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Bank of Baroda looks to raise at least $74 mn by auctioning Dena Bank office

Finance

12 September, 2019

Bank of Baroda looks to raise at least $74 mn by auctioning Dena Bank office

State-run Bank of Baroda is looking to sell the eight-storeyed corporate office of Dena Bank, which it absorbed last year, ......

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Focusing on sale of NPAs rather than insolvency process: Dena Bank CEO

Finance

30 January, 2019

Focusing on sale of NPAs rather than insolvency process: Dena Bank CEO

Dena Bank, one of the weakest public-sector lenders, has posted losses for three financial years in a row, and is ......

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How Dena Bank plans to clean up its books before merger with Bank of Baroda

Finance

23 January, 2019

How Dena Bank plans to clean up its books before merger with Bank of Baroda

Public-sector lender Dena Bank is aiming to auction off non-performing assets (NPAs) worth up to Rs 2,500 crore ($350 million) ......

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Vijaya Bank CEO on challenges, benefits of merger with Bank of Baroda, Dena Bank

Finance

07 January, 2019

Vijaya Bank CEO on challenges, benefits of merger with Bank of Baroda, Dena Bank

In September last year, the government decided to merge state-run lenders Bank of Baroda, Dena Bank and Vijaya Bank as ......

Infibeam-CCAvenue merger under scanner; Shapoorji hires banker for solar unit's IPO

General

02 January, 2019

Infibeam-CCAvenue merger under scanner; Shapoorji hires banker for solar unit's IPO

Infibeam Avenues Ltd’s auditor has sought the report of a probe into the company’s merger with Avenues India Pvt Ltd, ......

Bad loan mess: Govt to merge Bank of Baroda, Dena Bank and Vijaya Bank

Finance

17 September, 2018

Bad loan mess: Govt to merge Bank of Baroda, Dena Bank and Vijaya Bank

India plans to merge three state-run banks, Bank of Baroda, Dena Bank and Vijaya Bank, the financial services secretary said on ......

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Indian Bank, Union Bank hire bankers to raise money from capital markets

Finance

14 September, 2017

Indian Bank, Union Bank hire bankers to raise money from capital markets

Listed public sector lenders Indian Bank and Union Bank of India Ltd have initiated the process of raising money from ......

Government to inject $3.4 bn into state-run banks

General

19 July, 2016

Government to inject $3.4 bn into state-run banks

The government said on Tuesday it is infusing Rs 22,915 crore ($3.4 billion) in 13 state-run banks in the current ......

After LIC's Roy and Rajan, who next in season of exits?

General

13 July, 2016

After LIC's Roy and Rajan, who next in season of exits?

It looks like we are in a season of high-level exits from government owned or backed institutions. Late on Wednesday, ......

After LIC's Roy and Rajan, who next in season of exits?

General

23 June, 2016

After LIC's Roy and Rajan, who next in season of exits?

It looks like we are in a season of high-level exits from government owned or backed institutions. Late on Wednesday, ......