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Bank of Maharashtra reduces its lending rates

Following the Central Bank of India’s decision to reduce the repo rate by 25 basis points to 6% from 6.25% to boost growth, State...

Cost cutting measure: Bank of Maharashtra shuts 51 branches

Bank of Maharashtra, in a bid to cut operating costs, has shut down over 50 of its branches in the country. The branches which...

Punjab National Bank to report Q4 losses amounting to Rs.27 billion

With banks like Bank of Maharashtra, Allahabad Bank, Oriental Bank, Dena Bank and UCO Bank been put under prompt corrective action (PCA) by the...

Allahabad Bank put under prompt corrective action (PCA) by the Reserve...

With Bank of Maharashtra, Oriental Bank, Dena Bank and UCO Bank already been put on prompt corrective action (PCA) by the Reserve Bank of...

Dena Bank reports Q4 net loss of Rs.12.25 billion

With the bank being put under mandatory prompt corrective action (PCA) by the Reserve Bank of India for their non-performing assets and for posting...

10 weak banks to benefit from Rs.8,586 crore capital infused by...

A top leader of the All India Bank Employees’ (AIBEA) said that the Centre will be infusing fresh capital that amounts to Rs.8,586 crore into...