Tag archive for ‘Bank’
By Loknath Das On Thursday, August 31st, 2017
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Public Bank Mergers Will Need Fresh Cash Infusions: Report

New Delhi: The Union Cabinet’s decision to speed up the merger of public sector banks (PSBs) will not improve their weak capitalisation without capital infusion from the government, Moody’s Investors Service More...

By Loknath Das On Thursday, August 31st, 2017
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Punjab National Bank To Cut Minimum Lending Rate From September

New Delhi: Punjab National Bank has cut marginal cost based lending rates by up to 0.25 per cent for select maturities, effective tomorrow. The state-owned lender has also slashed its base rate by 0.20 per cent More...

By Loknath Das On Thursday, August 24th, 2017
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ICICI Bank Cut Interest Rate On Savings Account By 0.5%

Mumbai: Private sector lender ICICI Bank today announced to reduce interest rate on savings accounts by 50 basis points to 3.5 per cent on deposits below Rs. 50 lakh. The interest rate on savings bank accounts More...

By Loknath Das On Tuesday, August 22nd, 2017
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PNB, HDFC Bank Cut Interest Rate On Savings Account By 0.5%

New Delhi: Two leading lenders PNB, HDFC Bank today slashed interest rate on savings bank accounts by 50 basis points to 3.5 per cent on deposits up to Rs. 50 lakh. Besides, Punjab National Bank (PNB) has also More...

By Loknath Das On Monday, August 21st, 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 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...