Monday, December 5, 2022
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Bank News

EoI for IDBI Bank stake sale likely next month

Govt is likely to invite preliminary bids for selling a stake in IDBI Bank next month and the discussions with the RBI are at the final stages

Top management of PNB to get mobile handset allowance of Rs 2 lakh per year

New Delhi: State-owned Punjab National Bank (PNB) has decided to give its top management an annual allowance of Rs 2 lakh to buy mobile...

Big bang privatisation of banks can be harmful: RBI article

Big bang privatisation of public sector banks can do more harm than good, an RBI article has warned asking the government to take a nuanced approach on the issue

SBI launches its first dedicated branch for start-ups in Bengaluru

State Bank of India (SBI) on Tuesday announced the launch of its first "state-of-the-art" dedicated branch for start-ups in the country

Bank of Maharashtra tops list of PSU lenders in Q1 loan, deposit growth

Bank of Maharashtra (BoM) has emerged as the top performer among the public sector lenders in terms of the loan and deposit growth...

Lower bad loans push PSU banks’ profitability in June quarter

Public Sector Banks (PSBs) have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend

RBI hikes interest rate by 50 bps to pre-pandemic level

RBI raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation

Union Bank of India to mop up Rs 1,320 crores by issuing bonds

Union Bank of India (UBI) on Friday said it will raise Rs 1,320 crore next week by issuing bonds on a private placement basis

Bank of Baroda mulls issuing long term bonds to fund infra, affordable housing sectors

Bank of Baroda is mulling raising capital by issuing long-term bonds to finance infrastructure and affordable housing sectors in the country

SBI General Insurance appoints Paritosh Tripathi as MD & CEO

SBI General Insurance on Thursday said it has appointed Paritosh Tripathi as Managing Director and Chief Executive Officer, effective from July 5

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