#indianoverseasbank

With a market-capitalization of over Rs 50,000 crore, The Indian Overseas Bank (IOB) became the second most-valued listed public sector bank in India on Friday. In the past one month, the shares of the PSB has appreciated over 50…

For the first phase of privatization, government may zero in on at least two public sector banks (PSBs). Even in order final the names of potential candidates for privatisation, a meeting will be held between senior officials of the…

The government might hive off the non-performing loans of the 2 public sector banks that be chosen for privatization and transfer some of their staff to alternative state-run lenders in a bid to make them eye-catching for consumers. …

The employee union of Bank of Maharashtra (BoM), in the backdrop of the problems that two private sector banks – YES Bank and Lakshmi Vilas Bank and a host of urban co-operative banks (UCBs) faced in the recent past, wants the…