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SBI and private banks may gain customers from India's government banks' mergers

The Indian government has decided to merge 10 state-owned banks into four, a move that has been che…

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1 min read

Merger process major challenge for PSBs in near future: SBI chief

The four new set of proposed mergers included Punjab National Bank, Oriental Bank of Commerce and …

PTI   


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SBI cuts staff by at least 6,000; will redeploy 10,000 employees

SBI, now, wants to redeploy more than 10,000 employees keeping merger with associate banks and …

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5 mins read

India’s 20 state owned banks get about $5 billion back from a loan written off and they are thrilled

The amount of ₹34,250 crore ($4.61 billion) paid by Piramal will be through a combination of cas…

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More consolidation may happen in insurance sector going ahead; SBI Life, ICICI Prudential Life among analysts top picks

So, mergers and acquisitions will be a crucial part of the growth journey as there are many insu…

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1 min read

Six banks are going to merge into SBI

Marking the first ever large-scale consolidation in the Indian banking industry, the merger will re…

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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…

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Top stocks to watch — SBI, HDFC Bank, Wipro, RIL, Future Retail, TCS, Jindal Stainless, UPL, IRCTC, and others

Indian stock-market indices are likely to begin on a tepid note on Wednesday, led by mixed cues fro…

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BBB recommends Ashwini Bhatia for post of SBI MD

The bureau members interfaced with 20 candidates from nationalised banks on May 30 for the position…

PTI   


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6 mins read

Mutual fund industry to see many mergers in next couple of years, says Aditya Birla Sun Life AMC’s CEO

The ₹36 trillion mutual fund industry, in India, with 44 players may see consolidation happening in…

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4 mins read

Top stock movers — Bank of Baroda, Reliance Industries, Future Retail, HUL, ICICI Bank, SBI, HDFC Bank, Bharat Dynamics, Tata Motors and more

Indian stock market index Sensex jumped over 250 points in early trade on Thursday led by gains in …

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2 mins read

RBI optimistic about mergers creating global scale PSBs

It can be noted that the global tech giants like Google, Amazon, Whatsap/Facebook and domestic play…

PTI   


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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   


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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   


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3 mins read

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