PNB Q2 Net Profits Drops 18% to Rs 621 Crore
On Monday, State-owned Punjab National Bank (PNB) reported a 17.9 per cent year-on-year (YoY) drop in its net profit of Rs 621 crore, due to higher provisions.The...
Tag : Oriental Bank of Commerce
Govt Open to Further Consolidation of Banks: Anurag Thakur
The government is open to the further consolidation of banks depending on needs, Minister of State for Finance Anurag Singh Thakur has said. Last year,...
Sensex Hits Fresh Record High Led by Banking and IT Stocks
Sensex hit a record high of 41,185.03 points, and at 9.30 am it was 0.24 per cent higher at 41,108.48 points. Nifty climbed 0.3 per...
Bank Strikes in Several Branches, May Shut ATMs
The employees of two bank unions are sitting on 24 hours bank strike from today morning and another bank officers union has extended full support...
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....
Allahabad Bank Dips 2%, PSU Bank Shares Slips
In Thursday morning session, shares of various PSU banks were trading in red with losses; were shares of Allahabad Bank were down by 1.84 per...
BCG-IBA Report: PNB Comes At Top In Implementing 'Reforms Agenda'
The BCG-IBA (Boston Consulting Group and Indian Banks Association) EASE Reforms for report Public Sector Banks measures reported that the scam-hit Punjab National Bank (Pnb)...
Government Planning To Bring Down Stake In Public Sector Banks
According to the Government official, the Finance Ministry is trying to bring down the government’s equity in the Public Sector Banks (PSBs) to 52%, in...
Government Infuses Rs 10,882 Crores In Four Public Sector Banks
The government, as part of their Rs 28,615 crores capital infusion plan for seven public sector banks, has pumped Rs 10,882 crores in four public...
Oriental Bank Of Commerce reduces base rate by 0.05%
Oriental Bank of Commerce (OBC), has announced reduction in its base rate, that is the minimum lending rate by 0.05%,effective from October 3. In a...