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Rs 1 crore in new notes seized in Maha, Chandigarh

IMAGE: Police seized Rs 30 lakh in new notes of Rs 2,000 and arrested four in Nashik, Maharashtra. Photograph: PTI Photo Raids by police and Enforcement Directorate officials led to more seizure......

Govt infuses Rs 13,955 cr capital into 8 PSU banks

Bank of India, Canara Bank, Dena Bank, Corporation Bank and Andhra Bank are among the lenders that received capital infusion from the government. Eight public sector banks, including SBI, Punjab......

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

United Bank of India and Andhra Bank employees start organising silent protests outside houses and work places of defaulters. Bankers are resorting to 'Gandhigiri' – made famous by Rajkumar......

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

United Bank of India and Andhra Bank employees start organising silent protests outside houses and work places of defaulters. Bankers are resorting to 'Gandhigiri' – made famous by Rajkumar......

RBI seen to cut rates by 25 bps in next policy meet

Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits, C V R Rajendran, chairman and managing director,......

3 Indian banks ink JV for Malaysian arm

Three public sector lenders -- Bank of Baroda, Indian Overseas Bank, and Andhra Bank -- on Thursday entered into a joint venture agreement for setting up a banking subsidiary, India BIA Bank......
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PSU banks under pressure; PNB, Andhra Bank down 5%

Nifty PSU Bank index was down 4% as compared to 1% decline in Nifty 50 index ...

http://www.business-standard.com/article/markets/psu-banks-under-pressure-pnb-andhra-bank-down-5-117062700480_1.html
Private banks outshine PSBs in banking code compliance ratings

Amid rising competition, only 12 out of 51 banks in India were rated ‘High’ by the Banking Codes and Standards Board of India (BCSBI),... ...

http://www.mydigitalfc.com/news/private-banks-outshine-psbs-banking-code-compliance-ratings-205
Andhra Bank puts up Rs 3,871-crore NPA assets for sale, prefers cash bids

Hyderabad, 13 June: Andhra Bank has put up Rs 3,871 crore of non performing assets(NPAs) for sale, involving 113 loan accounts with a ticket size... ...

http://www.business-standard.com/article/finance/andhra-bank-puts-up-rs-3-871-crore-npa-assets-for-sale-prefers-cash-bids-117061300947_1.html
Stocks of housing finance firms, banks vault

Stocks of select housing finance companies and public sector banks gained after the RBI reduced the risk weight on high value home loans and cut... ...

http://www.mydigitalfc.com/companies/stocks-housing-finance-firms-banks-vault-029
Govt may merge 21 PSBs to create 5-6 global banks

In a fresh wave of consolidation in the banking sector, the government now plans to merge the remaining 21 public sector banks (PSB) to create 5-6... ...

http://www.mydigitalfc.com/news/govt-may-merge-21-psbs-create-5-6-global-banks-960

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