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Bank With No CEO and 20% Bad Loans Shows Challenge for Modi

Bank with 20% bad loans poses challenge for Modi

Bloomberg As Indian Overseas Bank tackles the highest ratio of soured loans among lenders in Asia's third-largest economy, it doesn't help that there hasn't been a chief executive officer at the helm for about three months. The state-controlled ..., 6 days ago

790 images for state bank of india and united bank of india

Indian Express, 1 month ago
Deccan Chronicle, 1 week ago
Sify, 9 hours ago
CTV News, 9 hours ago
Indian Express, 8 hours ago
The Hindu, 3 days ago
Yahoo! India, 9 hours ago, 6 days ago
International Business Times India, 11 hours ago
CTV News, 9 hours ago

UBI receives Rs 608 cr capital infusion from govt

State-owned United Bank of India(UBI) today said it has received Rs 608 crore capital infusionfrom the government.
 Money Control1 week ago UNITED BANK OF INDIA : to issue shares to government to raise Rs 608 crore  4 Traders1 week ago United Bank receives Rs 608-cr government infusion  News24online1 week ago United Bank of India receives Rs 608 cr government infusion  Financial Express1 week ago
Money Control

Public sector banks nudge higher

Bank of India (up 2.43% at Rs 122.05), Indian Bank (up 2% at Rs 218.85), Bank of Baroda (up 1.98% at Rs 169.90), State Bank of India (up 1.78% at Rs 260.35), Canara Bank (up 1.71% at Rs 309.90), IDBI Bank (up 1.24% at Rs 77.35), United Bank of India ...
 KJMC Group2 weeks ago Buzzing stocks: GVK Power & Infra jumps, Axis Bank slips, Gujarat Alkalies up  India Infoline1 week ago Govt to infuse up to Rs 810 cr capital in United Bank of India  Money Control2 months ago
Money Control

United Bank raises Rs 1,000 cr from bonds

State-owned Union Bank of India today raised Rs 1,000 crore through bonds to fund business growth.
 Money Control1 month ago Bank recapitalisation stares at Sebi hurdles  Rediff.com2 months ago HDFC to mop up Rs 3,000 cr through masala bonds  The Financial Chronicle2 months ago

United Bank Q1 netdrops 27%

State-run United Bank of India (UBI) reported a near 27 per cent dip in net profit to Rs 38 crore for the first quarter (April to June) of this fiscal; primarily on account of increased bad loans. The Kolkata-headquartered lender had reported a net profit of ...
 Business Line1 month ago United Bank Q1 profit down 27% at Rs 38 cr  Business Standard1 month ago

United Bank gets new chief

Pawan Kumar Bajaj has taken over as Managing Director and Chief Executive Officer of the state-run United Bank of India, the bank said in a release on Wednesday.Bajaj who has three decade of experience in the industry, took charge on Tuesday.Prior to his new ...
 Prokerala1 month ago

RBS's Indian job relocations are the ultimate betrayal, says union

British employee union Unite has criticised proposals by state-backed lender Royal Bank of Scotland to relocate another 66 jobs from Britain to India, a plan it described as the ultimate betrayal of the bank's workforce. Unite, in a statement on Wednesday, ...
 Reuters2 months ago

Market Outlook: Will India's Central Bank Maintain Policy Course?

Contrary to the deflationary trend that is now being seen in developed countries like the United States and Japan, the Indian economy is facing the challenge of rising inflation. The country's central bank is on a continued mission to keep consumer ...
 Seeking Alpha5 days ago
The Telegraph

India inks Rs 2,200 crore MoU with World Bank to set up MSME training centres

PANAJI: The union Ministry for Micro, Small and Medium Enterprises (MSMEs) has signed a Memorandum of Understanding (MoU) with the World Bank for investing Rs 2,200 crore to set up training centres for MSME sector across India by 2017, minister of ...
 Times of India1 day ago Furnishing details on the data bank is compulsory for all MSMEs: Secy MSME  Capital Market1 week ago SBI pins hope on small units  The Telegraph2 weeks ago Create better business climate for MSMEs  Asian Age2 months ago
International Business Times India

INDIAN OVERSEAS BANK : First Indian bank`s coupon skip shows capital pressure, says Fitch Ratings

Dhanlaxmi Bank`s failure to pay a coupon on a subordinated debt instrument in July 2016 highlights the increased risk to bank capital investors from the mounting asset-quality and capital-adequacy pressures on India`s banking sector, according to ...
 4 Traders1 week ago Fund managers shift focus from Axis Bank to other lenders  Smart Investor6 days ago Axis Bank top Sensex loser over SUUTI stalemate; other bank shares also fall  International Business Times India1 week ago The Diverging Central Bank Policies in Asia  Yahoo! India1 week ago
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