th, 2017
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IDFC Bank aims to triple branches, increase POS by 100% in 36 months

IDFC Bank will pursue its branch expansion plan organically during the current fiscal and won’t wait till Shriram merger happens, a top official said.   Meanwhile, the bank has chalked out its plan for More...

By Loknath Das On Thursday, July 27th, 2017
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Watch: Bank of England celebrates its 323rd birthday with an adorable GIF

Bank of England turns a year older today announced the central bank’s official Twitter handle. Its just that the Bank turned 323 on July 26 but age did not stop it from having some fun on its birthday. @bankofengland More...

By Loknath Das On Thursday, July 27th, 2017
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ICICI Bank Q1 profit falls, but beats estimates

ICICI Bank Ltd, India’s third-biggest lender by assets, reported an eight percent fall in its first-quarter profit but was slightly ahead of analysts’ estimates. Net profit fell to 20.49 billion rupees ($319.6 More...

By Loknath Das On Tuesday, July 25th, 2017
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Carlyle Affiliate To Buy 26% In State Bank Of India Credit Cards JVs

An affiliate of buyout firm Carlyle will buy a 26 percent stake in each of two credit card joint ventures of State Bank of India, the top Indian lender said on Friday. After GE Capital, SBI’s partner in the More...