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These Acts led to nationalisation of banks in two phases and provisions of these laws have to be changed for privatisation of banks, they said

With high credit costs continuing to suppress their profitability, the banks' capital buffers will remain insufficient.

The bank had taken approval for raising Rs 14,000 crore through a mix of equity and debt.

The assembly commenced with the prayer followed by the thought for the day and the news headlines.

After the approval of resolution plan from NCLT/NCLAT, the loan account will be classified under 'green' category from 'amber' category, the company said in a statement on Monday.

A campaign was launched on August 15 commemorating with the 75th Independence Day by CH S S Mallikarjuna Rao, MD & CEO, PNB, a press release said

Banks rely on pvt agencies for conducting audit to identify frauds committed by companies

Addressing a press conference here on Saturday, he said the bank is back to being profitable and it has reported over Rs 300 crore profit in the first quarter this financial year