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Bank stocks in demand, UCO Bank surges over 12%

Tuesday, January 1, 2019, 10:18 PM

Bank stocks in demand, UCO Bank surges over 12%

Bank stocks were in demand Tuesday after the government infused Rs.10,882Cr in four public sector lenders, with UCO Bank surging over 12%. Shares of UCO Bank soared 12.10% to close at Rs.22.70 apiece on BSE. Bank of Maharashtra gained 3.83%, Central Bank of India went up by 1.36% and Syndicate Bank rose by 1.27%.

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Finance ministry expects 3-4 banks to be out of PCA this fiscal: Report

Sunday, November 25, 2018, 12:45 PM

Finance ministry expects 3-4 banks to be out of PCA this fiscal: Report

The finance ministry hopes that 3-4 banks would come out of the RBI's Prompt Corrective Action watchlist this fiscal, following the expected modification of guidelines and an apparent improvement in the bottom line of the public sector banks, sources said. Of the 21 state-owned banks, 11 are under the PCA framework, which imposes lending and other restrictions on weak lenders.

Article

 

09 October 2018, Tuesday

Repo Rate vs Bank Rate

Repo Rate and Bank Rate are two of the tools used by the Central Bank (Reserve Bank of India) to control money supply, interest rates, inflation and s ...

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Paytm takes on Amex, Visa, Mastercard over data storage rules

Wednesday, July 25, 2018, 3:02 PM

Paytm takes on Amex, Visa, Mastercard over data storage rules

US payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked bitter industry spat pitting them against local rival Paytm, according to sources and documents seen. India's central bank directed payment firms to store data locally for "unfettered supervisory access" move companies such as Visa, Mastercard and American Express fear would cost millions of dollars.

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PNB, Central Bank, Corporation Bank to get Rs 10,000 crore from govt

Tuesday, July 17, 2018, 4:46 PM

PNB, Central Bank, Corporation Bank to get Rs 10,000 crore from govt

The finance ministry is likely to infuse about Rs.10,000 crore within a few days in some state-owned banks including Punjab National Bank, Corporation Bank and Central Bank of India, to help them meet their regulatory capital requirements, people aware of the matter said. The new round of infusion will be between Rs.8,000 crore and Rs.10,000 crore, people familiar with the matter said.

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Bank manager asks sexual favours from farm loan applicant; booked

Saturday, June 23, 2018, 11:03 AM

Bank manager asks sexual favours from farm loan applicant; booked

A branch manager of Central Bank of India in Buldhana district has been booked for allegedly demanding sexual favours from a farmer's wife seeking crop loan, police said today. The woman had accompanied her husband to the bank where they had applied for a crop loan at Datala in the Malakapur Tehsil, they said.

News

 
Govt appoints chairpersons of Dena, Punjab & Sind and Central Bank

Thursday, May 24, 2018, 4:56 PM

Govt appoints chairpersons of Dena, Punjab & Sind and Central Bank

The government has appointed non-executive chairpersons for three state-run banks based on the suggestions of Banks Board Bureau. Former RBI Director Charan Singh has been appointed at Punjab & Sind Bank. Anjali Bansal, former MD of TPG Private Equity, has been appointed at Dena Bank, while former Corporate Affairs Secretary Tapan Ray will take charge at Central Bank of India.

Article

 

07 November 2009, Saturday

Investing in Bullion - Bullion Gold Market

Investing in Bullion - Bullion Gold Market A metal is usually deemed to be precious if it is rare. The discovery of new sources of ore or improveme ...

Article

 

21 February 2009, Saturday

What is Central Bank of India?

Central Bank of India A Central Bank or reserve bank, by definition, is the organization within a particular country or union of countries that r ...

Article

 

21 February 2009, Saturday

Reserve Bank of India (RBI)

RBI was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank ...

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