RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations

Feb 14, 2025, at 11:48 pm

Mumbai: The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator to oversee its operations, media reports said.

Canara Bank Q3FY24: Net profit grows 27% to Rs 3,656 cr; NII stands at Rs 9,417 cr

Jan 25, 2024, at 06:58 pm

Bengaluru: State-owned lender Canara Bank announced a net profit of Rs 3,656 crore for the October-December quarter of the fiscal year 2023-24, an increase of 26.87 percent compared to the Rs 2,881.52 crore reported in the corresponding period of the previous year.

Ashwani Kumar elevated as MD of UCO Bank

Jun 01, 2023, at 07:55 pm

New Delhi: The government on Wednesday elevated Ashwani Kumar as Managing Director of UCO Bank.

Axis Bank completes Citibank India's consumer business buyout for Rs 11,600 cr

Mar 02, 2023, at 05:23 pm

Mumbai/IBNS: Axis Bank, India's fourth largest private sector bank, has acquired Citibank India's consumer business at Rs 11,603 crore.

IndusInd Bank launches campaign to target the NRI segment

Dec 04, 2021, at 02:29 am

Mumbai/IBNS: IndusInd Bank today launched its ‘NRI Homecoming’ campaign to target potential NRI customers, who will be arriving in the country to meet their family and friends after more than a year of travel restrictions being imposed due to the pandemic.