Banks Merger News

Industry

Nirmala Sitharaman reviews amalgamation of public sector banks

Finance ministry to ensure that there is no disruption to credit, as directed by SitharamanUnion cabinet last week had approved the consolidation of 10 public sector banks into four entities

1 min read12 Mar 2020
Opinion

Opinion | A big bank theory that won’t suffice

The merger of public sector lenders into fewer but larger entities does serve a purpose, but how the exercise would aid an economic revival at this juncture is woefully unclear

2 min read1 Sep 2019
Industry

Chiefs of Dena Bank, Bank of Baroda, Vijaya Bank to meet by 12 Oct over merger

We need to work on the broad contours of the exercise along with timelines, says Dena Bank CEO Karnam Sekar

3 min read3 Oct 2018
Opinion

Opinion | Debt market worries for the stock market

The equity market will closely track the debt market as the higher cost of funds, partly due to risk aversion, will also affect non-financial firms

3 min read24 Sep 2018
Companies

Deals Buzz: Bank of Baroda, Dena, Vijaya Bank to merge

In other deals news, Ola has raised $50 million at a valuation of roughly $4.3 billion from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF)

2 min read18 Sep 2018
Industry

RBI’s Viral Acharya says only strong PSU banks should be merged

RBI deputy governor Viral Acharya says the government should only merge strong public sector banks while allowing weaker banks to recuperate after adequate recapitalisation

2 min read9 Sep 2017
Money

Bank consolidation does not mean you lose your money

If your bank is merged with another bank today, you will continue to have access to your deposits and banking services

2 min read26 Jul 2017
Industry

Govt eyes merger of two big state-run banks after debt clean-up

Consolidation of India's PSU banks would represent a final step in rebuilding a financial system capable of underwriting credit growth and job-creating investment

3 min read12 Oct 2016
Companies

SBI associate bank employees on one-day strike

The All India Bank Employees Association claimed that 50,000 employees participated in the strike

1 min read4 Jun 2015

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Budget

The 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

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