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Home, auto loans to become cheaper as SBI, PNB, UBI slash lending rates

Top PSU lenders State Bank, Punjab National Bank and Union Bank on Sunday slashed their benchmark lending rates by up to 90 basis points, a day after Prime Minister Narendra Modi asked banks to......

PSU stocks better placed in current market meltdown

Among PSBs, the top gainers have been Union Bank of India and Corporation Bank, whose shares have rallied more than 15% each. Indian Bank and Bank of Baroda, too, registered a double-digit rise,......

Banks in no hurry to cut lending rates

SBI chairperson says transmission only after deposit rates come downThe Reserve Bank of India cut its key policy rate by 25 basis points and vowed to improve liquidity in the market but banks are......

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......

Greece crisis to have no impact on us: UBI chief

Arun Tiwari (photographed below), chairman and managing director of Union Bank of India, says the worst is over so far as asset quality is concerned, as slippages are coming down and recoveries are......
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PSU banks gain; Bank of Baroda up 4% after huge block deal

SBI, Syndicate Bank, Andhra Bank, Oriental Bank of Commerce, Union Bank of India, Bank of India and Punjab National Bank were up 1% to 2% on NSE... ...

http://www.business-standard.com/article/markets/psu-banks-gain-bank-of-baroda-up-4-after-huge-block-deal-117092000595_1.html
Weakening of Rupee, Oil Prices, Axis Bank & Other Top Cues in Action Today

Posted by Equitymaster Indian stock markets ended the previous session at a three-week high as a weaker-than-expected economic growth data raised... ...

http://www.equitymaster.com/tm/tm.asp?date=9/4/2017&title=Weakening-of-Rupee-Oil-Prices-Axis-Bank--Other-Top-Cues-in-Action-Today
Cabinet fast-tracks merger of public sector banks

The mergers will not involve any cash but only share swaps The Cabinet on Wednesday approved a framework to speed up mergers of public sector... ...

http://www.rediff.com/money/report/cabinet-fast-tracks-merger-of-public-sector-banks/20170824.htm
Banking stocks help Sensex close 276 points higher

The broader Nifty ended on top of 9,800 again. Illustration: Uttam Ghosh/Rediff.com A late surge in banking stocks, spurred by Cabinet decision on... ...

http://www.rediff.com/money/report/how-the-markets-fared-on-august23/20170823.htm
ED attaches Rs 48 cr assets in medical aspirants cheating case

The Enforcement Directorate today attached assets worth Rs 48 crore of the chairman of an educational trust in connection with a money laundering... ...

http://www.deccanherald.com/content/629512/ed-attaches-rs-48-cr.html

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