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Andhra Bank
Chandrababu Naidu will assume the office of chief minister of Andhra Pradesh for the fourth time today. PM Narendra Modi and Amit Shah are among key guests set to attend the swearing-in ceremony
Post merger of Andhra Bank and Corporation Bank, Union Bank has raised capital which has improved the capitalisation levels of the bank enhancing its ability to absorb asset quality pressures
PSU Bank merger: You'll have to take stock of your cheque books, passbooks, IFCS, ECS mandates and other things once you start dealing with the new entity
The banks affected by these changes are Dena Bank, Vijaya Bank, Corporation Bank, Andhra Bank, Oriental Bank of Commerce, United Bank and Allahabad Bank.
Union Banks it has completed IT integration of all branches of erstwhile Andhra Bank with itself
The bank's capital buffers have weakened due to the its merger with Andhra Bank and Corporation Bank earlier this year
On April 1, Punjab National Bank (PNB) took over Oriental Bank of Commerce (OBC) and United Bank of India (UBI) to become the country's second-largest lender after SBI in terms of business
Union Bank of India's Rajkiran Rai G, in an interview with Abhijit Lele, talks about managing the integration of banks amid lockdown, raising capital
Starting today, automobile companies will starting releasing sales numbers for March. According to a Business Standard report, these auto sales for the month could see a 50 per cent YoY
According to the banks, they have either put the sessions on hold or are opting for e-learning instead of classroom sessions.
Total advances by all sources - public sector banks, private sector banks and co-operative banks rose to Rs 53,5840.18 crore in September 2019 from Rs 5,33,874,07 crore in March, 2019.
Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai
From Amit Shah to address rally in Haryana to Andhra Bank slashing 25 bps today onwards, Business Standard brings you top events of the day
Deal could be valued at Rs 700 cr; Analysts say this could be seen as a direct impact of the recently-announced mega-mergers of 10 state-run banks into four
From Eveready's plan to sell battery business to Air India posting operational losses, here are the top business headlines for Monday
Two recent CoC decisions give hope to those who were pushed out of their company's management due to IBC provisions
News of the mergers comes minutes before official data is expected to confirm a fifth-straight quarter of slowing economic growth
After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017
The bank's total business grew 9.22 per cent at Rs 33,503 crore during the quarter
BS ReporterHyderabad, 16 March: Iron and Steel and infrastructure sectors contributed to almost 50 percent of Andhra Bank's gross non-performing assets (NPAs) as the bank continues to witness more slippages during the current financial year. A fresh Rs 58.35 billion were added to the gross NPAs during the first three quarters of the year while the bank was able to reduce the existing NPAs worth of Rs 19.05 billion during the same period. As a result the total gross NPAs rose to Rs 215.99 billion from Rs 176.7 billion at the beginning of the financial year, taking the ratio to an all time high of 14.26 percent.Most of the bank's exposure to Iron and Steel industry resulted in to NPAs. As much as Rs 51.18 billion outstanding loan went bad out of the total exposure of Rs 78 billion. With Rs 41.73 billion in NPAs, infrastructure sector came close second even though this sector has had the largest size of write-offs at Rs 3.63 billion followed by textiles-cotton sector with Rs 1.53 ...