The merger will create India’s third largest bank, with total business worth Rs 14.82 lakh crores.
20 Sep 2018 1:45 AM
Currently there are nine banks still placed under the prompt corrective action (PCA) framework of the RBI.
19 Sep 2018 11:26 AM
Shares of Bank of Baroda dived 13.76 per cent to Rs 116.50 and Vijaya Bank lost 2.59 per cent to Rs 58.25.
18 Sep 2018 12:55 PM
The merged entity will have a market share of about 6.8 per cent by loans, according to data as of March 2018.
18 Sep 2018 10:58 AM
Merged entity will be 3rd largest bank after SBI and PNB in terms of size, deposits and will continue to receive capital support from govt.
18 Sep 2018 10:29 AM
The merged entity will have a combined business of Rs 14.82 lakh crores, with 10,000 branches and around 85,000 employees.
18 Sep 2018 1:04 AM
For the entire fiscal, 2017-18, the bank has posted a net loss of Rs 1,923.15 crore.
11 May 2018 5:22 PM
The two banks- SBI and Dena Bank were given few days to wind up their operation.
11 Jan 2018 1:20 AM
The loans with 3 and 6 month and 1 year tenors will have a reduced MCLR by 0.15 per cent.
29 Sep 2017 5:26 PM
For deposits above Rs 25 lakh interest rate will remain unchanged at 4 per cent per annum.
21 Aug 2017 4:52 PM
For loans up to Rs 75 lakhs, the rate (marginal cost of funds based lending rate) is 8.60 per cent/ per annum.
16 Jun 2017 9:40 AM
RBI may also impose restrictions on the bank on borrowings from interbank market.
10 May 2017 2:01 PM
Bank had reported a loss of Rs 326.38 crore in same period of previous fiscal.
09 May 2017 5:21 PM