andhra bank
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Hyderabad-based infra firm IVRCL’s MD booked in ₹4837cr alleged bank fraud
The agency has booked the Hyderabad-based company and its directors on a complaint from the State Bank of India, CBI Spokesperson RC Joshi said.

Published on Dec 30, 2020 10:11 PM IST
Hyderabad | ByPress Trust of India | Posted by Shankhyaneel Sarkar
After mega-merger effective today, six banks will cease to exist
Following the consolidation, there will be seven large public sector banks (PSBs), and five smaller ones.

Govt sets up board to examine bank frauds of at least ₹50 crore before agencies step in
The formation of the board was announced in an order issued by the Central Vigilance Commission (CVC) on Wednesday.

Updated on Jan 17, 2020 03:29 AM IST
PNB, Union Bank get in-principal nod from government for proposed merger
The government in August had announced four major mergers of public sector banks, bringing down their total number to 12 from 27 in 2017, a move aimed at making state-owned lenders global sized banks.

Two Andhra lawmakers write to FM on move to merge Andhra Bank with UBI
In his letter, Rao said Andhra Bank, founded in 1923 by Bhogaraju Pattabhi Seetharamayya, a renowned freedom fighter and associate of Mahatma Gandhi, was the only nationalized bank founded in Andhra Pradesh and was considered the pride of the Andhra people in the last 96 years.
