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 : Corporation 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...
New Bank Timings in Maharashtra from Today
The timings of all public sector banks have been changed in Mumbai and the rest of Maharashtra from today, to improve convenience and ease of...
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....
SBI Reduces Key Lending Rates, Home Loans to Get Cheaper
The development comes after Reserve Bank of India’s Monetary Policy Committee (MPC) delivered its fourth repo rate cut in a row. “SBI has affected the...
Reserve Bank Fines 36 Banks For SWIFT Non-Compliance
The Reserve Bank Of India said it has charged penalties on 36 public, private and foreign bank domains for non-compliance with different implementation and hardening...
The Reserve Bank (RBI) Removes Three PSBs From PCA Framework
The Allahabad Bank, Corporation Bank and Dhanlaxmi Bank Ltd has been removed from the Reserve Bank of India (RBI) Prompt Corrective Action framework. The Board...
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...
Corporation Bank lowers overnight MCLR by 0.1%
Corporation Bank has lowered its marginal cost of funds based lending rate (MCLR) by 0.1% point, for overnight loan maturities. MCLR is calculated on the...