Canara Bank JV to launch NFO

Canara Robeco Asset Management Company Limited, a joint venture of Canara Bank, has announced the launch of its new fund offer (NFO), Canara Robeco Value Fund – an open-ended equity scheme that would follow a value investment strategy, to invest in businesses that are trading at a price less than their intrinsic values and are expected to realise their true worth in the future. Continue Reading

Allahabad Bank gets fresh capital of Rs 2,153 crores

The Department of Financial Services in a letter conveyed the sanction for release of the fresh capital infusion fund of Rs 2,153 crore, Allahabad Bank said in a regulatory filing. Continue Reading

Government holds meet on issues related to sugar industry

A meeting on ‘Issues relating to Sugar Industry and Cane Growers of Tamilnadu’ was convened by DFS, Ministry of Finance recently here in the city. The meeting was chaired by Additional Secretary, Banking, DFS, Pankaj Jain. Continue Reading

Bank employees protest against government’s merger move

Members of the All India Bank Employees’ Association on Saturday staged a protest here against the Centre’s decision to merge 10 public sector banks into four entities. Employees of all public and private sector banks wore black badges to work as a mark of protest to the government’s decision. Continue Reading