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Number of public sector banks may go down to 12 as government mulls consolidation

Number of public sector banks may go down to 12 as government mulls consolidation

The 21 public sector banks would get consolidated to 10- 12 in the medium term, the official said.

Fitch affirms rating of 8 banks at 'BBB-'; outlook stable

Fitch affirms rating of 8 banks at 'BBB-'; outlook stable

Bank of Baroda (New Zealand), Punjab National Bank, Canara Bank, Bank of India, ICICI Bank and Axis Bank's rating has been also affirmed at 'BBB-'.

Names of PNB, Bank of Baroda, Canara Bank to be changed after merger

Names of Punjab National Bank (PNB), Canara Bank and Bank of Baroda will be changed after merger according to the sectors. Watch full video to know top 10 business news of the day.

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PSBs plan to mobilise Rs 58,000 crore from capital markets this fiscal

PSBs plan to mobilise Rs 58,000 crore from capital markets this fiscal

Public sector banks, including SBI, Bank of Baroda and IDBI Bank, plan to raise Rs 58,000 crore through equity dilution during the current fiscal to meet Basel-III norms and clean up their balance sheets.

RBI policy, macro data, monsoon to guide markets

RBI policy, macro data, monsoon to guide markets

RBI's monetary policy review, key macroeconomic data and progress of monsoon rains would influence market sentiment this week, say experts.

Bank of Baroda to raise up to Rs 9,000 crore by end-FY18

Bank of Baroda to raise up to Rs 9,000 crore by end-FY18

Public sector Bank of Baroda will raise up to Rs 9,000 crore by tapping investors both from India and overseas markets by the end of the current fiscal.

Govt keen to push ahead with more PSB consolidation

Govt keen to push ahead with more PSB consolidation

Fresh from the successful merger of five associates with SBI, the government is looking to consolidate more public banks going forward, with an aim to create only a few lenders of global size and scale.

BoB Rs 6,000 crore PMLA case: ED arrests two businessmen

BoB Rs 6,000 crore PMLA case: ED arrests two businessmen

The ED had earlier termed this case to be an alleged incident of trade-based money laundering, where accused traders evaded custom duties and taxes to generate slush funds.

ICICI Bank, SBI, StanChartered top bank frauds list: RBI

ICICI Bank, SBI, StanChartered top bank frauds list: RBI

ICICI Bank topped the list of banks that witnessed most number of frauds during April-December period of 2016 with state-owned SBI taking the second spot, RBI data said.

No major impact on Indian banks in UK post-Brexit: SBI UK chief

There will be no major impact on Indian banking operations in the UK post-Brexit and the British capital will continue to be the global "financial hub", according to the UK chief of State Bank of India.

Bank of Baroda launches debit card EMI facility for its customers

Bank of Baroda launches debit card EMI facility for its customers

State-run Bank of Baroda on Wednesday launched EMI facility for its debit card holders to purchase electronics and consumer durables products.

This is how you can get bank loan at lowest rate

This is how you can get bank loan at lowest rate

State-run Bank of Baroda recently reduced home loan rates to the industry's lowest level of 8.35 percent --Know how you can avail it.

Bank of Baroda offers lowest home loans rates at 8.35%

Bank of Baroda offers lowest home loans rates at 8.35%

State-run Bank of Baroda on Monday reduced home loan rates by 70 basis points to the industry's lowest level of 8.35 percent that will be applicable for customers having a strong Cibil scores.

Bank of Baroda joins rate cut bandwagon, slashes lending rates by up to 0.75%

Bank of Baroda joins rate cut bandwagon, slashes lending rates by up to 0.75%

Joining the rate cut bandwagon, Bank of Baroda on Thursday lowered its lending rates by up to 0.75 percent -- which will lead to cheaper home and corporate loans.

 

Demonetisation: 10 cases, 16 arrests so far by CBI for violation of rules

Demonetisation: 10 cases, 16 arrests so far by CBI for violation of rules

The CBI on Tuesday lodged a case against a Bank of Baroda official in Kolkata for converting old currency in violation of rules.

Demonetisation impact: Bank of Baroda cuts lending rate by 0.2%

Demonetisation impact: Bank of Baroda cuts lending rate by 0.2%

As banks continue to be flushed with deposits thanks to demonetisation move of the Modi government, state-owned Bank of Baroda has cut benchmark lending rates by 0.2 percent.

Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'

Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'

As banks and ATMs on continue to witness chaos, famous novelist Chetan Bhagat on Saturday opined, while demonetisation might be well-intentioned, the poor execution of an idea leads to problems for ordinary citizens.

BoB cuts MCLR rate by 10 bps across tenors

BoB cuts MCLR rate by 10 bps across tenors

State-owned Bank of Baroda on Saturday reduced the marginal cost of fund (MCLR) based interest rates by 0.10 percentage point across different tenors with effect from November 7.

Bank of Baroda to raise up to Rs 2,000 crore via bonds

Bank of Baroda to raise up to Rs 2,000 crore via bonds

Public sector lender Bank of Baroda on Saturday said it proposes to raise up to Rs 2,000 crore on private placement basis to meet Basel III requirements.

Bank of Baroda endorses Olympians P V Sindhu, K Srikanth

Bank of Baroda endorses Olympians P V Sindhu, K Srikanth

Bank of Baroda logo will now appear on the centre chest of the two athletes' playing jerseys in international and domestic tournaments under the aegis of Badminton World Federation Events- (BWF) and Badminton Association of India-sanctioned events, respectively.