Psu Bank Consolidation

In the biggest consolidation exercise in the banking space, the government in August 2019 had announced four major mergers of public sector banks.

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...

The government has been nudging the state-owned lenders to go for merger so that there can be fewer and stronger banks.

The government is seeking to consolidate the nation's debt-burdened state banking sector.

The Union cabinet approved setting up of an alternative mechanism, to decide on consolidation proposals for state-run banks.

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.

Banking stocks made a comeback after consolidating in the past few sessions and the Nifty PSU bank index gained 0.38 percent.

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.

The report of NITI Aayog will set tone and tenure of the roadmap for consolidation in the future, the official said.

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.

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.

Consolidation of India's public-sector banks would represent a final step in rebuilding a financial system capable of underwriting credit growth.

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.

Andrew Holland, CEO of Ambit Investment Advisors, says domestic markets are likely to consolidate as valuations have run up sharply after the recent rally.

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.

In the biggest consolidation exercise in the banking space, the government in August 2019 had announced four major mergers of public sector banks.

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...

The government has been nudging the state-owned lenders to go for merger so that there can be fewer and stronger banks.

The government is seeking to consolidate the nation's debt-burdened state banking sector.

The Union cabinet approved setting up of an alternative mechanism, to decide on consolidation proposals for state-run banks.

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.

Banking stocks made a comeback after consolidating in the past few sessions and the Nifty PSU bank index gained 0.38 percent.

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.

The report of NITI Aayog will set tone and tenure of the roadmap for consolidation in the future, the official said.

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.

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.

Consolidation of India's public-sector banks would represent a final step in rebuilding a financial system capable of underwriting credit growth.

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.

Andrew Holland, CEO of Ambit Investment Advisors, says domestic markets are likely to consolidate as valuations have run up sharply after the recent rally.

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.