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Andhra Bank News
Andhra Bank, Corporation Bank, Union Bank account holders? Your banks set to merge!
Tue, Mar 31, 2020
Bank merger: Reserve Bank of India has approved amalgamation of Andhra Bank and Corporation Bank with Union Bank of India; amalgamation become effective from 1 April 2020
Modi government announces mega merger of public sector banks
Fri, Aug 30, 2019
Finance Minister Nirmala Sitharaman announced a mega-merger plan for public sector banks, with Union Bank of India, Andhra Bank and Corporation Bank getting merged into a single entity.
Andhra Bank Recruitment 2019: Vacancy for 30 Sub Staff posts, apply before 31 Aug
Sun, Aug 11, 2019
Andhra Bank has invited application for the posts of Sub Staff. The interested candidates can apply through the prescribed format on or before 31 August 2019.
Government's bank recap drive not enough for PSBs, Fitch reveals massive amount needed
Wed, Feb 27, 2019
In Fitch’s view, the authorities' approach to the banking sector has clearly shifted towards spurring lending in recent months.
Stock Alert! 12 PSBs make investors richer by 5% to 19%; know why
Thu, Feb 21, 2019
PSBs like PNB, Syndicate Bank, Bank of India, Bank of Maharashtra, Union Bank of India, Central Bank of India, Andhra Bank, Allahabad Bank, UCO Bank, Indian Overseas Bank, United Bank of India and Corporation Bank rose in the range of over 5% to nearly 19% on Dalal Street, making many investors rich.
Capital infusion in Punjab National Bank, Andhra Bank, others credit positive: Moody's
Wed, Jul 25, 2018
The government will infuse Rs 2,816 crore in Punjab National Bank (PNB), Rs 1,790 crore in Allahabad Bank, Rs 2,019 crore in Andhra Bank, Rs 2,157 crore in Indian Overseas Bank and Rs 2,555 crore in Corporation Bank.
Top 5 stocks in focus on July 25: AstraZeneca, HDFC to ICICI Prudential; here are 5 newsmakers of the day
Wed, Jul 25, 2018
Andhra bank has received an amount of Rs 2,019 crore towards the contribution of the Central Government in the preferential allotment of equity shares of the Bank.
Centre to infuse capital in these 5 public sector banks; stocks tank after soaring
Wed, Jul 18, 2018
Indian Overseas Bank shares surged as much as 13.8 per cent to their highest since June 26. PNB share price gained as much 4.1 per cent to Rs 81.95 its highest in over 3 weeks, while Corporation Bank shares hit 4-week high rising as much as 10.1 per cent to Rs 28.95.
Andhra Bank share price hits 14-year low; this Rs 5000 cr scam is reason why
Mon, Mar 12, 2018
The Enforcement Directorate on Friday filed a supplementary prosecution complaint (charge sheet) against former Andhra Bank director Anup Prakash Garg in connection with a Rs 5,000 crore bank fraud involving the Vadodara-based Sterling Biotech Ltd (SBL) of the Sandesara group of companies.
ED arrests former Andhra Bank official in loan fraud case
Sat, Jan 13, 2018
This is the second arrest in the case after the agency in November last year held Delhi-based businessman Gagan Dhawan
8 PSU banks to raise capital from market by March
Sun, Dec 03, 2017
Some banks have already got approval from the finance ministry while others are in the process of getting the green signal for raising capital either through private placement or the rights issue, they said.
Government to reduce stake in these two banks through QIP
Tue, Jun 27, 2017
Government is planning to reduce its stake Andhra Bank and Dena Bank through Qualified Institutional Placement.
Andhra Bank lowers home loan rates across various tenors; effective January 3
Wed, Jan 04, 2017
Following several banks' rate cut moves in recent days, Andhra Bank has lowered its home loan rates across various tenors. The bank has revised marginal cost of funds based lending rate (MCLR) in the range of 8.45% to 8.65% for home loans with various tenors.
WATCH: Top 7 corporate news this afternoon; From Andhra Bank receiving board's nod to Apollo Hospitals partnering with Chinese company
Tue, Jun 21, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Today's top seven corporate news: 1. Andhra Bank's board okays raising Rs 1,000 crore via bonds
Amid RBI concerns of non-functional ATMs, banks miss target of setting up new machines
Sun, May 29, 2016
With the addition, the total number of ATMs of public sector banks increased to 1,42,557 at March-end.
CBI lodges case against Paramount Airways, raids at 7 places
Thu, May 05, 2016
Paramount Airlines had started its operation in 2005 and was flying to South and Eastern part of India before it wound up its operation in 2010.