South Indian Bank Q2 net profit falls 96%

South Indian Bank Ltd on Tuesday reported 96% decline in its September quarter net profit due to higher provisions.

Net profit for the quarter stood at Rs4.32 crore against Rs110.52 crore a year ago.

Provisions and contingencies surged over 253% to Rs453.68 crore from Rs128.33 crore a year ago. On quarter-on-quarter basis, it jumped over 102% from Rs2,898.22 crore.

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Government appoints executive directors in nine public sector banks

The government has approved the appointment of executive directors (EDs) for nine public sector banks. 

Bajrang Singh Shekhawat has been appointed the executive director of Central Bank of India, an order issued by the Department of Personnel and Training (DoPT) read.

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Tentative date of results of Banks for Q2 2018

Public Sector Banks :(Data will update as date will declare)

Allahabad Bank              Result Date - 10 Nov 2017
Andhra Bank                  Result Date - 02 Nov 2017
Bank of Baroda              Result Date - 14 Nov 2017
Bank of India                  Result Date - 10 Nov 2017
Bank of Maharashtra      Result Date - 10 Nov 2017
Canara Bank                  Result Date - 27 Oct 2017
Central Bank of India      Result Date - 30 Oct 2017
Corporation Bank           Result Date - 14 Nov 2017
Dena Bank                     Result Date - 10 Nov 2017
IDBI Bank                       Result Date - 31 Oct 2017
Indian Bank                    Result Date - 06 Nov 2017
Indian Overseas Bank    Result Date - 07 Nov 2017
Oriental Bank of Com.    Result Date - 08 Nov 2017
Punjab & Sind Bank       Result Date - 14 Nov 2017
Punjab National Bank     Result Date - 03 Nov 2017
State Bank of India         Result Date - 10 Nov 2017
Syndicate Bank              Result Date - 31 Oct 2017
UCO Bank                      Result Date - 03 Nov 2017
Union Bank of India        Result Date - 03 Nov 2017
United Bank of India       Result Date - 13 Nov 2017
Vijaya Bank                    Result Date - 26 Oct 2017

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RBI imposes restrictions banking business on Oriental Bank of Commerce

The Reserve Bank of India (RBI) has imposed certain restriction on banking activities of government-owned Oriental Bank of Commerce which has suffered huge losses due to sharp rise in bad loan. This will be the seventh bank among the 21 PSU banks to be placed under restrictions since March this calendar year. 

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Union Bank of India (UBI) Recruitment 2017

Union Bank of India (UBI) has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts: Credit Officers (MMGS-II)

Total No. of Posts: 200 Posts

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Rajnish Kumar appointed as SBI chairman

Rajnish Kumar, next SBI Chairman, profile: Rajnish Kumar is set to replace Arundhati Bhattacharya as the Chairman of the State Bank of India next week. Rajnish Kumar, who has been appointed for three years, is a current managing director with the bank. As per his profile on SBI General Insurance website, Rajnish Kumar has served as Managing Director (National Banking Group), a position he was given on 2nd November, 2015.Rajnish Kumar has also served as the Managing Director (Compliance & Risk) of SBI. The senior bank official previously also headed the SBI Capital Markets Limited (the Merchant Banking arm of State Bank of India) as Managing Director and Chief Executive Officer, prior to becoming Managing Director in SBI, his profile says.

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