Bank Of India Merger
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ICICI Bank Made Offer To Acquire HDFC Ltd Before Reverse Merger: Ex-Chairman Deepak Parekh
Veteran banker and former chairman of HDFC Ltd, Deepak Parekh, has said that ICICI Bank had made an offer to take over mortgage lender HDFC Ltd but it was declined.
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Higher ATM Fees, Rural Bank Mergers: Here's What Will Change Starting May 1, 2025
The most prominent change remains the revised framework for ATM transaction charges, in addition to government pushing for the merger of rural banks.
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Opinion: HDFC Merger Will Leave India's Banks Gasping
When the remaking of India's socialist financial landscape began in 1993, very few people believed in the project - some of the 40 applications to set up new private-sector banks were so frivolous that they were written on postcards.
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Here's How Much Bankers Earned From Advising On Mega HDFC Merger
A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers' struggle for profits in the country.
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HDFC Leaps To 4th In World's Most Valuable Banks List After Mega Merger
In what is being called the biggest transaction in the history of India Inc, HDFC Bank will take over its parent, housing finance major HDFC, on Saturday. Following the reverse merger, the country's first home finance company, would cease to exist.
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After Merger, HDFC To Vault Into Ranks Of World's Most Valuable Banks
A homegrown Indian company will for the first time rank among the world's most valuable banks after completing a merger, marking a new challenger to the largest American and Chinese lenders occupying the coveted top spots.
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HDFC-HDFC Bank Merger: What Do Investors Get? All Details Here
The merger of housing finance major HDFC with HDFC Bank, the country's biggest private lender, will come into effect on July 1, according to HDFC Chairman Deepak Parekh.
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Not All Banks Will Be Privatised: Finance Minister Amid Employees' Strike
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.
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Have Suggested Merger Of Troubled PMC Bank: Maharashtra Minister
The Maharashtra government has suggested the merger of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank with the MSC Bank in an attempt to provide relief to depositors of the troubled lender, state minister Jayant Patil said on Thursday.
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Bank Strike: Operations Hit As Thousands Strike Against Mergers In Patna, Bengaluru
Thousands of bankers of public and private sector refused to report to work on Tuesday in Patna and Bengaluru protesting the merger of ten government banks into four.
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As RBI Vetoes Lakshmi Vilas Bank, Indiabulls Housing Merger, What's Next
Lakshmi Vilas Bank Ltd. said India's central bank rejected its proposal to combine with a shadow lender, a move that may delay its plan to raise capital.
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Bank Unions Defer 2-Day Strike, No Disruption In Services On Sept 26, 27
Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns.
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Nationwide Bank Strike On September 26, 27 Against Mergers
Around four lakh bank employees across the country are set to go on a strike on September 26-27 to protest against the merger of public sector banks.
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Bank Mergers Won't Lead To Job Losses, Nirmala Sitharaman Assures
Union Finance Minister Nirmala Sitharaman today calmed apprehensions of job loss following the merging of public sector banks, saying it would not lead to any. "I have very clearly underlined the fact that there shall not be one employee removed, not at all," she told reporters in Chennai two days after announcing that 27 state-run banks will be me...
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Blog: Mega Mergers of Banks And What They Won't Solve
On a once-busy highway, a clever dhaba-owner sat swatting flies, waiting for that rare trucker. Ever since they had built a bypass, his business had dropped sharply. He had some leftover aloo-gobhi in his fridge, there was some stale paneer masala and a pan of three-day-old dum aloo. Everything was in progressive stages of decay.
-
ICICI Bank Made Offer To Acquire HDFC Ltd Before Reverse Merger: Ex-Chairman Deepak Parekh
Veteran banker and former chairman of HDFC Ltd, Deepak Parekh, has said that ICICI Bank had made an offer to take over mortgage lender HDFC Ltd but it was declined.
-
Higher ATM Fees, Rural Bank Mergers: Here's What Will Change Starting May 1, 2025
The most prominent change remains the revised framework for ATM transaction charges, in addition to government pushing for the merger of rural banks.
-
Opinion: HDFC Merger Will Leave India's Banks Gasping
When the remaking of India's socialist financial landscape began in 1993, very few people believed in the project - some of the 40 applications to set up new private-sector banks were so frivolous that they were written on postcards.
-
Here's How Much Bankers Earned From Advising On Mega HDFC Merger
A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers' struggle for profits in the country.
-
HDFC Leaps To 4th In World's Most Valuable Banks List After Mega Merger
In what is being called the biggest transaction in the history of India Inc, HDFC Bank will take over its parent, housing finance major HDFC, on Saturday. Following the reverse merger, the country's first home finance company, would cease to exist.
-
After Merger, HDFC To Vault Into Ranks Of World's Most Valuable Banks
A homegrown Indian company will for the first time rank among the world's most valuable banks after completing a merger, marking a new challenger to the largest American and Chinese lenders occupying the coveted top spots.
-
HDFC-HDFC Bank Merger: What Do Investors Get? All Details Here
The merger of housing finance major HDFC with HDFC Bank, the country's biggest private lender, will come into effect on July 1, according to HDFC Chairman Deepak Parekh.
-
Not All Banks Will Be Privatised: Finance Minister Amid Employees' Strike
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.
-
Have Suggested Merger Of Troubled PMC Bank: Maharashtra Minister
The Maharashtra government has suggested the merger of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank with the MSC Bank in an attempt to provide relief to depositors of the troubled lender, state minister Jayant Patil said on Thursday.
-
Bank Strike: Operations Hit As Thousands Strike Against Mergers In Patna, Bengaluru
Thousands of bankers of public and private sector refused to report to work on Tuesday in Patna and Bengaluru protesting the merger of ten government banks into four.
-
As RBI Vetoes Lakshmi Vilas Bank, Indiabulls Housing Merger, What's Next
Lakshmi Vilas Bank Ltd. said India's central bank rejected its proposal to combine with a shadow lender, a move that may delay its plan to raise capital.
-
Bank Unions Defer 2-Day Strike, No Disruption In Services On Sept 26, 27
Officers' unions of public sector banks have deferred the proposed two-day strike following an assurance from Finance Secretary Rajiv Kumar to look into their concerns.
-
Nationwide Bank Strike On September 26, 27 Against Mergers
Around four lakh bank employees across the country are set to go on a strike on September 26-27 to protest against the merger of public sector banks.
-
Bank Mergers Won't Lead To Job Losses, Nirmala Sitharaman Assures
Union Finance Minister Nirmala Sitharaman today calmed apprehensions of job loss following the merging of public sector banks, saying it would not lead to any. "I have very clearly underlined the fact that there shall not be one employee removed, not at all," she told reporters in Chennai two days after announcing that 27 state-run banks will be me...
-
Blog: Mega Mergers of Banks And What They Won't Solve
On a once-busy highway, a clever dhaba-owner sat swatting flies, waiting for that rare trucker. Ever since they had built a bypass, his business had dropped sharply. He had some leftover aloo-gobhi in his fridge, there was some stale paneer masala and a pan of three-day-old dum aloo. Everything was in progressive stages of decay.
