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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...

As part of recapitalization, Government injects Rs.23.5 billion in the Central...

With banks across the country being plagued with bad loans, non-performing assets, and net losses, as part of recapitalization, the Government of India has...

PSB, Dena Bank, and Central Bank of India get new chairpersons

In an attempt to improve the functioning of Public Sector Banks in the country, the government on Thursday appointed non-executive chairpersons for Punjab and...

RBI casts PCA shadow over PNB, Canara Bank and Union Bank

With a number of banks such as IDBI Bank, Central Bank of India, Bank of India, Corporation Bank, Allahabad Bank and Dena Bank, already...

Bad loans of Public Sector Banks amount to Rs.6.89 trillion

With the banking sector in India being flung into turbulent times following the loan fraud involving Punjab National Bank and several other banks, to...

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...