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PNB and Bank of Baroda gearing up for next round of consolidation in Indian banking industry
(Image source GoShoppin)
SBI chief Arundhati Bhattacharya may serve for another year
"There is a need for continuity at a time when the process of consolidation is going on," sources t…
Six banks are going to merge into SBI
Marking the first ever large-scale consolidation in the Indian banking industry, the merger will re…
Clean up books before merger, SBI directs associate banks
"Post-merger, an account can't be classified as standard in the books of one associate bank and sub…
Indian Bank board approves share swap for Allahabad Bank merger
As per this plan, United Bank of India and Oriental Bank of Commerce will be merged with Punjab Nat…
PTI
Mega bank merger marks new dawn for Indian banking space: FinMin
"We don't foresee any problem it is going as per the plan. We have reviewed in the light of this s…
PTI
Mega-merger of PSU banks to be effective from Wednesday; 6 banks cease to exist
Commenting on the consolidation, Canara Bank MD L V Prabhakar said, "We are delighted that followin…
PTI
Customers won't face any disruption post Allahabad Bank merger: Indian Bank
"As a combined entity, Indian Bank's balance sheet is much stronger. We can offer higher amount of…
PTI
Allahabad Bank gets govt's in-principle nod for merger with Indian Bank
New Delhi, Nov 19 () Allahabad Bank on Tuesday said the government has given in-principle approval …
PTI
FM to meet heads of merging banks on Thursday
As per the proposal, Oriental Bank of Commerce (OBC) and United Bank of India (UBI) would be merge…
PTI
Indian government decides to merge ten public sector banks to form four large entities
Indian finance minister Nirmala Sitharaman today announced the merger of ten state-owned banks into…
Govt closely monitoring agriculture credit given by banks: FM
"Credit limit has been expanded. I am sure it is based on local ground level requirement...we expe…
PTI
Banks' merger to come into effect from Apr 1, says Sitharaman
United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank; Syndic…
PTI
10 state-owned banks announce share swap ratios for mergers
A Grievance Redressal Committee headed by Vijay Kumar Vyas, retired judge of Rajasthan High Court, …
PTI
8 state-owned banks announce share swap ratios for mergers
A Grievance Redressal Committee headed by Vijay Kumar Vyas, retired judge of Rajasthan High Court,…
PTI
Efforts of banks under PCA frameworks are being monitored: RBI Governor
Last year in August, the government announced the consolidation of ten public sector banks (PSBs) i…
PTI
Mega bank consolidation on track; to take effect from April 1: FM
The merger will result in creation of seven large PSBs with scale and national reach, with each ama…
PTI
The chairman of India’s largest bank has said that it shouldn’t absorb any more banks
SBI is India’s largest bank, holding a little under a quarter of all the assets in the banking…
PNB, Union Bank get in-principal nod from govt for proposed merger
New Delhi, Nov 18 () Punjab National Bank and Union Bank of India on Monday said they have received…
PTI
This is why the Finance Minister wants to acquire more small and mid-sized banks
One of the possibilities is that large public sector banks (PSBs) like Punjab National Bank, B…