India's third-biggest state lender by assets, Punjab National Bank (PNB), posted lower-than-expected second-quarter earnings as slower loan growth and worsening asset quality weighed on profits, sending its shares down over
State Bank of India today said it has fixed issue price of Rs 2 312. 78 a share for preferential allotment to the government to raise Rs 3 004 crore
Shares of entities interested in entering the banking space, including those from Reliance, Birlas, M&M and L&T groups, today surged as much as 8 per cent following RBI's guidelines for
The IIFL group has made a strong pitch for letting brokerages enter the banking fray, saying its success with 4,000-odd branches gives it the necessary bandwidth to replicate the same
Canara Bank today reported 18. 8 per cent decline in its net profit at Rs 710
Axis Bank said on Thursday it has raised a total of Rs 55. 4 billion through the sale of shares in the biggest equity deal in more than a
State Bank of India (SBI), the country's biggest lender, posted its smallest profit increase this year as bad loans constrained earnings growth, sending its shares lower.
Problem lending has risen
Shares of state-owned banks including Punjab National Bank, Union Bank and Central Bank of India today slumped by up to eight per cent on concerns of growing bad debts.
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William D. Green
Chairman & CEO, Accenture