The RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify d...

Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh cror...

The Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered th...

The Competition Commission of India approved the merger of Chaitanya India Fin Credit and Svatantra Holdings with Svatantra Microfin. This ...

The 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 Limited (ABCL) and Aditya Birla Finance (ABFL) have approved the Scheme of Amalgamation (Scheme) to create a large uni...

"...CCI vide its letter dated January 23, 2024 has communicated that CCI in its meeting held on January 23, 2024, considered and approved t...

Although the merger is subject to the regulator's final approval, the Reserve Bank of India already offered its in-principle go-ahead to th...

Shares of the mid-size private sector lender got locked at 5 per cent upper circuit limit at Rs 16.06 on BSE.

The Union Cabinet had last week approved the mega bank consolidation plan under which Oriental Bank of Commerce and United Bank of India wi...

"We have requested Finance Minister Nirmala Sitharaman that the name of the new bank to be created after amalgamation is either different f...

Finance Minister Nirmala Sitharaman had on August 30 announced the consolidation of 10 state-run banks into four large-scale lenders.

Lakshmi Vilas Bank has total assets of Rs 40,429 crore and capital and reserve of Rs 2,328 crore as March 31, 2018.

The bank's board on January 13, 2018 had approved a composite scheme of amalgamation of Capital First, Capital First Home Finance and Capit...

Govt 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...

The amalgamation is subject to the receipt of approval from the Reserve Bank of India and other statutory and regulatory approvals.

Opposing the proposed merger of NSEL with its parent FTIL, Assocham has said that a company cannot be held liable for "any alleged liabilit...