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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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SBI raises Rs 5,681 cr by issuing preference shares to govt

State Bank of India State Bank of India (SBI) on Friday raised Rs 5,680.99 crore by issuing preferential shares to the government. The... ...

http://smartinvestor.business-standard.com/market/Marketnews-437220-Marketnewsdet-SBI_raises_Rs_5_681_cr_by_issuing_preference_shares_to_govt.htm
Outcome of meeting of committee of directors

Union Bank of India has informed BSE that the Bank's Committee of Directors for raising of Capital Funds at its meeting held on January 20, 2017... ...

http://www.moneycontrol.com/news/announcements/union-bankindia-outcomemeetingcommitteedirectors_8312741.html
The rise and fall of managing agencies in India | BOOK REVIEW

Omkar Goswami's book Goras and Desis, traces the fascinating history of managing agencies in India LIC was in the dock in the 1950s for buying... ...

http://www.ibtimes.co.in/goras-desis-rise-fall-managing-agencies-india-book-review-712879
Banks should be given sops for NPA provisions

Mumbai, January 19: Reduction in interest rates is not the be-all and end-all for perking up loan demand from micro, small and medium... ...

http://www.thehindubusinessline.com/economy/banks-should-be-given-sops-for-npa-provisions/article9490742.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
Burglars hit bank in Mylapore

Chennai : Burglars broke into Union Bank of India during the Pongal holidays and decamped with nearly 130 sovereigns of gold jewels from three... ...

http://www.deccanchronicle.com/nation/in-other-news/190117/burglars-hit-bank-in-mylapore.html

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