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Indian-Allahabad Bank Merger; Know Post-Merger Details
Indian Bank has announced that it has successfully completed the process of technical migration of the former Allahabad Bank software with the Indian Bank CBS/ITMS software in a regulatory filing. Indian Bank took Twitter to make the announcement. "We request you ...
What Will PSB Mergers Mean For Customers, Employees And Shareholders?
With a motive to strengthen the public sector banking (PSB) business, Finance Minister Nirmala Sitharaman, on Friday, announced the consolidation of 10 PSBs into 4. These mergers will take time to be implemented, however, stakeholders of the decision, that is, the customers, ...
What Will Psb Mergers Mean For Customers Employees And Shareholders
PSU Bank Shares Surge On Govt’s Recapitalization Announcement
Shares of public-sector banks gained in trade on Monday morning over the government's recapitalisation buzz. On Friday, post market hours, Finance Minister Nirmala Sitharaman announced a round of measures to aid the slowing Indian economy, which included a Rs 70,000 crore ...
Psu Bank Shares Surge On Govt S Recapitalization Announcement
Allahabad Bank Loans Get Cheaper
In a stock exchange filing on Monday, state-owned Allahabad Bank announced a reduction in its benchmark lending rate by 0.05 percent across various tenors. The marginal cost of funds-based lending rate or MCLR for one-year has been reduced to 8.60 percent ...
Allahabad Bank Lowers Mclr In May
Why Banks Are Having A Disastrous Quarter?
Banks have had one of the worst quarters in recent times. ICICI Bank saw profits halved, while Allahabad Bank, Union Bank, Canara Bank and UCO Bank reported massive losses. Federal Bank shares on the other hand plunged almost 10 per cent ...
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