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 2020The 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 2019We need to work on the broad contours of the exercise along with timelines, says Dena Bank CEO Karnam Sekar
3 min read3 Oct 2018The 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 2018In 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 2018RBI 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 2017If your bank is merged with another bank today, you will continue to have access to your deposits and banking services
2 min read26 Jul 2017Consolidation 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 2016The All India Bank Employees Association claimed that 50,000 employees participated in the strike
1 min read4 Jun 2015The 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