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Allahabad Bank And Indian Overseas Bank

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PM seeks contributions for relief work

In view of the appeal by the prime minister to all citizens to donate generously to the PMNRF to help relief and rehabilitation operations, 12 banks have been authorised to receive such......

Who is this 'Yashpal Kapoor' on the Swiss bank accounts list?

Is this 'Yashpal Kapoor' the late Congress leader, one of Indira Gandhi's closest aides in the 1970s? Sheela Bhatt/ Rediff.com reports. Rediff.com had reported on Sunday, October 26, 2014, that the......

CBI books billionaire Nirav Modi in Rs 280 cr cheating case

The Central Bureau of Investigation has booked diamond merchant Nirav Modi, his brother, wife and a business partner for allegedly cheating the Punjab National Bank of over Rs 280.70 crore in......

Allahabad Bank divests CEO Usha Ananthasubramanian of all powers

It further asked the government to make suitable arrangements for smooth functioning of the bank. The Board of state-owned Allahabad Bank on Tuesday divested its MD and CEO Usha......

Antwerp court clears fugitive jeweller Mehul Choksi's extradition

A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of......

Banks eye insurance sector

Insurance has become the proverbial goose laying golden eggs for public sector banks which are foraying into the sector in a big way. This year, at least eight public sector banks are set to scrap......

Fitch upgrades ratings for banks

Global rating agency Fitch has upgraded its support ratings for several Indian banks, including ICICI Bank, HDFC, Punjab National Bank, Canara Bank, Bank of India and IDBI among others. The support......

Why are these 3 state-run banks in bad shape?

Indian Overseas Bank, a state-run lender, reported its second straight quarterly loss on Thursday as bad loans surged, sending its shares down as much as 10 percent. UCO Bank and Allahabad Bank,......

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