Allahabad Bank topped the list in cases where the bank's own employees were involved in frauds.
Net NPAs came down to 5.98 per cent (Rs 8,502.09 crore) from 7.96 per cent (Rs 11,082.74 crore) in the year-ago period, it said.
During the first half of the fiscal (HI), the bank’s net profit grew by 101 per cent at Rs 724 crore, against Rs 359 crore during H1FY19.
A meeting was organised in Vijayawada recently following the in-principle approvals from the respective boards of Indian Bank and Allahabad Bank.
Last week, the government unveiled a mega plan to merge 10 public sector banks into four with a view to creating fewer and stronger global-sized lenders.
Bank of India said another dimension of rate transmission process is by way of offering repo linked lending rate to select customer segments, including personal loans.
NCLT is looking into the case of fully provided non-performing account, SEL Manufacturing Ltd with outstanding dues of Rs 688.27 crore.
While Punjab National Bank, Allahabad Bank and UCO Bank have been fined Rs 50 lakh each, Corporation Bank has been asked to pay Rs 25 lakh as a penalty.
Soon after Central Bureau of Investigation (CBI) filed charge sheet in May pointed involvement of top officials of banks, PNB's board decided to divest two executive directors of all powers.
Yesterday, the finance ministry had asked the boards of Allahabad Bank and PNB to take action against Ananthasubramanian and two executive directors of PNB.
The PNB, in a late night filing to stock exchanges, said the scam has swelled by USD 204.25 million.
The wider Nifty50 of the National Stock Exchange shed 73.90 points or 0.71 per cent to close at 10,378.40 points.
Punjab National Bank (PNB), the country's second largest public sector bank, had detected the $1.8 billion fraud in one of its branches in Mumbai.
The fraudulently issued Letters of Undertaking (LoUs) from the Mumbai branch of Punjab National Bank (PNB) were in favour of Hong Kong branches of Allahabad Bank and Axis Bank.