New generation private sector IDFC Bank and non-banking financial company Capital First announced completion of their merger on December 18, creating a combined loan asset book of Rs 1.03 lakh…
Bankers Union are in thought that the proposed merger of Bank of Baroda with Vijaya Bank & Dena Bank will lead to massive job cuts. The All India Bank Employees…
About 10 lakh bank employees and Officers will observe a nation-wide strike on December 26 in protest against the Union Government’s decision to merge the Bank of Baroda, Dena Bank…
Capital First, provider of loans to small businesses, is backed by buyout firm Warburg Pincus. Capital First is being acquired by IDFC Bank for around $1.5 billion. After getting the…
In March last year, PTI quoting finance ministry officials, reported that the government want to create 4-5 global sized lenders.
Many public sector bank chiefs have also been asked to submit memorandum of understanding (MOUs) to elaborate their strengths and weaknesses and also possible outlook on their merger options.
November 1, Arun Jaitley- headed a ministerial panel on consolidation of PSU Banks
No proposal of PSB merger under consideration: Govt
Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.
There has been no successful merger so far, he said, and added that the government lacks the experience to understand this.