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News / Topic / Andhra Bank
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andhra bank

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Hyderabad-based infra firm IVRCL’s MD booked in ₹4837cr alleged bank fraud

The CBI has alleged that the company had availed credit facilities from consortium members and cheated them by not repaying the loan amount.
telangana
Published on Dec 30, 2020 10:11 PM IST

After mega-merger effective today, six banks will cease to exist

Oriental Bank of Commerce will merge into Punjab National Bank as part of government’s consolidation plan.
business
Updated on Apr 01, 2020 08:33 AM IST

Govt sets up board to examine bank frauds of at least ₹50 crore before agencies step in

Government has constituted a five-member Advisory Board to vet all alleged frauds of a magnitude of at least ₹50 crore in state-run banks and public financial institutions. (Representative Image)
india news
Updated on Jan 17, 2020 03:29 AM IST

PNB, Union Bank get in-principal nod from government for proposed merger

Punjab National Bank is the transferee bank and Oriental Bank of Commerce and United Bank of India as transferor banks.
business
Updated on Nov 18, 2019 09:19 PM IST

Two Andhra lawmakers write to FM on move to merge Andhra Bank with UBI

Union Finance Minister Nirmala Sitharaman announced the merger of 10 state-run banks into 4 banks in New Delhi on Friday. Andhra Bank is due to be merged with Union Bank of India as part of banking sector reforms.
india news
Updated on Aug 31, 2019 09:24 PM IST
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