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The amalgamation of Andhra Bank and Corporation Bank with Union Bank came into effect from April 1, 2020.

UCO Bank Reports Q3 Net Profit Of Rs 35.44 Cr

Banking & Finance Personal Finance

The bank's bad loans ratio stood at 9.80 per cent of the gross loans in the quarter ended December 2020, as against 19.45 per cent in the year-ago period.

What You Need to Know About ‘No Claim Bonus’ In Motor Insurance

Vivek Chaturvedi

A no claim bonus in motor insurance gives you a special benefit by reducing the car insurance premium

Asset Quality Stress Touches 'Peak', GNPAs May Rise After SC Order: Yes Bank

The bank’s efforts at cost saving through interventions like optimising real estate will bear full fruit in FY22, Kumar said, adding that it is an ongoing exercise.

Yes Bank Reports Q3 Net At Rs 147 Cr; COVID Ups Stressed Assets

The net interest margin came at 3.4 per cent, but the same is not sustainable as once the SC ruling on standstill accounts comes in, there will be interest outgo

PNB Raises Rs 495 Cr Via AT-1 Bonds

The bank has issued and allotted Rs 495 crore Additional Tier - 1 (Basel III Compliant) Capital Bonds at a coupon of 8.6 per cent per annum on private placement basis, PNB said in a regulatory filing.

Bandhan Bank Shares Fall Over 7 %

Total income during the period under review rose 38.3 per cent to Rs 2,625 crore from Rs 1,898 crore a year ago

Indian Bank Gets Board Approval To Raise Rs 4,000 Cr From Share Sale

Total income during the quarter under review was Rs 11,421.34 crore, up from Rs 6,505.62 crore in the same period a year ago.

HDFC Bank Stock Falls After Sebi Imposes Rs 1 Cr Fine

Shares of the private lender were trading at Rs 1,453.35 apiece, falling 1.39 per cent over the previous close.

Bandhan Bank Q3 Profit Falls 14 Pc At Rs 633 Cr

Total income during the period under review rose 38.3 per cent to Rs 2,625 crore from Rs 1,898 crore in the same period of 2019-20

Federal Bank Q3 Profit Declines 8 Pc To Rs 404 Cr

Total income, however, improved to Rs 3,941.36 crore during the third quarter as against Rs 3,738.22 crore a year ago, Federal Bank said in a regulatory filing.

Insurers Asked To Adopt One Aspirational District Each, Says IRDAI Chairman

Life insurance penetration in the country is 3.6 per cent of the GDP, way below the global average of 7.13 per cent, and in case of general insurance it is even worse at 0.94 per cent of GDP, as against the world average of 2.88 per cent.

SBI MF Targets To Collect Rs 2,000 Cr From Retirement Scheme

The scheme offers an option to avail Term Insurance of up to Rs 50 lakh on SIPs (systematic investment plan), and a facility for regular cash flows in dividend option which can be used for retirement planning

Bank Of America Hopes For Loan Growth Bounce After Muted Quarter