Reserve Bank of India governor Shaktikanta Das has said four banks under the Prompt Corrective Action (PCA) framework are taking efforts and they are being monitored.At present, Indian Overseas Bank ,...

State-owned Bank of India and Indian Overseas Bank have reported divergences in their bad loans for the fiscal ended March 2019, resulting into widening of net losses for the year.Chennai-headquartere...

LIC-owned IDBI Bank on Thursday followed in the footsteps of its peers by reducing lending rates by 5 basis points across most tenors. The revised rates will be effective from Friday.The new one-year ...

Public sector Indian Overseas Bank has received a capital infusion of Rs 4,360 crore from the government, the bank said on Saturday. In a regulatory filing to the stock exchanges, the bank said it has...

Public sector lender Indian Overseas Bank has cut marginal cost of funds based lending rate (MCLR) by up to 0.30 per cent across all tenors, which will bring down cost for consumer loans.The benchmark...

Uco Bank is looking to raise Rs 500 crore through its Basel III compliant tier-2 bonds in a bid to strengthen its capital base.The capital adequacy ratio of the bank stood at 10.88 per cent at the end...

Hopes have brightened for banks that continue to remain under the RBI’s prompt corrective action (PCA) framework. Union finance minister Nirmala Sitharaman’s Rs 70,000-crore bank recapitalisation ...