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MEGA PSB MERGER
More banking sector reforms needed to improve efficiency and accountability in the PSBsThe banking reforms that started in 2015 in right earnest has achieved a lot. But a lot more needs to be done. This is probably the best ti...
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.
Mega bank consolidation on track; to take effect from April 1: FM Nirmala SitharamanBanking Secretary Debasish Panda said the merger process is very much on track and expressed hope that the banking sector would be able to ...
No uncertainty on bank merger; going on as per schedule: FM Nirmala Sitharaman"So the merger and the decision taken by respective banks board are all well taken. We are going as per schedule on that. There is no uncer...
Efforts of banks under PCA framework are being monitored: RBI GovernorReserve Bank of India Governor Shaktikanta Das has said four banks under the Prompt Corrective Action (PCA) framework are taking efforts an...
Govt closely monitoring agriculture credit given by banks: FMThe government in Budget 2020-21 has raised the farm loan disbursal target by 11 per cent to Rs 15 lakh crore for the next fiscal and alloc...
Government unlikely to announce capital infusion for PSU banks in BudgetBanks may look for divesting their non-core business as part of fund raising exercise during 2020-21.
Bank unions defer 2-day strike; operations to be normal on September 26-27Four unions of bank officers had threatened to go on a two-day strike from September 26.
View: PSU bank mergers road to somewhere, but not reformsDoes a larger, even potentially world-scale bank mean a more efficient bank?
FM on 100 days of Modi 2.0: Govt wants to revive confidence in marketsThe government is also conscious of the need to respond to the slowdown in the auto sector.
PSB mega mergers would benefit us in the short term: Shyam Srinivasan, Federal BankI do not believe constitutional change can give near term benefits to anybody.
Sun Pharma, ITC, DLF, Wipro, Cipla among 50 stocks looking strong in a bearish marketThe indicator has signalled bullish crossovers hinting at possible upsides.
View: Why India's mega bank mergers move may not yield the desired resultsGovernment’s forced mega merger of public sector banks could scupper economic recovery.
PSB mergers: Anchor banks likely to fare better on boursesThe worst hit could be Indian Bank as Allahabad Bank has net NPAs exceeding its net worth.
Mutual funds increase exposure to 10 merged lenders in 2019The investments in the 10 banks stood at ₹7,664 crore at the end of the June quarter.
PSBs consolidation building block for USD 5 trillion economy: Finance SecretaryThe consolidation will help create strong and globally competitive banks with economies of scale and enable realisation of wide-ranging syn...
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.