Bank Mergers

The draft plan proposes USFB taking over the assets and liabilities of PMC Bank including deposits, which would provide protection to depositors

Finance Minister Nirmala Sitharaman has said that country needs at least four banks equivalent to the size of SBI to meet changing needs of economy

The Banking Regulation (Amendment) Act, 2020 has been notified for state cooperative banks and district cooperative banks effective April 1, 2021.

Union finance minister Nirmala Sitharaman today assured that not all banks will be privatised and wherever it happens, the interest of the employees will be protected.

As JPMorgan Chase & Co. searches for its first major acquisition in more than a decade, Anu Aiyengar will have a hand in shaping the giant bank's future. She's the co-head of its global mergers and acquisitions business, and the only person of color and only woman to hold that position on Wall Street. It's been a remarkable trajectory for an Indian...

The Reserve Bank of India, which orchestrated the rescue, "has advised the need to fully write down" the tier-2 debt, Lakshmi Vilas Bank said in an exchange filing Thursday.

This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...

Lakshmi Vilas Bank shares will be in focus after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India

The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India

Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.

The government initiated the process of rescuing the beleaguered Lakshmi Vilas Bank (LVB) on Tuesday by placing it under a moratorium for one month, and capping withdrawals from its customers' accounts at Rs 25,000 a month. The move to freeze the bank accounts was in view of the Tamil Nadu-based private sector lender's deteriorating financial healt...

Talk of the merger and Kotak's unexpected profit growth has already pushed the lender ahead of rival ICICI Bank Ltd. to become India's second-largest by market value.

Triller, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the US social media company public, according to people familiar with the matter.

HDIL and its associates owe Rs 6,981 crore to PMC, but at Rs 1,160 crore, the realisable value of its securities was "grossly insufficient".

Bank of Baroda said its financial results comprised earnings of Dena Bank and Vijaya Bank, which were merged into it in April last year.

The draft plan proposes USFB taking over the assets and liabilities of PMC Bank including deposits, which would provide protection to depositors

Finance Minister Nirmala Sitharaman has said that country needs at least four banks equivalent to the size of SBI to meet changing needs of economy

The Banking Regulation (Amendment) Act, 2020 has been notified for state cooperative banks and district cooperative banks effective April 1, 2021.

Union finance minister Nirmala Sitharaman today assured that not all banks will be privatised and wherever it happens, the interest of the employees will be protected.

As JPMorgan Chase & Co. searches for its first major acquisition in more than a decade, Anu Aiyengar will have a hand in shaping the giant bank's future. She's the co-head of its global mergers and acquisitions business, and the only person of color and only woman to hold that position on Wall Street. It's been a remarkable trajectory for an Indian...

The Reserve Bank of India, which orchestrated the rescue, "has advised the need to fully write down" the tier-2 debt, Lakshmi Vilas Bank said in an exchange filing Thursday.

This week, the government approved the merger of crisis-hit Lakshmi Vilas Bank into DBS Bank India, a unit of Southeast Asia's largest lender, DBS. Lakshmi Vilas Bank (LVB) will now operate as DBS Bank India, with restrictions on withdrawals from its customers' accounts now lifted. The development comes days after withdrawals from Lakshmi Vilas Ban...

Lakshmi Vilas Bank shares will be in focus after the government, on Wednesday, approved the merger of Lakshmi Vilas Bank with DBS Bank India

The RBI's move came after the Union Cabinet earlier in the day approved the merger of Lakshmi Vilas Bank (LVB) with DBS India

Cabinet approves merger of Lakshmi Vilas Bank with DBS Bank: As part of the amalgamation plan, DBS India will infuse fresh capital of Rs 2,500 crore into LVB and the entire share capital and reserves and surplus will be written off.

The government initiated the process of rescuing the beleaguered Lakshmi Vilas Bank (LVB) on Tuesday by placing it under a moratorium for one month, and capping withdrawals from its customers' accounts at Rs 25,000 a month. The move to freeze the bank accounts was in view of the Tamil Nadu-based private sector lender's deteriorating financial healt...

Talk of the merger and Kotak's unexpected profit growth has already pushed the lender ahead of rival ICICI Bank Ltd. to become India's second-largest by market value.

Triller, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the US social media company public, according to people familiar with the matter.

HDIL and its associates owe Rs 6,981 crore to PMC, but at Rs 1,160 crore, the realisable value of its securities was "grossly insufficient".

Bank of Baroda said its financial results comprised earnings of Dena Bank and Vijaya Bank, which were merged into it in April last year.