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IOB posts Rs 376 crore net for Q2

IOB posts Rs 376 crore net for Q2

🕔17:26, 27.Oct 2021

Chennai, Oct 27 (IANS) Public sector Indian Overseas Bank (IOB) closed the second quarter of the current fiscal with a net profit of Rs 376.41 crore. In a regulatory filing on Wednesday, IOB said it closed the second quarter with a

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Economic recovery reduces risk of sharp deterioration in PSBs’ asset quality

Economic recovery reduces risk of sharp deterioration in PSBs’ asset quality

🕔16:44, 11.Feb 2021

New Delhi, Feb 11  India’s 2021 economic recovery reduces the likelihood of a sharp deterioration in asset quality at the country’s public sector banks, said Moody’s Investors Service in a report. However, the ratings agency said banks’ capitalisation will remain

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Punjab National Bank signs MOU with IndianOil for E-Dealer Financing

Punjab National Bank signs MOU with IndianOil for E-Dealer Financing

🕔22:02, 10.Feb 2021

New Delhi, 10th February 2021: Nation’s leading public sector bank, Punjab National Bank (PNB), today signed a Memorandum of Understanding (MoU) with India Oil Corporation Ltd to cater to the financing needs of the IndianOil dealers.  The MOU would benefit dealers

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PNB celebrates the 156th Birth Anniversary of its Founding Father, Lala Lajpat Rai

PNB celebrates the 156th Birth Anniversary of its Founding Father, Lala Lajpat Rai

🕔20:30, 28.Jan 2021

Bank employees pledge to uphold his legacy and transform banking in India Felicitates Para Shooter Ms. Aakansha Choudhary forbeing awarded the  prestigious Rani Laxmi Bai Award by UP Govt New Delhi, 28th January 2021: Nation’s leading public sector bank, Punjab

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PNB extends promotional retail credit offer upto March 2021

PNB extends promotional retail credit offer upto March 2021

🕔19:51, 31.Dec 2020

New Delhi, 31st December 2020: Nation’s leading public sector bank, Punjab National Bank (PNB), today announced the extension of its popular ‘PNB Festival Bonanza Offer-2020’, till 31st March 2021. The promotional scheme has been rechristened now as PNB NEW YEAR BONANZA

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Punjab National Bank Q2 FY-21 Financial Results

Punjab National Bank Q2 FY-21 Financial Results

🕔05:10, 4.Nov 2020

The nation’s leading public sector bank, Punjab National Bank, (PNB) hosted a virtual press conference today to discuss its Q2 FY 2020-21 results.  Sh CH. S. S. Mallikarjuna Rao, MD and CEO of the Bank, highlighted key point of the

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Banks disburse Rs 68,311 cr under ECLGS to MSMEs

Banks disburse Rs 68,311 cr under ECLGS to MSMEs

🕔07:25, 17.Jul 2020

New Delhi, July 17  Banks have so far disbursed over Rs 68,000 crore so far under the Emergency Credit Line Guarantee Scheme to MSMEs and other eligible businesses. As of Wednesday, July 15, both public and private sector banks have

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BoB launches loan scheme for retail customers

BoB launches loan scheme for retail customers

🕔12:34, 8.Apr 2020

New Delhi, April 8  In the wake of COVID-19 pandemic, public sector lender Bank of Baroda has launched “Baroda Personal Loan COVID 19” for its existing retail loan customers (home loan, auto loan & loan against property). It will help

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PSBs post Rs 3,221 cr profits in H1: Mos Finance

PSBs post Rs 3,221 cr profits in H1: Mos Finance

🕔11:34, 10.Dec 2019

New Delhi, Dec 10  Public sector Banks (PSBs) have returned to profitability in 2019-20, posting an aggregate profit of Rs 3,221 crore in the first half ending September, Minister of State for Finance Anurag Singh Thakur said in the Parliament.

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SBI, OBC plan Diwali gifts after improved performance

SBI, OBC plan Diwali gifts after improved performance

🕔15:14, 23.Oct 2019

Chennai, Oct 23 Public sector banks (PSBs) here like the State Bank of India (SBI) and the Oriental Bank of Commerce (OBC) are planning to give festival gifts to their employees. The two banks have announced a Diwali gift of sweets/dry

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Government to infuse Rs 55,250 crore in PSBs

Government to infuse Rs 55,250 crore in PSBs

🕔12:42, 31.Aug 2019

New Delhi, Aug 31  The government on Friday announced Rs 55,250 crore upfront capital infusion in PSU banks for credit growth and regulatory compliance to support the merging lenders. The declaration came after the government announced the mega-merger of 10

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Bank of Baroda Q3 net down to Rs 111.78 cr

Bank of Baroda Q3 net down to Rs 111.78 cr

🕔09:54, 10.Feb 2018

Mumbai, Feb 10  Public sector Bank of Baroda on Friday said it closed the third quarter of the current fiscal with a net profit of Rs.111.78 crore, down from Rs 252.67 crore posted for the same quarter of the previous fiscal.

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Government to infuse Rs 1 lakh crore into PSBs this fiscal: Jaitley

Government to infuse Rs 1 lakh crore into PSBs this fiscal: Jaitley

🕔19:15, 24.Jan 2018

New Delhi, Jan 24  Seeking to perk up public sector banks that have been hit by huge non-performing assets (NPAs), the government on Wednesday announced plans to infuse over Rs. one lakh crore including Rs 80,000 crore through recap bonds

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Bank of India receives Rs 2,257 cr from government

Bank of India receives Rs 2,257 cr from government

🕔13:28, 31.Dec 2017

Mumbai, Dec 31  Public sector lender Bank of India on Saturday said it has received a capital infusion Rs 2,257 crore from the government. “The bank has on December 29 received an infusion of Rs 2,257 crore from Government of

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Rs 52,000 cr infused in Public Sector Banks since 2015-16 : Centre

Rs 52,000 cr infused in Public Sector Banks since 2015-16 : Centre

🕔22:50, 20.Dec 2017

New Delhi, Dec 20 (IANS) The government on Wednesday informed the Lok Sabha that it had so far infused a capital of Rs 51,858 crore in Public Sector Banks (PSBs) under its ‘Indradhanush Plan’ since 2015-16. “The government allocated Rs 22,915

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Bank of Baroda posts record Rs.3,342.04 crore loss in Q3

Bank of Baroda posts record Rs.3,342.04 crore loss in Q3

🕔10:11, 15.Feb 2016

Mumbai, Feb 15  Public sector lender Bank of Baroda on Saturday said it posted a net loss of Rs.3,342.04 crore for the quarter ending December 31, 2015 against a net profit of Rs.333.98 crore posted in the same period of the

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Finance ministry calls meeting of bank heads on April 28

Finance ministry calls meeting of bank heads on April 28

🕔12:50, 20.Apr 2015

New Delhi, April 20  The finance ministry has called a meeting of public sector bank chiefs on April 28 for planning implementation of large projects, a release said here on Sunday. The meeting has been called in view of the

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