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RURAL BANK MERGERS
Mega merger incoming: Should you buy PFC, REC shares ahead of merger? Here's what analysts sayPFC and REC shares are under scrutiny as a mega merger progresses. Analysts advise a staggered approach to buying, highlighting that the tr...- PFC, REC shares in focus as mega merger process advances. What's next?Power Finance Corporation's board has taken a significant step towards merging with Rural Electrification Corporation. The board has approv...
- These 8 private and public banking stocks have an upside of up to 35% in one year, according to analystsThere was a decline in banking stocks during Tuesday’s trading session. The drop came as a reaction to the RBI tightening its bad loan norm...
- China's record mergers in $8 trillion small banking sector raises future risksChina executed its largest rural bank consolidation in 2024, merging 290 banks and cooperatives into larger regional lenders. Analysts warn...
- Staff associations of mainstream lenders and regional rural banks at loggerheads over merger proposalThe All India Regional Rural Bank Employees Association strongly opposes the merger proposal, citing concerns about the treatment of RRB em...
- Bank Unions write to Finance Minister for merger of RRBs with Sponsor BanksThe merger of Regional Rural Banks with Sponsor Banks, as demanded by bank unions, aims to enhance efficiency, viability, and sustainabilit...
- Regional Rural Bank mergers exempted from CCI ApprovalA similar relief was granted by the corporate affairs ministry in 2017 for a five-year period. The latest move comes at a time when the gov...
- HDFC Bank likely to open over 600 branches in semi-urban, rural areas in FY24The action is a part of bank's new programme targeting customers in semi-urban and rural areas. It aims to help India's largest private len...
- Merger of regional rural banks within same state likelyAt present, the Centre holds 50% stake in RRBs, while 35% and 15% are with the sponsor banks and state governments, respectively.
- IDFC First Bank shares list on BSE and NSEThe merger of Capital First with IDFC Bank was announced on January 13, 2018.
- Bihar Grameen Bank to merge with Madhya Bihar Grameen Bank: Sushil ModiAfter the merger, only two rural banks- Uttar Bihar and Madhya Bihar- will be left in the state, said Modi, who is also Bihar's Finance Min...
- Regional rural banks' mergers gets exemption from CCI ambitRegional Rural Banks (RRBs) set up under the RRB Act, 1976 -- provide credit and other facilities to small farmers, agricultural labourers ...
- CCI probes RRBs’ merger promoted by Syndicate Bank, PNB for possible breach of normsThe case is being examined under the combination provision of the Competition Act 2002, the official said, requesting anonymity.
- Centr e asks Bengal to merge 2 rural banks, but State sets own termsState official said the proposed merger will be difficult to execute as these banks are not geographically contiguous- the guiding principl...
- Rural bank cross-merger on cardsThe exercise will be done through a process of amalgamation where two or more entities will be joined together to create a new and bigger b...
- SBI CMD, OP Bhatt says merger of subsidiary units a time taking processThe Chairman, SBI, OP Bhatt said that the merger of its subsidiary banks with the parent will not happen in one go and they will take it up...
- Banking and finance, oil and gas, IT sector good bets: Rajiv AnandRajiv Anand, MD & CEO, Axis Asset Management spoke to ET Now on stocks and sectors.
- Govt facilitating merger of four RRBsExpansion of RRBs is being encouraged by the central government and the consolidation process is being facilitated to ensure that these ban...
- Banking sector gears up for more M&AsIn 2006, when the corporate world was flexing its muscles with a spate of major acquisitions abroad, the financial services space was not f...
- Staff issues key for ICICI in Sangli buyICICI Bank’s planned acquisition of Sangli Bank is yet another example of how market forces lead to consolidation in the banking sector.
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