Banking News for March 2026
Current account deficit, not banking flaw, drives high cost of capital India’s elevated cost of capital stems primarily from macroeconomic
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Bank of India
A Manimekhalai, the new CEO of Union Bank of India
The government appointed A Manimekhalai as Managing Director and Chief Executive Officer (MD and CEO) of Union Bank of India
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Bank of India to launch digital lending platform
Bank of India plans to put in place a mobile-based lending platform to grow its RAM (retail, agriculture and micro,
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Bank of India profit zooms 100% on low provisions
Bank of India’s net profit zoomed 99.89 per cent year-on-year (YoY) to Rs 1,051 crore for the second quarter of
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Govt to infuse Rs 28,615 cr in 7 PSBs soon
The government is likely to infuse Rs 28,615 crore into seven public sector banks (PSBs) through recapitalisation bonds sources said.
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5 more banks to face Prompt corrective action
Five public sector banks, including Canara and Union Bank of India, are in the process of being put under the
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MSME council does not have jurisdiction over debt issues
The apex courtstated in the case of Bank of India vs Yadav Consultancy Services, that the Debt Recovery Tribunals (DRTs)
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