Chennai, (IANS) : Around five lakh bankers will go on strike on September 2 protesting against the central government's economic polices and anti-labour reform measures, the All India Bank Employees' Association (AIBEA) said on Thursday. In a statement, the AIBEA said...
Kolkata, (IANS) : In the era of technology-based digital banking services, the public sectors banks have to show more flexibility in using new technology, otherwise they will lose market share, Montek Singh Ahluwalia, former Deputy Chairman of the erstwhile Planning...
Chennai, (IANS) : Lower net profit or net loss and higher provisioning against bad loans marked the first quarter results of three government-owned Indian banks declared on Friday. Leading the pack was the State Bank of India (SBI) that reported a net profit of Rs...
Mumbai, (IANS) : Government-owned Bank of Baroda on Thursday said it closed the first quarter of the current fiscal with net profit of Rs 423.62 crore. In a regulatory filing in BSE, the bank said it has posted a net profit of Rs 423.62 crore for the quarter ended...
Kolkata, (IANS) : Public sector lender UCO Bank on Tuesday reported a net loss of Rs 440.57 crore in the quarter ended June 30, 2016 as compared to Rs 256.70 crore in the year-ago period. "The loss was on account of higher provisioning and lower operating profit,"...
Mumbai, (IANS) : State-run lender Union Bank on Saturday reported a 68 per cent decrease in its net profit to Rs 166.32 crore in the quarter ended June 30, as compared to Rs 518.78 crore in the corresponding period last year. The net profit in the quarter, however,...
Mumbai, (IANS) : The Reserve Bank of India (RBI) on Thursday launched a portal to curb illegal collection of money by companies. This website will enable public to obtain information regarding entities who accept deposits, lodge complaints and also share information...
Chennai, (IANS) : Public sector Indian Bank on Tuesday said it closed the first quarter of the current fiscal with a net profit of Rs 307.35 crore. In a regulatory filing in BSE, the bank said it has posted a net profit of Rs 307.35 crore for the quarter ended on June...
New Delhi/Chennai, (IANS) : Banking operations across the country were hit on Friday as around 10 lakh employees in around 40 private and nationalised banks struck work for a day to protest against the central government's policies for the sector. "The strike has...
Dubai, (IINA) : The General-Secretariat of the Union of Arab Banks (UAB) has announced the inclusion of 85 Arab banks among the top 1,000 banks in the world, WAM reported. The United Arab Emirates ranked first for the number of banks listed with 20 banks, Saudi Arabia...