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AMALGAMATION AND MERGER IN FINANCE
RBI cancels licences of 5 NBFCs, 8 others surrender registrationsThe Reserve Bank of India cancelled five NBFC registration certificates on Thursday. Eight other NBFCs surrendered their registrations for ...- Muthoot Finance approves Muthoot Money merger to create larger gold loan businessIn a move to strengthen its market position, Muthoot Finance plans to incorporate Muthoot Money, its wholly-owned subsidiary, into its oper...
- ET Prime Special Series: Multibagger or IBC - Part 73: The customer pays slowly. The machines depreciate slowly tooThe title of this series sounds binary. The businesses rarely are. Between a multibagger and bankruptcy lies a large middle ground where co...
- RBI asks banks to clear old trade and payment mismatchesThe RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify d...
- PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC sharesPower Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh cror...
- RBI cancels registration certificates of 135 NBFCsThe Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered th...
- Competition Commission clears merger of two entities into Svatantra MicrofinThe Competition Commission of India approved the merger of Chaitanya India Fin Credit and Svatantra Holdings with Svatantra Microfin. This ...
- A not-so-sweet deal for M&A enthusiasts in Budget 2025: Less time for tax breaks, more red tape aheadThe latest budget cuts the carry-forward period of losses for amalgamated companies from eight years to only the remaining period from Apri...
- Aditya Birla Capital, Aditya Birla Finance announce a Scheme of Amalgamation for creation of a large NBFCAditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) have approved the Scheme of Amalgamation (Scheme) to create a large uni...
- CCI approves merger of Fincare Small Finance Bank with AU Small Finance Bank"...CCI vide its letter dated January 23, 2024 has communicated that CCI in its meeting held on January 23, 2024, considered and approved t...
- Ujjivan Financial board approves merger with Ujjivan SFBAlthough the merger is subject to the regulator's final approval, the Reserve Bank of India already offered its in-principle go-ahead to th...
- Lakshmi Vilas Bank hits 5% upper circuit limit on merger proposal by Clix CapitalShares of the mid-size private sector lender got locked at 5 per cent upper circuit limit at Rs 16.06 on BSE.
- Merged PSBs to ensure no disruption to credit flow, enhanced customer experience: FinMinThe Union Cabinet had last week approved the mega bank consolidation plan under which Oriental Bank of Commerce and United Bank of India wi...
- Oriental Bank of Commerce requests FinMin to give new name for merged entity: CEO"We have requested Finance Minister Nirmala Sitharaman that the name of the new bank to be created after amalgamation is either different f...
- Allahabad Bank board approves merger with Indian BankFinance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.
- Lakshmi Vilas Bank approves merger with lndiabulls Housing FinanceLakshmi Vilas Bank has total assets of Rs 40,429 crore and capital and reserve of Rs 2,328 crore as March 31, 2018.
- IDFC Bank to seek shareholders' nod next month for name changeThe bank's board on January 13, 2018 had approved a composite scheme of amalgamation of Capital First, Capital First Home Finance and Capit...
- BoB, Vijaya Bank approve merger proposal to create second largest PSU lenderGovt announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country's second-largest PSU lender by assets and bran...
- Capital First gets NHB nod for merger with IDFC BankThe amalgamation is subject to the receipt of approval from the Reserve Bank of India and other statutory and regulatory approvals.
- Assocham lobbies against NSEL merger with parent firm FTILOpposing the proposed merger of NSEL with its parent FTIL, Assocham has said that a company cannot be held liable for "any alleged liabilit...
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