SBI results signal PSU banks' record bad loans peaking
Given the grim situation, the Indian government last month announced a $32 billion recapitalisation of state lenders to help resolve bad loans and kick-start lending growth.
Nov 10, 2017, 16:55 PM 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
BOI slashes savings rate to 3.5% for deposits up to Rs 50 lakh
Public lender Bank of India has reduced interest rate on savings bank accounts by 50 basis points to 3.5 percent on deposits of up to Rs 50 lakh.
Aug 24, 2017, 12:43 PM IST
After SBI, Bank of India also considering reduction in savings rate
Bank of India has said it is considering reducing the Savings Bank account rate on the lines of State Bank of India and also the interest rate on deposits.
Aug 21, 2017, 15:02 PM IST
Bank of India back in black on better asset quality; Q1 net at Rs 88 crore
Upgradation stood at Rs 1,379 crore in Q1 as compared to Rs 2,209 crore in the year-ago period and Rs 1,071 crore in the March 2017 quarter.
Aug 09, 2017, 13:15 PM IST
12 PSU banks firming plans to raise funds from markets
Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.
Aug 06, 2017, 16:53 PM IST
Nine out of 21 public sector banks reported losses in FY17
Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17, the parliament was informed on Tuesday.
Jul 18, 2017, 15:28 PM IST
Number of public sector banks may go down to 12 as government mulls consolidation
The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.
Jul 16, 2017, 12:56 PM IST
Bank of India trims Q4 loss to Rs 1,045 crore; checks bad loans
Bank of India has narrowed net loss to Rs 1,045.54 crore in the fourth quarter of last fiscal as it contained bad loans.
May 22, 2017, 14:28 PM IST
Govt appoints heads of 7 PSU banks; MDs of PNB, BoI shifted
PNB MD Usha Ananthasubramanian has been shifted to relatively small Kolkata-based Allahabad Bank while head of Bank of India Melwyn Rego will move to Syndicate Bank with immediate effect.
May 06, 2017, 10:25 AM IST
BOI sells entire 5% stake in TransUnion CIBIL for Rs 190.62 cr
Public sector lender Bank of India (BOI) has sold its entire 5 percent stake in credit information firm TransUnion CIBIL Ltd to TransUnion International Inc for Rs 190.62 crore.
Mar 23, 2017, 12:58 PM IST
Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'
As banks and ATMs on continue to witness chaos, famous novelist Chetan Bhagat on Saturday opined, while demonetisation might be well-intentioned, the poor execution of an idea leads to problems for ordinary citizens.
Nov 12, 2016, 11:45 AM IST
BOI sells 18% stake in insurance JV to partner Dai-ichi Life
State-owned Bank of India (BOI) has sold 18 percent stake in the insurance joint venture Star Union Dai-ichi Life Insurance Company Ltd (SUD) to its Japanese partner.
Sep 26, 2016, 16:37 PM IST
BoI net loss soars to Rs 3,567 cr as bad loans bite
The bank had reported a net loss of Rs 56 crore in the same quarter last year.
May 25, 2016, 09:20 AM IST
After SBI, UCO Bank and two other public lenders to get merged?
After asking State Bank of India (SBI) to merge its 5 associate banks, the government may ask three other public lenders namely UCO Bank, Bank of India and Indian Overseas Bank with financially sound bank
May 19, 2016, 14:00 PM IST
3 PSU banks to get Rs 2,375-crore capital infusion from govt
As many as three public sector lenders including Bank of India and Central Bank of India on Tuesday received the approval from government for capital infusion of up to Rs 2,375 crore.
Mar 29, 2016, 20:23 PM IST
BoI to get Rs 1,150 crore capital infusion from government
State-run Bank of India (BoI) today said the government has approved a capital infusion of Rs 1,150 crore in lieu of preferential allotment of shares.
Mar 29, 2016, 17:04 PM IST
BoI to get Rs 1,150-cr capital infusion from govt
State-run Bank of India (BoI) on Tuesday said the government has approved a capital infusion of Rs 1,150 crore in lieu of preferential allotment of shares.
Mar 29, 2016, 17:04 PM IST
Fire in bank branch in Burdwan
Fire broke out at a bank branch at Jaugram in Burdwan district damaging documents, furniture and computers.
Mar 08, 2016, 15:20 PM IST
Rising capital needs put PSU banks at downgrade risk: S&P
Capital requirements of PSU banks for provisioning of bad loans are likely to shoot up exposing them to possible downgrades, S&P said today as it trimmed outlook on Bank of India to 'negative' from 'stable'.
Feb 16, 2016, 21:22 PM IST
