Bank Updates Only: 2019

Saturday, December 28, 2019

Expected DA for Bankers from February 2020

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These PSU Banks to get Rs.8,655 crore for preferential allotment

The government has approved releasing Rs.8,655 crore to three public sector lenders -- Allahabad Bank, Indian Overseas Bank (IOB) and UCO Bank -- for preferential allotment of shares.

The Ministry of Finance has approved infusing fresh capital amounting to Rs.2,153 crore in Allahabad Bank, Rs.2,142 crore in UCO Bank and Rs.4,630 crore in IOB via for preferential allotment....

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Wednesday, November 6, 2019

Canara bank net profit rises 21.83% in Q2

Canara Bank net profit rose 21.83% to Rs 364.92 crore on 14.06% increase in total income to Rs 14,461.73 crore in Q2 September 2019 over....

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Tuesday, November 5, 2019

Punjab National Bank(PNB) report profit in Q2

Punjab National Bank (PNB) on Tuesday reported a net profit of Rs 507.05 crore for the September quarter.

The state-run lender had reported Rs 4,532.35 crore loss in the corresponding...

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Monday, November 4, 2019

Indian Overseas Bank Q2 net loss widens

Public lender Indian Overseas Bank on Monday reported widening of net loss to Rs 2,253.64 crore for the second quarter ended September 30, 2019, on account of...

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Friday, November 1, 2019

Central Bank of India back into profit in Q2

Central Bank of India was back in the black, logging a consolidated net profit of Rs 138.58 crore for the September quarter of the current fiscal as bad loans came down. The state-owned lender...

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Bank of India(BoI) posts profit in Q2 due to lower provision

State-owned Bank of India (BoI) on Friday reported a net profit of Rs 266.37 crore for the second quarter ending September 30, due to a decline in ....

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Thursday, October 31, 2019

DA increased for Bankers from Nov-19

DA increased for Bankers from Nov-19 to Jan-20...

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Syndicate Bank reports net profit in Q2

Syndicate Bank reported a net profit of Rs 251.05 crore in Q2 September 2019 over a net loss of Rs 1,542.54 crore in....

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Wednesday, October 30, 2019

United Bank of India reports net profit in Q2

State-owned United Bank of India reported a net profit of Rs 123.88 crore in the second quarter ended September 30, on the back of substantially lower dud loans, leading to lower provisioning ....

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Friday, October 25, 2019

State Bank of India(SBI) Q2 profit zooms three-fold

Public sector State Bank of India on Friday posted a 218 per cent jump in standalone net profit for the September quarter to Rs 3,011.73 crore. The lender had posted a profit...

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Wednesday, October 23, 2019

Indian Bank Q2 net profit more than doubles

Indian Bank on Wednesday said its second quarter net profit more than doubled on higher other income and a decline in provisioning....

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Tuesday, October 22, 2019

Oriental Bank of Commerce (OBC) Q2 result, profit rise QoQ

State-owned Oriental Bank of Commerce (OBC) posted net profit of Rs125.9 crore in the quarter-ended September, up 23%.....

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AIBEA Wants PMC Bank to be Merged with any PSU Bank

Though the 11th Bipartite Wage revision of the Public Sector Banks are still pending for more than two years with the reason of higher Non performing assets (NPA), the employees union of the Public Sector Bank, All India Employees Association (AIBEA) geenral secretary has requested the finance minister to merge the defunct Punjab & Maharashtra Co-operative Bank with a Public sector Bank and lift the ban on

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