Mon, Apr 08, 2024
Punjab National Bank's total advances in the fourth quarter were up by 11.5 per cent to Rs 9.86 lakh crore Year-on-Year (YoY). Its total deposits of the bank grew by seven per cent in the fourth quarter to Rs 13.70 lakh crore. After the results, Morgan Stanley maintained an 'underweight' rating for PNB with a target price of Rs 70. On the other hand, Bank of Baroda's domestic deposits increased by 7.75 per cent to Rs 11.28 lakh crore in the fourth quarter this fiscal from Rs 10.47 lakh crore in the same quarter last year.
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Fri, Apr 05, 2024
Total business of the Punjab National Bank rose 8.8 per cent to Rs 23.56 lakh crore as compared to Rs 21.65 lakh crore at the end of March 31, 2023.
Tue, Mar 26, 2024
Delhi Metro Rail Corporation (DMRC) awarded the naming rights to the bank for a period of 10 years, beginning from 2024, BoB said in a statement.
Wed, Sep 26, 2018
Aadhaar verdict: The Supreme Court of India has not just upheld the constitutional validity of Aadhaar but also stopped its unnecessary use.
Mon, Sep 24, 2018
The Centre has now started the consolidation of regional rural banks (RRBs) along with the public sector lenders (PSBs).
Fri, Sep 21, 2018
It is a season of PSB mergers! However, from SBI to Punjab National Bank, public sector banks are reacting in horror at prospects of more mergers.
Tue, Sep 18, 2018
Bank of Baroda, Vijaya Bank and Dena Bank boards are expected to meet in 10 days time to decide the course of merger.
Centre will merge these banks next? As per this BoB, Vijaya, Dena Bank merger ''formula'', the answer is in the affirmative. The likely targets? PNB, Indian Bank, IOB; Canara, Syndicate, UCO
It needs to be noted that, Bank of Baroda is seen as a strong bank, while Vijaya Bank slightly better and Dena Bank is the weakest entity in the group.
The decision by government, which owns majority stakes in 21 banks, to merge the three banks will first need to be approved by each of the bank's board of directors, and then an amalgamation scheme would be prepared.
Bank of Baroda, Vijaya Bank, Dena Bank merger would be the second big amalgamation exercise in the banking sector after the SBI associate banks with the SBI.
Domestic stock markets closed in red on September 17, 2018, after the Sensex tanked by 505.13 points and the Nifty 50 slumped by 137.45 points
"This is a progressive move and signifies the government's determination to strengthen the banking sector in the country for a better performance and service delivery," said Rashesh Shah, President of Ficci.
Mon, Sep 17, 2018
Bank of Baroda, Vijaya Bank, Dena Bank merger: The Union government has decided to merge Bank of Baroda, Vijaya Bank and Dena Bank.
Wed, Jul 18, 2018
Bank of Baroda Recruitment 2018: BOB Admit Card 2018 PO Exam has been released for the online entrance examination for the nine months Post Graduate Certificate in Banking and Finance course at Manipal School of Banking in Baroda for the recruitment of Probationary Officers.
Tue, Jun 12, 2018
BoB recruitment 2018: Bank of Baroda has issued notification to fill up the posts of Probationary Officers. There are 600 PO posts. Recruitment will be through admission to Baroda Manipal School of Banking
Mon, Jun 11, 2018
Nifty PSU bank index gained as much as 1.9 per cent to its highest since April 10. Fraud-hit Punjab National Bank was the top gainer on the index, rising as much as 4.7 per cent to Rs 94.70 rupees, highest in over a month.
Mon, Jun 04, 2018
Lending has become such a fraught exercise, that each quarter PSBs have witnessed weak earnings, higher provisions and NPA.
Tue, May 29, 2018
The strike is carried on the back of a salary hike demand of 2% made by the Indian Banks Association (IBA).
Thu, May 10, 2018
BoB Recruitment 2018 notification: Candidates should notice the important dates for Sales Executive & Other Posts, because the online application day has begun from May 2, 2018, and the last date for the same is May 25, 2018. The candidates will be selected on the basis of a written examination, group discussion followed by a Personal Interview. For complete details, candidates can go through the official notification issued by the Bank of Baroda.
Mon, Apr 23, 2018
The Bank of Baroda recruitment 2018 updates can be checked at bankofbaroda.co.in. It should be noted that the selected candidate will be required to sign an employment contract
Wed, Apr 04, 2018
The FIU said the bank failed to have effective internal system in place for disposal of 8,692 alerts, detecting and reporting suspicious transactions, failure in carrying out effective customer due diligence in respect of 73 accounts, delayed filing of 8,822 EFT (electronic funds transfer) reports and failure to file EFT reports in respect of transactions in two separate accounts.
Tue, Feb 27, 2018
The Income Tax Department on Monday said it has filed six cases for the prosecution of Rotomac owner Vikram Kothari in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.
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