NITI Aayog has recommended the government to privatise three public sector banks - Punjab & Sind Bank, UCO Bank and Bank of Maharashtra

India Stock Market Highlights Today: HDFC, followed by Kotak Bank, HDFC Bank, Reliance Industries, Tata Steel and Nestle India were among the top losers today, while HCL Tech, TCS, SBI, Infosys, Sun Pharma and Tech Mahindra were among the gainers.

Stocks to watch today on July 31: RIL, Torrent Pharma, HDFC, Tata Motors, State Bank of India among others are the top stocks to watch out for in Friday's trading session.

PM Modi emphasised that the government was firmly behind banks and NBFCs, and is ready to support them and promote their growth

Bank of Maharashtra, UCO Bank, Central Bank of India, Jammu & Kashmir Bank were among top gainers from the Nifty PSU Bank index, gaining between 5-7 per cent

Speaking at the Global Fintech Fest 2020, Sharma said the company has also seen a growth in the average number of transactions being conducted in a week

Air India says no layoffs, justifies allowance cutState-owned Air India on Thursday said that no employee will be laid off like other airlines in India. The airline, however, said that some \"rationalisation of allowances\" have been implemented on account of the difficult financial conditions that were exacerbated by COVID-19.India needs further economic reforms to attract more investment: IMFConcerted efforts by India to strengthen the business climate and encourage investment in the tr...

The equity capital will be raised though various modes such as follow on public offer (FPO), qualified institutional placement (QIP), preferential issue, says UCO Bank

Earlier in 2019, the government created a handful of larger banks by merging ten state-owned banks into four. \"Now we are thinking of selling the unmerged banks to private players,\" government sources said

Oxford coronavirus vaccine shows promise, can train immune systemThe human trials of coronavirus vaccine candidate developed by the University of Oxford and backed by AstraZeneca Plc has shown positive results. The first phase of human trials of vaccine, officially known as AZD1222, have appeared to be safe and prompted a protective immune response in hundreds of people who got the shot, as per a report published in British medical journal Lancet.Sony to own 74% after merger with Viacom 18;...

Stock Market Highlights on July 21: ICICI Bank, followed by Maruti, Kotak Bank, Axis Bank, Power Grid and HDFC Bank were among the top gainers today, while Bajaj Finserv and ITC were the top laggards.

The first part of the plan would be to sell majority stakes in Bank of India (BOI.NS), Central Bank of India (CBI.NS), Indian Overseas Bank (IOBK.NS), UCO Bank (UCBK.NS), Bank of Maharashtra and Punjab & Sind Bank (PUNA.NS)

Veteran banker and CII President Uday Kotak had said the public sector banks would need financial support from the government to drive the economy, while private sector banks need to raise capital from various sources to meet the future challenges

Canara Bank has filed a complaint with the CBI, alleging that Punjab Basmati Rice has cheated six banks to the tune of Rs 350 crore

While Sensex gained 329.17 points or 0.94 per cent to 35,171, Nifty surged 94.10 points or 0.90 per cent to end at 10,383

MSME sector currently contributes about 48 per cent to the country's export and this has to be further enhanced by means of technological upgradation and product development, Gadkari said

In Q4 FY20, UCO Bank posted net profit of Rs 16.78 crore compared to net loss of Rs 1,552.02 crore in Q4 FY19, helped by rise in other income and decline in provisions

Rajeshwar Singh, Joint Director of ED's Lucknow zone, confirmed the development and said all 20 officers of his unit have tested negative for COVID-19 and they have resumed office

The World Health Organization on Sunday reported the largest single-day increase in coronavirus cases by its count, at more than 183,000 new cases in the latest 24 hours; With 58,746 cases of coronavirus in the national capital, the Centre along with the Delhi government has agreed to ramp up containment strategy. Watch this and more news on News Blast.Also Read: Debt levels may increase nearly twice of 2009 financial crash: Moody's

UCO Bank teams up with four insurers to sell their productsState-run UCO Bank tied up with four insurers to offer various insurance products to its customers through its network of branches across the country. The lender teamed up with SBI Life Insurance Company, the Oriental Insurance Company and Religare Health Insurance Company, Star Health and Allied Insurance Company for selling their products. With these new partnerships, the lender will now be offering a much wider range of...