Psu Bank Consolidation
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Banks' Merger To Come Into Effect From April 1, Says Nirmala Sitharaman
In the biggest consolidation exercise in the banking space, the government in August 2019 had announced four major mergers of public sector banks.
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12 State-Run Banks Instead Of 27 In Government's Mega Mergers: 10 Things To Know
State-run banks will be merged to form a dozen strong lenders, Finance Minister Nirmala Sitharaman announced on Friday. The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs. 17.95 lakh crore, "1.5 times the size of Punjab National Bank". Three mo...
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Public Sector Banks Asked To Ready Plan For Third Round Of Consolidation: Report
The government has been nudging the state-owned lenders to go for merger so that there can be fewer and stronger banks.
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PNB Likely To Take Control Of Allahabad Bank, 2 Other Public Sector Banks: Report
The government is seeking to consolidate the nation's debt-burdened state banking sector.
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Government Ready To Support Mergers Between Public Banks: Report
The Union cabinet approved setting up of an alternative mechanism, to decide on consolidation proposals for state-run banks.
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SBI Chief Says Mergers Can Reduce PSU Banks' Need For Government Capital
SBI merged its five subsidiaries and Bharatiya Mahila Bank, which resulted in a massive spike in its provisions and bad loans ratio that touched double digits in the first consolidated results announced earlier this month, though this led to the creation of the 45th largest bank in the world.
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Sensex Flat; Nifty Headed For First Weekly Loss In Five
Banking stocks made a comeback after consolidating in the past few sessions and the Nifty PSU bank index gained 0.38 percent.
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Government May Approve One More PSU Bank Consolidation By March
Five associate banks and Bharatiya Mahila Bank became part of SBI on April 1, 2017, catapulting the country's largest lender to among the top 50 banks in the world.
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Finance Ministry Seeks NITI Aayog Suggestions On PSU Banks Consolidation
The report of NITI Aayog will set tone and tenure of the roadmap for consolidation in the future, the official said.
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Must Plan Regional-Based Model To Consolidate PSU Lenders: Banks Board Bureau
Consolidation of the country's public-sector banks is seen as a final step in rebuilding a financial system capable of underwriting credit growth and job-creating investment in Asia's third-largest economy.
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'Try Tough Love': New RBI Deputy Governor Viral Acharya On Bad Loans
The RBI deputy governor said it's not clear if so many public sector banks were needed and the system will be better off if they are consolidated into fewer but healthier banks.
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Government Eyes Merger Of Two Big State-Run Banks After Debt Cleanup
Consolidation of India's public-sector banks would represent a final step in rebuilding a financial system capable of underwriting credit growth.
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Lenders' Consolidation Next Fiscal Year: Banks Board Bureau Chief
Consolidation of more banks may begin from next fiscal year as the priority today is to unlock the jammed lending system with the non-performing assets (NPAs) sitting over balance sheets of banking institutions, Banks Board Bureau chief Vinod Rai said on Tuesday.
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Pharma Attractive, Avoid IT, State-Run Banks: Andrew Holland
Andrew Holland, CEO of Ambit Investment Advisors, says domestic markets are likely to consolidate as valuations have run up sharply after the recent rally.
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SBI Merger Right Idea, More Such Moves Needed: Meghnad Desai
Terming the government's decision to go ahead with merger of State Bank of India (SBI) and its associate banks as a "right idea", eminent economist Meghnad Desai has said other PSU banks should also be merged from the current 24 to 3-4 large banks.
-
Banks' Merger To Come Into Effect From April 1, Says Nirmala Sitharaman
In the biggest consolidation exercise in the banking space, the government in August 2019 had announced four major mergers of public sector banks.
-
12 State-Run Banks Instead Of 27 In Government's Mega Mergers: 10 Things To Know
State-run banks will be merged to form a dozen strong lenders, Finance Minister Nirmala Sitharaman announced on Friday. The Punjab National Bank, Oriental Bank of Commerce and United Bank will merge to form the country's second largest public sector bank with a business of Rs. 17.95 lakh crore, "1.5 times the size of Punjab National Bank". Three mo...
-
Public Sector Banks Asked To Ready Plan For Third Round Of Consolidation: Report
The government has been nudging the state-owned lenders to go for merger so that there can be fewer and stronger banks.
-
PNB Likely To Take Control Of Allahabad Bank, 2 Other Public Sector Banks: Report
The government is seeking to consolidate the nation's debt-burdened state banking sector.
-
Government Ready To Support Mergers Between Public Banks: Report
The Union cabinet approved setting up of an alternative mechanism, to decide on consolidation proposals for state-run banks.
-
SBI Chief Says Mergers Can Reduce PSU Banks' Need For Government Capital
SBI merged its five subsidiaries and Bharatiya Mahila Bank, which resulted in a massive spike in its provisions and bad loans ratio that touched double digits in the first consolidated results announced earlier this month, though this led to the creation of the 45th largest bank in the world.
-
Sensex Flat; Nifty Headed For First Weekly Loss In Five
Banking stocks made a comeback after consolidating in the past few sessions and the Nifty PSU bank index gained 0.38 percent.
-
Government May Approve One More PSU Bank Consolidation By March
Five associate banks and Bharatiya Mahila Bank became part of SBI on April 1, 2017, catapulting the country's largest lender to among the top 50 banks in the world.
-
Finance Ministry Seeks NITI Aayog Suggestions On PSU Banks Consolidation
The report of NITI Aayog will set tone and tenure of the roadmap for consolidation in the future, the official said.
-
Must Plan Regional-Based Model To Consolidate PSU Lenders: Banks Board Bureau
Consolidation of the country's public-sector banks is seen as a final step in rebuilding a financial system capable of underwriting credit growth and job-creating investment in Asia's third-largest economy.
-
'Try Tough Love': New RBI Deputy Governor Viral Acharya On Bad Loans
The RBI deputy governor said it's not clear if so many public sector banks were needed and the system will be better off if they are consolidated into fewer but healthier banks.
-
Government Eyes Merger Of Two Big State-Run Banks After Debt Cleanup
Consolidation of India's public-sector banks would represent a final step in rebuilding a financial system capable of underwriting credit growth.
-
Lenders' Consolidation Next Fiscal Year: Banks Board Bureau Chief
Consolidation of more banks may begin from next fiscal year as the priority today is to unlock the jammed lending system with the non-performing assets (NPAs) sitting over balance sheets of banking institutions, Banks Board Bureau chief Vinod Rai said on Tuesday.
-
Pharma Attractive, Avoid IT, State-Run Banks: Andrew Holland
Andrew Holland, CEO of Ambit Investment Advisors, says domestic markets are likely to consolidate as valuations have run up sharply after the recent rally.
-
SBI Merger Right Idea, More Such Moves Needed: Meghnad Desai
Terming the government's decision to go ahead with merger of State Bank of India (SBI) and its associate banks as a "right idea", eminent economist Meghnad Desai has said other PSU banks should also be merged from the current 24 to 3-4 large banks.
