Bank Merger
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Qatari Bank Trio In Talks For Potential $44 Billion Merger
If the deal goes ahead, it would be a rare example of consolidation among banks in the Gulf, which have previously been reluctant to tie up but are facing challenging conditions due to the impact of lower oil prices on the region's economies.
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Public Bank Mergers Will Need Fresh Cash Infusions: Report
Government owns majority stakes in 21 banks and merger of some of them is being considered for broader economic revival.
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Bankers To Go On Strike On December 26 To Oppose The Big Bank Merger
In a statement, the AIBEA said the unions in the banking sector were opposed to the merger of three banks.
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RBI Issues Norms For Merging District Cooperative Banks With State Entities
The Banking Regulation (Amendment) Act, 2020 has been notified for state cooperative banks and district cooperative banks effective April 1, 2021.
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Opinion: A Mega-Merger That Makes Sense For Both HDFC And HDFC Bank
After 45 years in business, the underwriter of homes for millions of Indians is moving in with its 28-year-old banker offspring.
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SBI-Bharatiya Mahila Bank Merger Gets Competition Regulator's Nod
The amalgamation of BMBL with SBI has been approved, Competition Commission of India (CCI) website showed.
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Bank Employees On Two-Day Strike From July 12
Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.
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4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
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HDFC To Merge With HDFC Bank, Shares Zoom Nearly 10%: 10 Points
Mortgage lender HDFC on Monday announced that it will merge with private lender HDFC Bank. Under the proposed deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. The companies expect the deal -- subject to regulatory approvals -- to be completed in the second or third quarter of the financial year starting in April...
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RBI Rejects Indiabulls Housing, Lakshmi Vilas Bank's Proposed Merger
This comes days after the Reserve Bank of India initiated a so-called "prompt corrective action" on the lender due to high level of bad loans, lack of sufficient capital to manage risks and a negative return on assets for two consecutive years.
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Bank Of Baroda Shares Crash 16% After Government Announces Merger Plan
Bank merger: Brokerages were, however, not very hopeful about the prospects for Bank of Baroda on its merger with smaller peers Vijaya Bank and Dena Bank.
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Economy Would Double To $5 Trillion By 2022, Grow Over 8%, Says PM Modi
Indian economy will grow at over 8 per cent rate with massive employment generation being seen in IT and retail sectors, says PM Modi.
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United Bank Surges 7% on Merger Buzz With IDBI Bank
Reserve Bank had earlier barred the bank from lending more than Rs 10 crore to any single borrower as its capital adequacy ratio fell to 9 per cent late last year. However, the restriction was subsequently removed.
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Merging Strong Banks Ideal, Need to be Careful: RBI Chief
Amidst talks of consolidation in the banking sector, Reserve Bank of India Governor Raghuram Rajan has said merging strong banks will bode well for the economy and that one needs to be "very careful" in deciding who to merge with whom.
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HDFC Twins' Merger Deal Worth $40 Billion Gets The RBI's Nod
HDFC Bank on Monday said it has got banking sector regulator RBI's nod for the merger proposal of its parent HDFC Ltd with itself.
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Qatari Bank Trio In Talks For Potential $44 Billion Merger
If the deal goes ahead, it would be a rare example of consolidation among banks in the Gulf, which have previously been reluctant to tie up but are facing challenging conditions due to the impact of lower oil prices on the region's economies.
-
Public Bank Mergers Will Need Fresh Cash Infusions: Report
Government owns majority stakes in 21 banks and merger of some of them is being considered for broader economic revival.
-
Bankers To Go On Strike On December 26 To Oppose The Big Bank Merger
In a statement, the AIBEA said the unions in the banking sector were opposed to the merger of three banks.
-
RBI Issues Norms For Merging District Cooperative Banks With State Entities
The Banking Regulation (Amendment) Act, 2020 has been notified for state cooperative banks and district cooperative banks effective April 1, 2021.
-
Opinion: A Mega-Merger That Makes Sense For Both HDFC And HDFC Bank
After 45 years in business, the underwriter of homes for millions of Indians is moving in with its 28-year-old banker offspring.
-
SBI-Bharatiya Mahila Bank Merger Gets Competition Regulator's Nod
The amalgamation of BMBL with SBI has been approved, Competition Commission of India (CCI) website showed.
-
Bank Employees On Two-Day Strike From July 12
Banking operations could be hit for two days this week as a section of public sector bank employees have threatened to go on a nationwide strike beginning July 12 to protest against the proposed merger of SBI associates and privatisation of IDBI Bank.
-
4 State-Run Banks In Place Of 10 From Today As Mega Merger Takes Effect
The government's mega merger plan to strengthen the country's banking system came into effect on Wednesday, combining 10 state-run banks into four. Announced in August last year, the merger combines Oriental Bank of Commerce and United Bank into Punjab National Bank, to create a single lender managing businesses worth Rs 17.95 lakh crore. Similarly...
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HDFC To Merge With HDFC Bank, Shares Zoom Nearly 10%: 10 Points
Mortgage lender HDFC on Monday announced that it will merge with private lender HDFC Bank. Under the proposed deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. The companies expect the deal -- subject to regulatory approvals -- to be completed in the second or third quarter of the financial year starting in April...
-
RBI Rejects Indiabulls Housing, Lakshmi Vilas Bank's Proposed Merger
This comes days after the Reserve Bank of India initiated a so-called "prompt corrective action" on the lender due to high level of bad loans, lack of sufficient capital to manage risks and a negative return on assets for two consecutive years.
-
Bank Of Baroda Shares Crash 16% After Government Announces Merger Plan
Bank merger: Brokerages were, however, not very hopeful about the prospects for Bank of Baroda on its merger with smaller peers Vijaya Bank and Dena Bank.
-
Economy Would Double To $5 Trillion By 2022, Grow Over 8%, Says PM Modi
Indian economy will grow at over 8 per cent rate with massive employment generation being seen in IT and retail sectors, says PM Modi.
-
United Bank Surges 7% on Merger Buzz With IDBI Bank
Reserve Bank had earlier barred the bank from lending more than Rs 10 crore to any single borrower as its capital adequacy ratio fell to 9 per cent late last year. However, the restriction was subsequently removed.
-
Merging Strong Banks Ideal, Need to be Careful: RBI Chief
Amidst talks of consolidation in the banking sector, Reserve Bank of India Governor Raghuram Rajan has said merging strong banks will bode well for the economy and that one needs to be "very careful" in deciding who to merge with whom.
-
HDFC Twins' Merger Deal Worth $40 Billion Gets The RBI's Nod
HDFC Bank on Monday said it has got banking sector regulator RBI's nod for the merger proposal of its parent HDFC Ltd with itself.
