Even as the government is forcing able PSU banks like Bank of Baroda to rescue weaklings like Dena Bank, private sector lenders are looking for marriages that would help them meet regulatory norms
3 min read14 Jan 2019Dena Bank, Vijaya Bank and Bank of Baroda (BoB) have lost nearly $1 billion in market valuation since their bank merger was announced in September
3 min read4 Jan 2019The share swap ratio set for the merger of Dena Bank, Vijaya Bank and Bank of Baroda (BoB) confirm that the rescue mission for the weakest bank will leave everyone a loser
2 min read3 Jan 2019Following the merger of Vijaya Bank and Dena Bank with itself, Bank of Baroda will become the third largest bank in India after SBI and ICICI Bank
1 min read3 Jan 2019The share swap ratio set by Bank of Baroda (BoB) will hurt Dena Bank investors the most as they stand to lose 4.80 per share, followed by Vijaya Bank shareholders who will lose 3 per share
3 min read3 Jan 2019The combination of interest rate hikes and cash recoveries from legacy bad loans will boost banks' interest income and, in turn, margins
2 min read24 Dec 2018Finance ministry officials have also asked RBI to suggest a time frame for the government banks consolidation
1 min read29 Aug 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared