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PSB CONSOLIDATION
India plans next-gen reforms for regional rural banks to boost efficiency, tech adoptionThe government is poised to overhaul the Regional Rural Banks, spotlighting the importance of innovation and cooperation. This reform initi...- Consolidation round 2 seen ahead for PSBsThe government is considering further consolidation of public sector banks to create globally competitive, larger lenders. This initiative ...
- Deven Choksey on why Reliance continues to underperform this year"Many of the global FPIs, which are basically ETFs, are trading out the cash as far as Indian equity is concerned and Reliance is becoming ...
- BofA Securities bats for public sector banks over private ones; two key buy recommendationsOverall, this will likely drive system loan growth to improve sustainably to trend 12-13 per cent levels (from 10 per cent now),” said Anan...
- AIBOC opposes merger of LVB with DBS Bank; pitches for merger with state-owned bankAccording to the draft scheme of amalgamation floated by the RBI on Tuesday, it proposed to merge the beleaguered private sector lender LVB...
- Government unlikely to go for privatisation of PSBs this fiscalThe government stake in some PSBs has gone past 75% due to successive capital infusions for meeting regulatory ratios.
- PSB consolidation may shrink IT firms' businessThe country will be left with only 12 large public sector banks from 27 before, the government had announced earlier this year. For existin...
- Expecting too much, too quickly! PSU banks told to regroup, revive & deliver at the same timeNear-term pressure on their profitability will sustain even as they demonstrate better growth.
- NextGen PSBs: Which bank merged with whom and what's the impactIn place of fragmented lending capacity with 27 PSBs in 2017, now there will be 12 PSBs post consolidation.
- Finance Minister Nirmala Sitharaman announces mega merger, 10 PSBs amalgamated into 4 entitiesFinance Minister Nirmala Sitharaman today announced four mega-mergers, comprising of 10 PSB banks.
- Bank of Baroda to shut three African branches by JuneThe bank in a regulatory filing said that as per the government guidelines for rationalisation of overseas presence, increase in efficiency...
- Bank mergers: An idea whose time should never comeLarger sized banks are required to meet the requirements of larger projects in a growing economy.
- Banks Board Bureau has some key suggestions for PSBsBBB has released a compendium of its recommendations on reforms at public sector banks (PSBs) in a report that also cites a lack of engagem...
- BBB wants greater dialogue with Finmin; seeks more mandateBBB's statement is in line with the recent stance taken by RBI governor Urjit Patel, who had suggested that the regulator did not have suff...
- Time ripe for holding company in PSBs to fix fund-crunch: Former RBI deputy governor SS MundraThe RBI deputy governor's comments come at a time when the PSBs are reeling under the burden of NPAs and a massive fraud that was unearthed...
- Govt ties recapitalisation of Public Sector Banks to action on reforms agendaThe final reforms blueprint will have about 35 action points, including customer services, rationalisation of branches, common customer ser...
- AIBOC opposes govt's decision to set up alternative mechanismSBI recommended dividend of Rs 2.5 per share for 2016-17 that will entail an outflow of Rs 2,073 crore, far exceeding the consolidated net ...
- Government to assess banks on basis of efficiency, business growth before funds infusionIn the current fiscal, only Rs 11,200 crore has been set aside for capital infusion in state-run banks, down from Rs 14,000 crore in the ye...
- PSBs have no need to fear consolidation, nor should they consolidate out of fearConsolidation will allow the merged entity to raise tier-II bonds (subordinated debt) at a slightly finer rate than what the weaker entity.
- RBI says time not ripe for PSB consolidationBarely a week after the finance ministry officials met leading state-owned banks to push mergers through buyouts of smaller banks, the Rese...
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