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1 min read
Bank of Baroda shares rally over 9% post Q4 earnings
On the NSE, it surged 8.51 per cent to Rs 54.80. State-owned Bank of Baroda on Tuesday repor…
PTI
3 mins read
A number of unions in India are protesting against the government’s decision to merge three state-owned banks
As a result, banking services at a number of public-sector banks will be affected including AT…
2 mins read
India’s government is merging three state-owned lenders to create one of the country’s largest banks
The problems plaguing India’s public sector banks are well known. In addition to poor governance,…
1 min read
Canara Bank to consolidate Vijaya Bank and Dena Bank after monsoon session
Canara Bank comes fourth in market capitalization after SBI, Bank of Baroda and Punjab National…
1 min read
Fresh case of loan fraud of ₹1,688 crore against ABG Shipyard owner Rishi Agarwal, others
The Central Bureau of Investigation (CBI) has lodged a fresh loan fraud case of Rs 1688 crore again…
1 min read
Forensic Audit Of Dena Bank, OBC Ordered After Reports Of Scam
GS Sandhu, secretary, Ministry of Finance, said, “These are instances which have happened at the lo…
1 min read
Govt Asks PSU Banks To Tighten High-value Fixed Deposit Norms
A few days ago, the Finance Ministry had ordered forensic audit into some non-performing accounts o…
1 min read
Bank of Baroda completes IT integration with 132 branches of erstwhile Vijaya Bank
"We took an incremental approach for migration. As a test case, we first migrated one branch of Vij…
PTI
1 min read
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
3 mins read
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
3 mins read
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
2 mins read
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
1 min read
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
2 mins read
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…