Search For "bank of india"
Edelweiss teams up with SBI for co-origination of loans to MSMEs
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sept 5 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, State Bank of India (SBI) have signed a co-origination agreement to increase access to credit for micro, small and medium enterprises (MSMEs).
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RBI makes it mandatory for banks to link retail and MSME loans to external
Updated : 6 years, 10 months ago IST
New Delhi [India], Sept 4 (ANI): The Reserve Bank of India (RBI) on Wednesday issued a circular making it mandatory for banks to link all new floating rate personal or retail loans and floating rate loans to micro, small and medium enterprises to an external benchmark.
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Moody's takes rating action on five Indian public sector banks following m
Updated : 6 years, 10 months ago IST
Singapore, Sept 4 (ANI): Moody's Investors Service on Wednesday took rating actions on Canara Bank, Oriental Bank of Commerce (OBC), Punjab National Bank (PNB), Syndicate Bank and Union Bank of India (Union Bank) that will undergo mergers as announced by the government.
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ESIC signs pact with SBI for payments to ESIC beneficiaries on real-time b
Updated : 6 years, 10 months ago IST
New Delhi [India], Sept 3 (ANI): The Employees' State Insurance Corporation (ESIC) and the State Bank of India (SBI) on Tuesday signed a memorandum of understanding to provide electronic payment services for ESIC beneficiaries.
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India on track to emerge as $5 trillion economy: Doval
Updated : 6 years, 10 months ago IST
Male [The Maldives], Sept 3 (ANI): Director of India Foundation Shaurya Doval said on Tuesday that it is natural for a robust economy like India to go through upheavals while expanding from three trillion dollars to five trillion dollars in the next five years.
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PSU Bank index falls 3.7 pc after merger plan, PNB and Canara Bank stocks
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sep 3 (ANI): Shares of public sector banks (PSBs) traded under pressure on Tuesday after the government last week unveiled a mega-plan to merge 10 of them for creating four stronger lenders with countrywide networks and global reach.
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Steering committee on fintech-related issues submits report
Updated : 6 years, 10 months ago IST
New Delhi [India], Sept 2 (ANI): The steering committee on fintech-related issues has recommended that the Department of Financial Services (DFS) works with public sector banks to bring in more efficiency and reduce security risks by leveraging artificial intelligence (AI), cognitive analyti
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Edelweiss Group, Central Bank of India partner to co-lend to MSMEs
Updated : 6 years, 10 months ago IST
Mumbai (Maharashtra) [India], Sept 2 (ANI): ECL Finance, a subsidiary of Edelweiss Financial Services, and government-owned Central Bank of India have signed an agreement for priority sector lending to micro, small and medium enterprise (MSME) customers.
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PNB's board to meet soon on merger with Oriental Bank, United Bank
Updated : 6 years, 10 months ago IST
New Delhi [India], Aug 31 (ANI): Punjab National Bank (PNB) will soon hold a board meeting to consider its amalgamation with Oriental Bank of Commerce and United Bank of India.
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Finance Secretary dispels fears of job losses after merger of 10 PSU banks
Updated : 6 years, 10 months ago IST
New Delhi [India], Aug 31 (ANI): The merger of 10 public sector banks (PSBs) to form four big lenders will create more jobs and not lead to any retrenchment as being claimed by some trade unions, Finance Secretary Rajiv Kumar has said.
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Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 10 months ago IST
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
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PNB, Oriental Bank and United Bank to be merged: Sitharaman
Updated : 6 years, 10 months ago IST
New Delhi [India], Aug 30 (ANI): The government on Friday announced the merger of Punjab National Bank, Oriental Bank of Commerce and United Bank of India to create the second-largest banking network in the country with 11,431 branches.
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