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BANK MERGERS NEWS
Kotak Mahindra Bank to acquire Deutsche Bank’s retail banking, private banking and wealth management business in IndiaKotak Mahindra Bank is acquiring Deutsche Bank's retail, affluent private banking, and wealth management operations in India. This strategi...
India's growth story, not AI trade reversal, will drive foreign flows: Sameer DalalIndia's economic strength, not AI's decline, will drive foreign capital inflows, according to Sameer Dalal. He believes AI's market correct...
Stocks in news: Lenskart, PFC, RIL, Hindustan Zinc, Tata ConsumerIndian markets saw volatile trading on Wednesday, closing slightly down. Lenskart, PFC, RIL, Hindustan Zinc, and Tata Consumer are in focus...
Warren Buffett on how CEOs manipulate earnings – and how to spot itWarren Buffett compared modern corporate accounting to a golfer who turns in a score of 140 in his first round (thanks to fake bogeys), and...
Stocks in news: Ola Electric, Eicher Motors, Axis Bank, Anant Raj, WiproMarkets faced pressure on Monday, with key indices declining over half a percent due to weak global cues. Ola Electric approved its QIP iss...
Govt’s new ‘law-to-code’ push; UpGrad’s $1.7 billion valuationHappy Wednesday! The government plans to translate legal provisions into software code that enforces compliance by design. This and more in...
PFC net up 3%, expects merger with REC by April 2027; flags concern over RBI normsPower Finance Corporation and REC Ltd are planning to merge by April 1, 2027. This merger will create a single platform for financing India...
Wars, recessions, political crises, market crashes. Warren Buffett’s advice on each of themWarren Buffett made a prediction in the mid-1990s he knew would come true: Berkshire Hathaway's future returns would fall short compared to...
Spirit Airlines shutting down: why did Spirit Airlines fail and how to get your refunds right nowSpirit shutting down: Spirit Airlines is shutting down today. Spirit grounded all flights now. Two billion dollars in debt killed the carri...
JP Morgan clears air over Chirayu Rana’s sexual harassment claims against top level executive Lorna Hajdini amid row; all you need to knowJPMorgan executive Lorna Hajdini is facing sexual harassment allegations from former employee Chirayu Rana, who claims he was drugged and t...
What if Kotak Mahindra Bank acquires Federal Bank? Here’s what CLSA saysFundamentally, regional banks are strong liability franchises in their micro markets, and in Kotak's case we have highlighted it would need...
HDFC Bank says no need to pay off parent firm's liabilities on day one of mergerThe country's largest private sector bank by balance sheet size is set to merge its parent mortgage lender Housing Development Finance Corp...
HDFC Bank-HDFC merger: After 45 years, we have found a home in our own company, says Deepak ParekhAddressing the press following the announcement of the merger of HDFC Bank and HDFC Ltd, Deepak Parekh, the chairman of HDFC said that the ...
Your health insurance premium could rise 50-300% thanks to PSU bank mergersQueries by TOI showed that PSB customers who for years enjoyed group mediclaim at rates of Rs 7,500-12,000, will see their premiums jump to...
How the Bank of Baroda, Vijaya Bank and Dena Bank merger will impact youFrom getting a new a/c number to dealing with branch rationalisation exercise, a lot will change for customers.
Boards of Bank of Baroda, Vijaya Bank & Dena Bank will meet to thresh out detailsOn Monday evening, the finance ministry directed the top management of three banks to approve a proposal of amalgamation at their respectiv...
There are benefits for all in the merger: PS JayakumarThe issue is whether Bank of Baroda will get distracted to the point that growth and transformational journey that we have undertaken will ...
Bank merger: Will there be a new name, too?On Monday, the government proposed the merger of these banks to create the country’s third-biggest lender.
Vijay Denanath Baroda Bank: Challenges of the urge to mergeThe merger of BoB, Vijaya Bank and Dena Bank will hide the underlying problem instead of addressing it.
Top executives of Dena Bank and Vijaya Bank kept in dark about the merger with Bank of BarodaThe decision and the suddenness of the announcement have shocked the state-run banking system.