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Public sector lender News

08 May 2017

Canara Bank posts fourth-quarter profit on lower bad loan provisions

Indian public sector lender Canara Bank reported a profit for the fourth quarter, compared with a year-ago loss, on the back of lower provisions for bad loans.

Oriental Bank of Commerce

26 Mar 2016

OBC cuts interest rates across maturities

Public sector lender Oriental Bank of Commerce is set to cut interest rates for deposits less than Rs. one crore across maturities in a range of 0.25 to 0.5 percent with effect from March 28.

public sector lender

25 Mar 2016

OBC cuts interest rates on deposits less than Rs 1 cr

For maturities from 31 days to 45 days, the bank has cut interest rate from 6 percent to 5.5 percent for deposits less than Rs 1 crore.

IDBI Bank strike

27 Nov 2015

IDBI Bank staff on strike against govt privatisation plan

The employees are protesting under the banner of United Forum of IDBI Officers and Employees.

public sector lender

20 Oct 2015

OBC's Rs 1,000 cr bonds issue to open tomorrow

The deemed date of allotment will be October 26, 2015.

20 Mar 2015

BoI raises Rs 641 cr from share sale to LIC, New India Assurance

Public sector lender Bank of India (BOI) on Friday said it has raised over Rs 641.99 crore by issuing shares on preferential basis to LIC and New India Assurance.

public sector lender

02 Feb 2015

Canara Bank to raise Rs 1,500 cr via bonds

Bangalore based public sector lender Canara Bank today said it will raise additional capital worth Rs 1,500 crore through private placement of bonds.

08 Dec 2014

OBC cuts rates on select term deposits by 0.10%

The new rates, which is for term deposits less than Rs 1 crore, will come to effect from December 9, 2014, the bank said.

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