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Canara Bank to list mutual fund, insurance arms early next fiscal

Two Canara Bank subsidiaries are poised to launch initial public offerings in the first half of next financial year, said managing director Satyanarayana...
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Stocks

NPA provisioning for banks moderates in Q2 driven by PSBs

Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the...
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Economy

RBI’s new bank-subsidiary norms to force realignments of business

MUMBAI: Several large banks will have to realign their business models to comply with a recent Reserve Bank of India (RBI) proposal, which,...
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Stocks

PNB: PNB launches QIP to raise up to Rs 5,000 crore at Rs 103.75 per share

State-owned Punjab National Bank (PNB) on Monday launched a qualified institutional placement (QIP) to raise up to Rs 5,000 crore at an indicative...
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