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

Junior FM asks bank to ensure smooth credit flow to MSMEs

Junior finance minister Anurag Thakur asked banks to ensure smooth flow of credit to MSMEs which are in genuine need of funds. It can be noted that despite many measures announced by successive governments, small businesses continue to face funding issues, as banks don’t chase them as they do with large companies for a variety of reasons. Continue Reading

Union Bank of India conducts vigilance awareness week

Union Bank of India recently observed Vigilance Awareness week in all its branches and offices. During the week-long celebrations, to spread awareness among employees, workshops and competitions were being conducted. Continue Reading

AP cabinet wants Centre to retain name of Andhra Bank

The Andhra Pradesh Cabinet on Wednesday demanded that the Centre retain the name of Andhra Bank, in the wake of the move to merge it with Union Bank of India and Corporation Bank. The cabinet passed a resolution in this regard as ministers denounced the move to erase Andhra Banks name through the merger. 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

UBI consults for ideas with branch heads

Union Bank of India recently organized meeting of all branch heads wherein collective consultative and ideation process was undertaken to align banking with national priorities. Continue Reading