MTNL Fails to Pay Rs 35.15 Crore Interest to Union Bank of India
Loss-making state-owned telecoms firm MTNL owed Rs 35.15 crore in interest as Union Bank of India is due in July, the company said in a...
Tag : Andhra Bank
Union Bank of India Jumped 6% After Q1 Earnings Result
On Monday, shares of Union Bank of India nearly raised 6% after the bank had reported its standalone net profit of Rs 333 crore in...
Not Closing 9 Banks, Says RBI After Social Media Rumours
Just a day after the Reserve Bank of India (RBI) imposed withdrawal restrictions on Punjab & Maharashtra Co-operative Bank (PMC) for six months, the social...
Merger PSU Banks Unlikely to Revive Credit Flow
The merger of Public Sector Banks (PSBs) into four entities is unlikely to revive credit growth or have meaningful cost synergies, said a report by Credit Suisse....
Union Government To Infuse More Than Rs. 48,200 Crores In 12 PSBs
The government, on Wednesday, has announced to infuse Rs. 48,239 crores into 12 public sector banks in 2018-19 in order to help them meet capital...
Dena Bank, Andhra Bank has sold additional stake to LIC
Dena Bank has raised Rs 65 crore through issuing over 2 crore shares to LIC on preferential basis. Andhra Bank has also, without disclosing the...
Andhra Bank aims to raise Rs 136 crore from LIC through preferential issue
Andhra Bank will be issuing over 2.88 crore equity shares to LIC for a total consideration of Rs 136.5 crore. Andhra Bank has said in...
Andhra Bank lowers base rate by 25 bps to 9.75%
The public sector lender Andhra Bank has reduced its base rate by 25 basis points (bps) to 9.75 percent with effect from today, i.e., September...