Allahabad Bank has identified its focus lending areas as the bank looks to push credit offtake in 2019-20. The city-based bank has placed the agri investment segment and the mid-corporate MSME segment...

Allahabad Bank MD and CEO CH. S. S. Mallikarjuna Rao said the slippages have increased on account of the NPAs in the IL&FS accounts as well as the farm loan waiver announced in some states. There ...

North Block will infuse some Rs 48,239 crore in a dozen public sector banks to give them the minimum funds they need to improve their capital buffer and possibly come out of the Reserve Bank of Indiaâ...

Chief minister Mamata Banerjee on Friday wrote to Prime Minister Narendra Modi protesting the Centre’s decision to merge two Calcutta-headquartered public sector banks with banks headquartered in De...

When Nirmala Sitharaman announced in New Delhi the amalgamation of 10 public sector banks into four entities, one question popped up in Calcutta: will the cradle of modern banking in the country be re...

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Last-minute shopping before the Durga Puja could be disrupted as four central unions of bank officers have declared strike on September 26 (Thursday) and 27 (Friday). With September 28 being fourth Sa...

The Narendra Modi government loves to spring surprises. The announcement last Friday that 10 State-owned banks would merge to form four larger entities came straight out of the blue. Bank consolidatio...

Two Calcutta-based banks will receive a fresh dose of capital infusion worth Rs 5,235 crore from the central government as part of its recapitalisation initiative for public sector lenders.The governm...

The government plans to release Rs 28,615 crore soon to a clutch of seven weak state-run banks through recapitalisation bonds.Sources said Bank of India would get the largest share of Rs 10,086 crore,...