The Indian government’s finance ministry is expected to propose stake dilution in four nationalized banks in the near future. The government will likely seek cabinet approval to reduce its shareholdings in Central Bank of...
Read MoreTamilnad Mercantile Bank Limited has appointed Shri. S. Ilangovan as the new Head of Internal Audit, effective November 11, 2024. He will serve in this role for a period of three years, replacing Shri. K. Ananth, whose term will...
Read MoreThe Valuation Formats of Indian Overseas Bank (IOB) for 2024-2025, as specified by the Council of Engineers and Valuers, have been announced. These formats are used to value various immovable properties, including residential...
Read MoreIndian Overseas Bank, Coimbatore Regional Office, organized a Walkathon at Race Course in Coimbatore to promote awareness about fighting corruption and to observe Vigilance Awareness Week. The event was flagged off by Shri K....
Read MoreIOB (Indian Overseas Bank) plans to sell non-performing assets (NPAs) worth ₹13,000 crores, which is one of the largest sales of NPAs in the country. The bank is divesting 92 NPAs with a combined value of ₹13,000 crores through...
Read MoreIndian Overseas Bank (IOB), a state-owned bank, has reported significant growth in the last quarter ending September. The bank’s total deposits have increased by 13.75% to Rs 3,10,652 crore, which is a decent growth rate...
Read MoreThe article discusses the current fixed deposit (FD) interest rates offered by various banks in India for a 3-year tenor. According to the article, the RBI has reduced the repo rate, which affects FD interest rates. Despite...
Read MoreAs of 10:27 AM, PSU banks were exhibiting a mixed performance. UCO Bank led the gainers’ list, surging 3.06% to ₹47.08. Indian Bank and Bank of Baroda also saw minor gains. On the other hand, Central Bank of India recorded...
Read MoreBefore Diwali, public sector banks in India have announced a significant development for homebuyers. Several public sector banks, including Central Bank of India, Canara Bank, Indian Overseas Bank, Bank of Baroda, and Punjab...
Read MoreHere is a summary of the article within the 200-word limit: The article provides an update on the Marginal Cost of Fund-Based Lending Rate (MCLR) for various public and private sector banks in India, effective from October 2024....
Read MoreThe public sector banks in India play a crucial role in the country’s financial landscape, driving financial inclusion and socio-economic progress. The article provides an overview of the top 10 public sector banks in...
Read MoreState-run lender has reported a significant growth in profits and income for the April-June quarter. The bank’s net profit increased by 27% to Rs 633 crore, compared to Rs 500 crore in the same period last year. Total...
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