Modi govt announces merger of PNB, OBC, United Bank to make India's 2nd largest PSB
Finance Minister Nirmala Sitharaman announced a mega-merger plan for public sector banks, with Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity.
Aug 30, 2019, 17:16 PM IST
Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in December
The government earlier this year pumped Rs 11,336 crore in five PSBs -- PNB, Allahabad Bank, Indian Overseas Bank, Andhra Bank and Corporation Bank -- to improve their financial health.
Nov 27, 2018, 10:49 AM IST
Govt appoints executive directors in 9 public sector banks
Bajrang Singh Shekhawat has been appointed executive director of Central Bank of India.
Oct 10, 2017, 14:53 PM IST
Andhra Bank launches mobile app
State-owned lender Andhra Bank said it has launched a mobile app for its customers.
May 31, 2017, 16:02 PM IST
Finance Ministry in talks with PSBs to get a fix on growth plans, funding
The finance ministry has initiated detailed discussions with select public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.
Apr 23, 2017, 12:10 PM IST
Andhra Bank Q1 net up 89.27% at Rs 202.52 crore
Andhra Bank on Saturday reported a 89.27 percent jump in Net profit at Rs 202.52 crore for the first quarter ended June 30, 2015, on improved asset quality.
Jul 25, 2015, 14:28 PM IST
Andhra Bank Q4 profit jumps over twofold to Rs 185 crore
The public sector bank had posted a net profit of Rs 88.08 crore in the same period last financial year, it said in a filing to the BSE.
Apr 27, 2015, 13:32 PM IST
Andhra Bank fixes Rs 90.69/share price for pref issue to govt
State-owned Andhra Bank today said the issue price for the proposed preferential allotment of equity to government has been fixed at Rs 90.69 per share.
Feb 16, 2015, 21:49 PM IST
Andhra Bank Q3 Net up over 4-fold to Rs 202 crore on higher income
"Total income has increased from Rs 3,900.54 crore for the quarter ended December 31, 2013 to Rs 4,540.61 crore for the quarter ended December 31, 2014," the bank said in a filing to the BSE.
Jan 30, 2015, 15:24 PM IST
Coimbatore Zone aims to achieve Rs 5,000 crore business
The Coimbatore Zone of Andhra Bank aims to achieve a business level of Rs 5,000 crore by the end of this fiscal, a top bank official on Monday said.
Nov 24, 2014, 16:10 PM IST
Andhra Bank net jumps 2-fold at Rs 144 crore in Jul-Sept qtr
Public sector Andhra Bank's net profit more than doubled to Rs 144.49 crore in the second quarter ended September 31, 2014-15 on higher income from retail banking operations.
Oct 30, 2014, 17:42 PM IST
RBI penalises ICICI Bank, Canara Bank, Yes Bank & 9 others
ICICI Bank, Axis Bank, Canara Bank, IDBI Bank, Yes Bank and seven other banks have been penalised in the case of Deccan Chronicle Holdings, the RBI said today.
Jul 25, 2014, 20:55 PM IST
