PNB has no plans to sell its non-core assets, including subsidiaries, in the current financial year, managing director of the bank S. S. Mallikarjuna Rao said. However, the bank intends to sell some ...

An improvement in asset quality coupled with rising income and lower provisions has helped United Bank of India to post a net profit of Rs 105 crore for the first quarter of 2019-20 against a loss of ...

The success of the mega bank mergers announced last week would depend on how the lenders manage their bad loans, analysts said.On Friday, Union finance minister Nirmala Sitharaman had announced the am...

Punjab National Bank on Saturday said its board will meet on September 5 to consider the merger of Oriental Bank of Commerce and United Bank of India with itself.In a regulatory filing, the bank said ...

The government on Friday announced four separate mergers of public sector banks in which 10 lenders will combine to form a quartet of new entities, with the aim to create world-class banks with strong...

Two city-based public sector banks — United Bank of India and Uco Bank — saw a rise in non-performing assets for the quarter ended December 31, 2018. Faced with fresh slippages and rise in bad loa...

The NCLT process in certain cases is taking longer for the bank to recover its stressed assets. It is relying on alternatives such as one time settlement schemes to expedite recovery efforts in NPA.Uc...

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 ,...

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...

The mega merger of public sector banks that includes two based out of the city has put a question mark on the credit flow to priority sectors such as agriculture, MSME, export credit, housing and soci...