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The finance ministry has moved a file to extend the tenure of three public sector banks’ managing directors, including Punjab National Bank (PNB), according to sources. Besides, the sources said the ministry has recommended the department of personnel and training (DoPT) for extension of 10 executive directors (EDs) of various public sector banks. Advertisement The three-year term of S. S. Mallikarjuna Rao, MD and CEO of PNB, is coming to an end on September 18 but the finance ministry has recommended extension for four months till January 31, 2022, when Rao attains his superannuation age o...

’ Not just big names, even retail investors and institutional investors piled on select stocks from the sector. In 2021 till now, 38 stocks from this space have delivered multibagger returns; 24 have more than doubled since April 1, reflecting solid investor interest. This is reminiscent of the rally in metal stocks that multiplied between October 2020 and May 2021. This is at the time when the situation is yet to turn favourable for the business. JM Financial expects home textile players to report sequentially flat profit growth in Q1. However, things may change drastically from here on. A...

The finance ministry has recommended extending the tenure of three managing directors and chief executive officers (MDs and CEOs) and 11 executive directors (EDs) of public sector banks, for up to two years or until the age of retirement, whichever is earlier, as it looks to ensure stability and continuity at state-owned lenders amid the pandemic. The Department of Financial Services (DFS), according to people in the know, has written to the Department of Personnel and Training (DoPT) suggesting the move, before the Banks Board Bureau (BBB) identifies new candidates for the role of bank c...

His biggest holding Dhampur Sugar, where he has kept his stake constant since the June quarter of 2020, has climbed 21 per cent in the past one month, 71 per cent in the last three months and 174 per cent in the last one year.

UCO Bank takes various initiatives to supplement Govt’s effort to combat COVID Atul Kumar Goel, MD and CEO of UCO Bank UCO Bank under the leadership of Atul Kumar Goel, MD and CEO, UCO Bank has taken various initiatives to supplement the Government’s effort to combat COVID-19. New Product Launches: To resolve the urgent fund requirement of the healthcare sector, the Bank has come up with three new credit schemes Loan Products with three new credit schemes  UCO Sanjeevani – Loans up to Rs.2 crores for setting up oxygen plant, producing liquid oxygen, oxygen cylinders etc....